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<p>[QUOTE=&quot;Ken_3567, post: 209718, member: 8237&quot;]IMHO coin collecting and bullion are completely separate markets that each have different drivers for increased value returns but occasionally the two can influence one another.&nbsp; </p><p><br /></p><p>In regards to Morgans, this area of coin collecting has always had its growth factor primarily connected to collector interests and though spot silver may influence some prices I don&#039;t think it will out strip collector demand/increases.</p><p><br /></p><p>Where I see the bullion market impacting the coin market is in common low grade silver coinage from the 30s to 60s.&nbsp; If silver gets to say $16 an ounce what would this mean to AG, G, VG, or even fine coins that have always been available to new or low budget collectors?&nbsp; </p><p><br /></p><p>My pessimistic view is that new collectors with small budgets trying to fill albums or type sets will be finding themselves looking at small $$ spreads between grades. This may move low grade collector habits towards VF/XF coins for pre-40, XF/AU for pre-50, &amp; AU/BU coins for pre-64. Meanwhile, the AG to F coins are probably headed to that old silver mine in the sky.</p><p><br /></p><p>For example;</p><p>I know common date merc dimes from the 40s can still be had for $3 to $4 in BU and if an AG or G grade is going for more than a $1 then justification to move up to an XF or AU is highly likely.</p><p><br /></p><p>The question then becomes one of supply and demand. This may put pressure on the remaining supplies of </p><p>common date coins in XF to BU grades. </p><p>If there is a large collector base already existing at the lower grade end of the hobby then this will influence demand which will drive up prices and return a balance to the price spread between G to XF.&nbsp; </p><p>If there are not enough collectors at the low end to influence higher graded coins then the smelting factor will come into play to help balance the price spread between G to XF.</p><p><br /></p><p>Sorry about the long rant but wanted to add me two cents <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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