Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
as of this minute
>
Reply to Thread
Message:
<p>[QUOTE="Cloudsweeper99, post: 124938, member: 3011"]The young collectors out there don't really have any experience with inflation -- at least not the 1970s variety. There is no need to decide on a selling price in advance. Keep in mind that prices can go much much higher than you ever imagine. You will live to see prices so high that people won't believe you when you tell them you could buy gas for only $2.50 per gallon and a house for a mere $400,000. I know it's hard to believe, but it will happen. So while $20 silver might seem high to you now, in 30 years it will probably buy you a candy bar. I have an old Handbook of United States Coins; 22nd edition by R.S. Yeoman published in 1965.</p><p><br /></p><p>Uncirculated 1921 Morgan dollars were $1.00</p><p>1885CC uncircluated Morgan was $30.00</p><p>1916D mercury dime was $105.00</p><p>1909S VBD was already up to $100.00</p><p>Most buffalo nickels were still a nickel in XF condition</p><p>Most $20 Liberty gold coins were $43.00</p><p><br /></p><p>Anyway, this isn't an abberation. It's the way things are under an economic system that uses fiat currency. So you might be better off trading what you have for something else you want than just converting your collection to cash. Keep your coin money invested in coins. It's fun and there is a good chance to benefit in the very long run.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 124938, member: 3011"]The young collectors out there don't really have any experience with inflation -- at least not the 1970s variety. There is no need to decide on a selling price in advance. Keep in mind that prices can go much much higher than you ever imagine. You will live to see prices so high that people won't believe you when you tell them you could buy gas for only $2.50 per gallon and a house for a mere $400,000. I know it's hard to believe, but it will happen. So while $20 silver might seem high to you now, in 30 years it will probably buy you a candy bar. I have an old Handbook of United States Coins; 22nd edition by R.S. Yeoman published in 1965. Uncirculated 1921 Morgan dollars were $1.00 1885CC uncircluated Morgan was $30.00 1916D mercury dime was $105.00 1909S VBD was already up to $100.00 Most buffalo nickels were still a nickel in XF condition Most $20 Liberty gold coins were $43.00 Anyway, this isn't an abberation. It's the way things are under an economic system that uses fiat currency. So you might be better off trading what you have for something else you want than just converting your collection to cash. Keep your coin money invested in coins. It's fun and there is a good chance to benefit in the very long run.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
as of this minute
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...