Message:

<p>[QUOTE=&quot;World Colonial, post: 2445111, member: 78153&quot;]I was collecting then but not paying close attention.&nbsp; My recollection is that first, buyers over estimated the scarcity of many US coins now known to be common.&nbsp; This was 1989 but perhaps it is understandable since the population reports were new and collectors might have been basing it on inaccurate perception from years past.</p><p><br /></p><p>Second, Merrill Lynch and Kidder Peabody created MLP&#039;s and sold fractional interests to &quot;investors&quot;.&nbsp; Other speculators front ran this trade and left them as bag holders.&nbsp; I don&#039;t know the coins involved but must have at least included Morgans and generic type US gold.</p><p><br /></p><p>There were (and maybe still are) telemarketing firms who might have sold these coins.&nbsp; I remember in the mid 80&#039;s subscribing to a worthless financial newsletter (Capital Gains) which was actually a marketing shill for bullion and coins.&nbsp; This was pre-TPG but the coins were absurdly overpriced.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in