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<p>[QUOTE="GDJMSP, post: 86875, member: 112"]You're right - it is easy to see what happened, but it was the '80s not the '70s. One of the best ways is to look at an old copy of <i>Coin World</i> and check the ads during the peak. Another is to just to talk to folks who lived through it. </p><p><br /></p><p>But just to give you an easy example - many of what we consider as common date Morgan dollars were selling in the $1000 - $1500 range - each. Today they sell for maybe $300, if you're lucky. Another way is to look at the PCGS 3000 Index - after almost 5 yrs of a bullish coin market with record high prices that most collectors can't even remember ever seeing - it's still down 65% below the all time high in May of 1989. When people think of losses like that - they don't much like to think about "investing" in coins.</p><p><br /></p><p>Something else to remember - for every sale there is buyer. You can't have one without the other. So there are still plenty of folks out there who are patiently waiting to recoup their "investments" in coins and precious metals. They'll likely be waiting for some time to come - it's only taken 16 years to get back 1/3 of their money so far.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 86875, member: 112"]You're right - it is easy to see what happened, but it was the '80s not the '70s. One of the best ways is to look at an old copy of [I]Coin World[/I] and check the ads during the peak. Another is to just to talk to folks who lived through it. But just to give you an easy example - many of what we consider as common date Morgan dollars were selling in the $1000 - $1500 range - each. Today they sell for maybe $300, if you're lucky. Another way is to look at the PCGS 3000 Index - after almost 5 yrs of a bullish coin market with record high prices that most collectors can't even remember ever seeing - it's still down 65% below the all time high in May of 1989. When people think of losses like that - they don't much like to think about "investing" in coins. Something else to remember - for every sale there is buyer. You can't have one without the other. So there are still plenty of folks out there who are patiently waiting to recoup their "investments" in coins and precious metals. They'll likely be waiting for some time to come - it's only taken 16 years to get back 1/3 of their money so far.[/QUOTE]
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