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did i sound like a crook because i told the truth?
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<p>[QUOTE="19Lyds, post: 1103602, member: 15929"]"Realistically" speaking, 5 minutes of research in the 80's would have netted exactly zero results. </p><p>The internet did not exist and determining market value was not a simple thing for an unknowledgeable individual.</p><p> </p><p>Additionally, the Silver Eagle design was a VAST departure from current US Mint offerings in that it represented the first time ever that the US Mint had reused a design from a circulating coin. The Walking Liberty Half, in the 80's, was an extremely popular coin and there was a LOT of press regarding the Silver Eagles and there respective futures. I don't think folks really figured that the program would last as long as it did.</p><p> </p><p>When these were issued, I went out and purchased 5 coins at, I believe, $7.50 each which, at the time, was an outrageous price. But what the hell did I know. Thats what the shop was selling them for, I'd read the hype, and I wanted them. (Speculation was NOT in the picture)</p><p> </p><p>Additionall, PCGS started in Feb 1986 and was really being pushed hard. PCGS Slabbed coins were brining good value and I can understand how the combination of PCGS and the new SAE's could directly impact an unknowledgeable individuals decision to purchase.</p><p> </p><p>Yes its sad that this fella got taken as those prices seem a bit ridiculous. But then, ask yourself, how common were MS69/PR69 coins (1 point below perfect) at the time?</p><p> </p><p>I'm certainly not making any judgments but before folks are so quick to condemn, the situation of the times need to be understood.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1103602, member: 15929"]"Realistically" speaking, 5 minutes of research in the 80's would have netted exactly zero results. The internet did not exist and determining market value was not a simple thing for an unknowledgeable individual. Additionally, the Silver Eagle design was a VAST departure from current US Mint offerings in that it represented the first time ever that the US Mint had reused a design from a circulating coin. The Walking Liberty Half, in the 80's, was an extremely popular coin and there was a LOT of press regarding the Silver Eagles and there respective futures. I don't think folks really figured that the program would last as long as it did. When these were issued, I went out and purchased 5 coins at, I believe, $7.50 each which, at the time, was an outrageous price. But what the hell did I know. Thats what the shop was selling them for, I'd read the hype, and I wanted them. (Speculation was NOT in the picture) Additionall, PCGS started in Feb 1986 and was really being pushed hard. PCGS Slabbed coins were brining good value and I can understand how the combination of PCGS and the new SAE's could directly impact an unknowledgeable individuals decision to purchase. Yes its sad that this fella got taken as those prices seem a bit ridiculous. But then, ask yourself, how common were MS69/PR69 coins (1 point below perfect) at the time? I'm certainly not making any judgments but before folks are so quick to condemn, the situation of the times need to be understood.[/QUOTE]
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did i sound like a crook because i told the truth?
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