Observations about rarity and value
The word "rare" is used to indicate that a coin is of a type that is, in some sense, very unusual and, by implication, more valuable than other similar coins. However, it is important for collectors to realize that there are different types of rarity. In US coins, a "rare" type is usually worth much more than a similar "common" type, but in some contexts the word "rare" does not justify much of a premium price. For example, here is a "common" type followed by a similar unlisted ("very rare") type (really, just a "variety") that is of little additional interest or value.
Theodosius, 379-395
AE2. 22 mm. 4.46 grams.
VIRTVS EXERCITI
Emperor standing right, holding standard and globe, spurning captive
+
CONSA
RIC IX Constantinople 83b1 "C" for common.
This type is common and readily avilable in nice condition. The next coin is very similar with one difference.
Again, Theodosius, but
Conclusion. Interesting rarity can add value, but often "rare" is used to refer to varieties of little interest and then it doesn't affect value much.
The end
Go to my page "On rarity" which explains the principles of rarity and price: http://augustuscoins.com/ed/numis/rarity.html
Go to the table of contents of this whole educational site: http://augustuscoins.com/ed/
Go to the top of the page for beginners "Ancient Roman and Greek Coins, FAQ" http://augustuscoins.com/ed/numis/