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Anyone think a boom is just around the corner (coin and metal prices)..
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<p>[QUOTE="Cloudsweeper99, post: 209449, member: 3011"]The point I was trying to make is that IF the price of silver increases substantially over the next decade, the more common lower priced morgan dollars will probably increase more in price in percentage terms than the more sacrce higher priced morgan dollars. Of course, the more scarce coins will always cost more than the common coins, and common coins will always cost more than their bullion value because of their collector's value. </p><p><br /></p><p>If you want me to guess, I would say that common silver coins will trade more closely to the bullion price on a percentage basis, but perhaps not on a dollar per coin basis. To provide a completely made-up illustration, if silver was $15 per ounce and a morgan was $45, or three times the price of an ounce of silver [yes I know a morgan isn't an ounce but I'm simplifying here], then if silver increased to $30 per ounce the morgan might increase to $70. This would be a double for silver but less than a double for the morgan, but it would be a $15 increase for silver and a $25 increase for the morgan. </p><p><br /></p><p>This is the type of future price action I expect, and as a result, I think the lower priced morgans will outperform the higher priced ones in the future.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 209449, member: 3011"]The point I was trying to make is that IF the price of silver increases substantially over the next decade, the more common lower priced morgan dollars will probably increase more in price in percentage terms than the more sacrce higher priced morgan dollars. Of course, the more scarce coins will always cost more than the common coins, and common coins will always cost more than their bullion value because of their collector's value. If you want me to guess, I would say that common silver coins will trade more closely to the bullion price on a percentage basis, but perhaps not on a dollar per coin basis. To provide a completely made-up illustration, if silver was $15 per ounce and a morgan was $45, or three times the price of an ounce of silver [yes I know a morgan isn't an ounce but I'm simplifying here], then if silver increased to $30 per ounce the morgan might increase to $70. This would be a double for silver but less than a double for the morgan, but it would be a $15 increase for silver and a $25 increase for the morgan. This is the type of future price action I expect, and as a result, I think the lower priced morgans will outperform the higher priced ones in the future.[/QUOTE]
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Anyone think a boom is just around the corner (coin and metal prices)..
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