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<p>[QUOTE=&quot;johnmilton, post: 26217830, member: 101855&quot;]His comment about the 1980 market melt down was interesting.</p><p><br /></p><p>The trouble was the speculators drove the prices to the moon which forced out most of the collectors. There was a Grey Sheet at the time. Dealers thought they were getting &quot;a deal&quot; if they could buy something for &quot;only&quot; three time &quot;bid.&quot; </p><p><br /></p><p>All they ended up doing was trading among themselves. When the merry-go-round stopped, the collectors were out at those price levels, and the market dropped like a stone. The speculators were wiped out in short order. If they had borrowed money to pay for what they had in stock, they went broke very quickly.</p><p><br /></p><p>During that period I collected a set of Two Cent Pieces in EF (Sharp &quot;WE&quot; in the motto) to take care of my collecting &quot;addiction.&quot; The speculators didn&#039;t want those coins, because they thought all copper coins were going to turn green and any coin that could not be called &quot;Gem Unc.&quot; was junk.[/QUOTE]</p><p><br /></p>

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