Embodiments of the present invention provide a system that maintains coherence between cache lines in a computer system by using dynamic privatization. During operation, the system starts by receiving a request for a read-only copy of a cache line from a processor. The system then determines if the processor has privately requested the cache line a predetermined number of times. If so, the system provides a copy of the cache line to the processor in an exclusive state. Otherwise, the system provides a copy of the cache line to the processor in a shared state.