The Survival Estimate represents an average of one or more experts' opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.
Numismatic Rarity
Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.
Relative Rarity By Type
Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.
Relative Rarity By Series
Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
The three 1938 Arkansas issues are about equally rare in MS64 to MS65 condition, but the 1938-D is not nearly as rare as the 1938 and 1938-S in Superb Gem MS66 or better condition. The average grade for the 1938-D is MS63 to MS66 and like all Arkansas, there are very few circulated examples in existence. The typical 1939-D has the subdued kind-of-frosty luster usually found on Aeransas commems. And of course toning is often present and can range anywhere on the eye appeal scale from gorgeous to downright ugly.
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