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Anybody else remember the great silver boom of 1979-1980?
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<p>[QUOTE="Old Texas Reb, post: 2935756, member: 91220"]What a wild time that was! At the time I had a full time job but worked nights and weekends for a rare coin company owned by one of my friends in Houston to help handle the mob of sellers and sort out the silver coins by fineness for shipment to the refinery.</p><p><br /></p><p>Lines stretched out the door and the company had to hire off-duty cops to keep things under control. Virtually EVERYTHING with a gold or silver content came in including gold teeth! It really broke my heart to see so many nice world coins going into melt bins. I did manage to rescue one (a really nice 1933 Martin Luther German 5 mark coin) that I sold a few years later for a nice profit. I also bought my wife a nice Thai baht gold necklace made of small little rectangular gold bars which she still has.</p><p><br /></p><p>US coin bags reached a high of about $24,000 per $1,000 bag, but dealers paid well back of that price because the refineries were all backed up and payment was slow to come in.[/QUOTE]</p><p><br /></p>
[QUOTE="Old Texas Reb, post: 2935756, member: 91220"]What a wild time that was! At the time I had a full time job but worked nights and weekends for a rare coin company owned by one of my friends in Houston to help handle the mob of sellers and sort out the silver coins by fineness for shipment to the refinery. Lines stretched out the door and the company had to hire off-duty cops to keep things under control. Virtually EVERYTHING with a gold or silver content came in including gold teeth! It really broke my heart to see so many nice world coins going into melt bins. I did manage to rescue one (a really nice 1933 Martin Luther German 5 mark coin) that I sold a few years later for a nice profit. I also bought my wife a nice Thai baht gold necklace made of small little rectangular gold bars which she still has. US coin bags reached a high of about $24,000 per $1,000 bag, but dealers paid well back of that price because the refineries were all backed up and payment was slow to come in.[/QUOTE]
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Anybody else remember the great silver boom of 1979-1980?
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