Now I didn't say that I was 100% right...I said to the fact of what my thoughts were on this topic...everyone can have their own idea...you can have yours and I can have mine...lets agree to disagree. I think silver will go higher and it will go lower...like all coins...the market must come down at some point...I don't think there has ever been a time when the market has been on the up that it hasn't come down at some time...most of the time it is lower longer than it is up. When the market is on the up I think silver will be on the up...but I also think the market will fall...and soon...and when it does...silver and such will to. Remember...this is my idea...you can diagree all you want ;--) Speedy
That's okay Speedy. I'm just going by some long time observations, not really trying to convince anyone of anything. I happen to own a 1965 Handbook of United States Coins. Just to toss out a couple of examples, the 1916-d Mercury dime is listed at $105 in fine condition. The 1893-s Morgan is listed at $750 in uncirculated condition; one of the most expensive coins in the book! Most of the Morgan and Peace dollars are listed at, you guessed it, $1 in fine condition. Inflation grinds slowly but it grinds surely in one direction over long periods of time. Some collectors probably thought those prices were excessive and are still waiting for the pullback to get the coin they want at a more reasonable price. It won't happen overnight, but 30 years from now today's prices might look like a bargain. There is no guarantee but I think it's a reasonable expectation.
Neat...I also have a Red Book and it list all Franklin in F at $11-$12 each...now that is a class 1 showing of how coins go up and then they come back down... Now if we are talking about Key Dates like the 16-d and 93-s then for the most part I would agree with you...I thought we were talking about is silver and ASE were going to go up... Speedy
If you want to stick to silver, common date Morgans are pretty closely tied to the price of silver. I also believe silver was about $1.30 per ounce in the 1960's. Like all commodities, it bounces around a lot and you can get hurt buying into a mania, but inflation all but guarantees that future prices will be higher. I wish I knew then what I know now, but the long term effects of inflation seem to be one of those things that must be experienced to fully comprehend. I would guess that the older the collector, the more they understand this. But it isn't really necessary to believe it because as long as you are a collector, you will be protected from inflation even though it isn't your intention. Coins have been an excellect way to preserve capital.
