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Anyone think a boom is just around the corner (coin and metal prices)..
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<p>[QUOTE="coinage86, post: 208701, member: 7584"]I m not sure how to interpret your response, cloudsweeper. I have a small collection of morgans worth a total of $500. thats a total of Seven coins. Some worth $50 and some worth $100. To argue if they are rare or common is a long philosophical argument. Are you saying a $50 morgan will triple to $150 if the bullion price triples? are you telling me the numismatic premium over the bullion price will double or triple? ...I suspect maybe that is what you're saying. If silver goes to $45 an ounce, it seems ridiculous to think a morgan that is $50 in MS63 would be only $5 over melt value. But I guess in the coin industry, the dealers depend a lot on high volume buisness of common date stuff for their monthly income. Very rare stuff is the whimsy of wealthy people, when coin collecting suits their interest. So if silver gets too expensive, the numismatic value might not increase. Because if the stuff gets too expensive, then dealers wont have as much business. dealers have to keep the common stuff affordable. So we might see in silver coins, what we see in gold coins, whereby the silver coin will start trading more closely to the bullion price. .....which scenario do YOU think will occur? as bill o'reilly says, what say you?[/QUOTE]</p><p><br /></p>
[QUOTE="coinage86, post: 208701, member: 7584"]I m not sure how to interpret your response, cloudsweeper. I have a small collection of morgans worth a total of $500. thats a total of Seven coins. Some worth $50 and some worth $100. To argue if they are rare or common is a long philosophical argument. Are you saying a $50 morgan will triple to $150 if the bullion price triples? are you telling me the numismatic premium over the bullion price will double or triple? ...I suspect maybe that is what you're saying. If silver goes to $45 an ounce, it seems ridiculous to think a morgan that is $50 in MS63 would be only $5 over melt value. But I guess in the coin industry, the dealers depend a lot on high volume buisness of common date stuff for their monthly income. Very rare stuff is the whimsy of wealthy people, when coin collecting suits their interest. So if silver gets too expensive, the numismatic value might not increase. Because if the stuff gets too expensive, then dealers wont have as much business. dealers have to keep the common stuff affordable. So we might see in silver coins, what we see in gold coins, whereby the silver coin will start trading more closely to the bullion price. .....which scenario do YOU think will occur? as bill o'reilly says, what say you?[/QUOTE]
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Anyone think a boom is just around the corner (coin and metal prices)..
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