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<p>[QUOTE=&quot;medoraman, post: 1581000, member: 26302&quot;]Lol, you are telling me to study coins? Sir, I do not believe you understand how long I have done so, and how many publications I own that enables me to do just that.&nbsp; How long have YOU been studying coins? How large is YOUR library on coins?</p><p><br /></p><p>I have coin catalogs from the 50&#039;s listing high grade sestertii for $2, and high grade Republican denari for $1. The sestertii have gone up at a much faster rate than the denari have, so just that observation off the top of my head disproves your &quot;proof&quot;. </p><p><br /></p><p>Yes, for common date and condition, (meaning numismatically unwanted), coins with PM have gone up more due to the recent spike in the PM market. This same argument COULD NOT have been made 20 years ago. So, is today&#039;s market &quot;right&quot; or not? IDK, but then no one else does either. Basically the copper coins from 20 years ago are still &quot;numismatic&quot; items, meaning their price is only determined by coin collectors. PM coins are now bullion. </p><p><br /></p><p>How does that argument, though, support your theory silver and gold coins have gone up more than copper coins? Look at rarities. Has a rare gold coin gone up higher percentage wise than rare non-gold coins? Not in the ancients field it hasn&#039;t. I would say not in US either. True, there are reported very high prices nowadays, but if you go back to the price base, its not any greater percentage appreciation.</p><p><br /></p><p>Off the top of my head, a nice clean G Chain cent used to be $1000 20 years ago, today its $10,000. A nice clean G 01s quarter was the same $1000 bill, and today its $10,000. To me, they are about the same. Yes, you could always melt the 01s quarter and destroy a $10,000 coin to get your $7. Do you really think that has much relevance? (Btw round numbers guys, please don&#039;t beat me up over &quot;today X is listed at $11,200......)</p><p><br /></p><p>Scarcity and Collector demand drives numismatic value. Yes, if silver goes up more and more coins are no longer numismatic coins, they are now bullion, but that is more of a bullion argument. If you wish to argue gold coins that are at not much of a premium to melt value MAY have an upside potential due to gold prices, I won&#039;t argue. That is not what I read you write, though.</p><p><br /></p><p>Sorry if I sound grumpy, but I have spent more than 3 decades of my life reading about this very topic. I can recite numerous references concerning gold, silver, and copper valuations throughout history, and effects of currency debasement to markets, politics, and history. Plus the &quot;Hon&quot; thing honked me off. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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