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<p>[QUOTE="Mikjo0, post: 199802, member: 3565"]The "melts" of 1982 had nothing to do with the Government but with the inflated price of silver in that year.</p><p>I was not a coin collector in those days but had a few rolls of silver quarters which I took to a local coin dealer and walked out with a few hundred dollars.I've never regretted it since I got a lot more than they would be worth today (probably):smile</p><p>Here's part of what happened:</p><p> In one case, the Hunt brothers -- Texas oilmen Nelson and William Hunt -- got in over their heads by trying to corner the market on silver. The run-up in prices, from less than $10 an ounce in mid-1979 to nearly $50 in early 1980, led people to sell heirlooms and melt down old silver quarters. But when the boom collapsed, the Hunt brothers ended up with about $1 billion in losses and charges of market manipulation by the Commodity Futures Trading Commission.[/QUOTE]</p><p><br /></p>
[QUOTE="Mikjo0, post: 199802, member: 3565"]The "melts" of 1982 had nothing to do with the Government but with the inflated price of silver in that year. I was not a coin collector in those days but had a few rolls of silver quarters which I took to a local coin dealer and walked out with a few hundred dollars.I've never regretted it since I got a lot more than they would be worth today (probably):smile Here's part of what happened: In one case, the Hunt brothers -- Texas oilmen Nelson and William Hunt -- got in over their heads by trying to corner the market on silver. The run-up in prices, from less than $10 an ounce in mid-1979 to nearly $50 in early 1980, led people to sell heirlooms and melt down old silver quarters. But when the boom collapsed, the Hunt brothers ended up with about $1 billion in losses and charges of market manipulation by the Commodity Futures Trading Commission.[/QUOTE]
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new additions to my collection of mercury dimes!
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