Did anybody notice any considerable price changes in the 2009 and 2011 red book? Not much had changed, IMHO, but then I looked at the 1878 7 Feathers 3rd reverse Morgan Dollar, in PF-63 2009 price- $15,000 2011 price- $60,000 What caused this, or is there really an effect in the market? Was a hoard of them released in 2008 and drove the prices down with more quantity or are they 4x more popular now?
If the values really did change that much, that could really be an eye opener to investors, in a recession a coins value goes 4x. and not for gold or silver value. Even if the red book is 50% inflated that would still be 4x and a $22,500 profit in 2 years.
What caused it? Probably one or more of them sold at auction in the $60K range in 2009. The auction sale price was noted and in 2010 the 2011 redbook reflected that sale. The question is how often does that coin sell in that grade? If i happens rarely the price will tend to reflect the latest sale price. If it does sell often thn you have the question is it actually selling at that price or is it a typo or reporting error where someone reported $16,000 and they wrote down $60,000. (Say both out loud, they could easily be confused.)
