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<p>[QUOTE="Ed Zak, post: 29664, member: 824"]Remember in the late 1970's when the Hunt Brothers out of Texas were trying to corner the silver market? They had a good run...then BOOM, silver fell from over $50 per ounce to levels below $10 an ounce.</p><p><br /></p><p>I remember those days because the local pawn shop had full page advertisements that stated, will pay you 2000% face value for pre-1964 dimes, quarters, half dollars and dollars...then 2500%, then 3000%, and up and up! </p><p><br /></p><p>I was a paper boy and through two plus years of collecting money, I saved rolls of common date silver coins (1960 to 1964) really worth nothing until silver started taking off. When the pawn shop ad hit 4000% payoff, I took in my rolls of qaurters and dimes (I didn't see halfs or dollars as I collected money door to door), and cashed out. Wow...they gave me $4 for a dime and $10 for a quarter. I thought I was rich! I bought a brand-new top of the line Schwin bicycle, felt on top of the world, and had extra cash in my pocket.</p><p><br /></p><p>My Dad told I was nuts becuase silver was going higher and it did...but not for long, for soon after that silver market came crashing down.</p><p><br /></p><p>Could it happen again?...maybe, but it would take lots of searching and serious dollars...maybe more so than the actual coins may be worth after they get acquired.[/QUOTE]</p><p><br /></p>
[QUOTE="Ed Zak, post: 29664, member: 824"]Remember in the late 1970's when the Hunt Brothers out of Texas were trying to corner the silver market? They had a good run...then BOOM, silver fell from over $50 per ounce to levels below $10 an ounce. I remember those days because the local pawn shop had full page advertisements that stated, will pay you 2000% face value for pre-1964 dimes, quarters, half dollars and dollars...then 2500%, then 3000%, and up and up! I was a paper boy and through two plus years of collecting money, I saved rolls of common date silver coins (1960 to 1964) really worth nothing until silver started taking off. When the pawn shop ad hit 4000% payoff, I took in my rolls of qaurters and dimes (I didn't see halfs or dollars as I collected money door to door), and cashed out. Wow...they gave me $4 for a dime and $10 for a quarter. I thought I was rich! I bought a brand-new top of the line Schwin bicycle, felt on top of the world, and had extra cash in my pocket. My Dad told I was nuts becuase silver was going higher and it did...but not for long, for soon after that silver market came crashing down. Could it happen again?...maybe, but it would take lots of searching and serious dollars...maybe more so than the actual coins may be worth after they get acquired.[/QUOTE]
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cornering the coin market
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