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<p>[QUOTE=&quot;johnmilton, post: 26407906, member: 101855&quot;]Yes, high bullion prices are locking a lot of collectors out of the market, and they are contributing to melting, which is reducing the number of potential collector pieces available in the future.</p><p><br /></p><p>When I was starting to collect a gold type set in the 1960s, the high retail price for a $20 gold piece was $75. That got you a genuine coin (important in those days because the counterfeits from the mid East were common.) in MS-64 or even 65. Of course that assumes you were buying from an honest, knowledgeable dealer. </p><p><br /></p><p>Today it&#039;s got to be a bit north of $3,700. Even if you use the &quot;10 % rule&quot; that means that in 1960s dollars, a double eagle would cost over $370. Back then, i could not have afforded that price. I&#039;m sure that many collectors can&#039;t afford to pay $3,700 +.</p><p><br /></p><p>High bullion prices are ruining the coin collecting hobby.[/QUOTE]</p><p><br /></p>

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