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<p>[QUOTE="Vess1, post: 7995868, member: 13650"]After 10 years of inflation at the rate we’re going now?! I’d be pretty surprised to ever see them below issue price. </p><p><br /></p><p> Let’s go back exactly 10 years ago, what was the hot mint item? The 25th anniversary 5 coin ASE sets dropped at the end of October which included a reverse proof. These came in the nicest boxes the mint has EVER sent out. The boxes were thick, heavy with perfect thick acrylic finish. Also a white fabric to protect the box. The inside of the lids are padded velvet with treasury logo embossed. </p><p><br /></p><p> The coins were in capsules that didn’t move and didn’t pop open. Secured in another high quality solid frame that popped up and has magnets in the bottom so it could be used as a display. This was covered by another velvet pad and COA. This all came in a cardboard box that was in another slip cover to protect the main box. Five ASEs including all this packaging went on sale exactly 10 years ago for…… $300. And that was outrageously expensive at the time! People complained. Then they doubled in value and stayed there. Now granted. That was only a 100k mintage and was 5 coins. They’re still worth double issue. Silver was $30-$40/ oz back then! </p><p><br /></p><p> Fast forward to today and a single ASE proof in a junk cardboard box with silver at $24 is $83. I hate to break it to everybody but we aren’t far away from ASEs proofs being $100 a pop from the mint. You will likely see it within the next 10 years. People are paying $100-$150 on the aftermarket for them already. Ungraded.</p><p><br /></p><p> The point being, as time goes on, everything in the past seems cheaper and prices trend up as time goes on. Your dollar is losing buying power. If nothing else inflation alone will support the current sale prices of the Morgans going forward. Some people try to pretend it isn’t happening but you don’t have to search hard to see it. </p><p><br /></p><p>Very few things are still a good deal anymore. In 2000 gas was $1.33 all summer. Now at $3.50 nobody bats an eye. It’s not that we like it or it hasn’t been this high before. It’s the fact we’ve gotten used to it already and now we don’t even get upset about it. Suppose the next level for us is $5-$6 for everyone to lose their minds over for a while. Until we get used to that new level. </p><p><br /></p><p>Our local water/garbage bill was $85 a quarter in 2006. 13 years later it became $230 a quarter. That’s the minimum. What’ll it be in another 13 years? $600?[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 7995868, member: 13650"]After 10 years of inflation at the rate we’re going now?! I’d be pretty surprised to ever see them below issue price. Let’s go back exactly 10 years ago, what was the hot mint item? The 25th anniversary 5 coin ASE sets dropped at the end of October which included a reverse proof. These came in the nicest boxes the mint has EVER sent out. The boxes were thick, heavy with perfect thick acrylic finish. Also a white fabric to protect the box. The inside of the lids are padded velvet with treasury logo embossed. The coins were in capsules that didn’t move and didn’t pop open. Secured in another high quality solid frame that popped up and has magnets in the bottom so it could be used as a display. This was covered by another velvet pad and COA. This all came in a cardboard box that was in another slip cover to protect the main box. Five ASEs including all this packaging went on sale exactly 10 years ago for…… $300. And that was outrageously expensive at the time! People complained. Then they doubled in value and stayed there. Now granted. That was only a 100k mintage and was 5 coins. They’re still worth double issue. Silver was $30-$40/ oz back then! Fast forward to today and a single ASE proof in a junk cardboard box with silver at $24 is $83. I hate to break it to everybody but we aren’t far away from ASEs proofs being $100 a pop from the mint. You will likely see it within the next 10 years. People are paying $100-$150 on the aftermarket for them already. Ungraded. The point being, as time goes on, everything in the past seems cheaper and prices trend up as time goes on. Your dollar is losing buying power. If nothing else inflation alone will support the current sale prices of the Morgans going forward. Some people try to pretend it isn’t happening but you don’t have to search hard to see it. Very few things are still a good deal anymore. In 2000 gas was $1.33 all summer. Now at $3.50 nobody bats an eye. It’s not that we like it or it hasn’t been this high before. It’s the fact we’ve gotten used to it already and now we don’t even get upset about it. Suppose the next level for us is $5-$6 for everyone to lose their minds over for a while. Until we get used to that new level. Our local water/garbage bill was $85 a quarter in 2006. 13 years later it became $230 a quarter. That’s the minimum. What’ll it be in another 13 years? $600?[/QUOTE]
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