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I originally purchased this Morgan back in the sixties for $1.00 and sold it for $44.00 yesterday
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<p>[QUOTE="Clawcoins, post: 2605281, member: 77814"]Don't forget to include in your calculation how the US Gov't removes old money from circulation, how Brinks may (etc, in another thread) remove silver coinage from recirculating. </p><p>Vending machines helped pushed standard coinage in circulation (ie, remove the old stuff), and your CoinStar machines removing money into the junk bin.</p><p><br /></p><p>There's nothing that prevents, nor prevented the mint from creating coinage the size of IHC other than they were still basing valuation on PMs. They *could* still make IHC .. could, but they don't.</p><p><br /></p><p>These "laws" also tend to exclude manufacturing costs.</p><p>If you make something and sell it for less than your manufacturing costs ... well, you won't be doing so good financially. This is why the Shilling reduced PMs in the first place thus causing the PM based valuation differentiation.</p><p><br /></p><p>You *should* be able to use a ASE as ONE Dollar. It states it right on the coin. You Can take it to the bank and received One Dollar for it.</p><p>Recall the threads of convenience stores getting old coinage used for face value. It still have face value to some people.</p><p><br /></p><p>And then you have the collectors of coinage, which the "law" actually also may ellude to, which is more of a modern past time. Think of all the penny collectors out there .. then maybe, possibly correlate some of it to old pennies being reduced in circulation.</p><p><br /></p><p>Does that "law" include these modern situations. </p><p>Or is it a tad outdated ?[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 2605281, member: 77814"]Don't forget to include in your calculation how the US Gov't removes old money from circulation, how Brinks may (etc, in another thread) remove silver coinage from recirculating. Vending machines helped pushed standard coinage in circulation (ie, remove the old stuff), and your CoinStar machines removing money into the junk bin. There's nothing that prevents, nor prevented the mint from creating coinage the size of IHC other than they were still basing valuation on PMs. They *could* still make IHC .. could, but they don't. These "laws" also tend to exclude manufacturing costs. If you make something and sell it for less than your manufacturing costs ... well, you won't be doing so good financially. This is why the Shilling reduced PMs in the first place thus causing the PM based valuation differentiation. You *should* be able to use a ASE as ONE Dollar. It states it right on the coin. You Can take it to the bank and received One Dollar for it. Recall the threads of convenience stores getting old coinage used for face value. It still have face value to some people. And then you have the collectors of coinage, which the "law" actually also may ellude to, which is more of a modern past time. Think of all the penny collectors out there .. then maybe, possibly correlate some of it to old pennies being reduced in circulation. Does that "law" include these modern situations. Or is it a tad outdated ?[/QUOTE]
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Coin Talk
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I originally purchased this Morgan back in the sixties for $1.00 and sold it for $44.00 yesterday
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