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<p>[QUOTE=&quot;iPen, post: 2313300, member: 69760&quot;]I&#039;m not a bullion collector, at least not in the strict sense. I collect new 1 oz silver coins released by various countries, but I buy coins for their aesthetics. Bullion coins will be heavily affected by silver prices, but I&#039;d argue that non-cull coins such as Morgans and Peace Dollar prices are affected by noticeable changes in silver prices, too. Although I don&#039;t fill albums with each year of a given coin type&#039;s series, many people do. I suspect that these aren&#039;t all &quot;high&quot; grade coins, and if people get hyped on rising silver prices, auction bids should reflect that. Sometimes I wonder why people bid so much, and why they engage in a bid war; however, I have to remind myself that people aren&#039;t all rational and the act of bidding can stimulate irrationality.[/QUOTE]</p><p><br /></p>

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