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<p>[QUOTE=&quot;Collector1966, post: 1173214, member: 17919&quot;]First of all, congratulations on your nice coin-- it does look like a very nice $1 Type 1.</p><p><br /></p><p>As for the price of gold and silver, one thing you should bear in mind is that the silver in the silver dollar in the 1880s was worth much less than the face value. As a result of the Comstock Lode and other Western silver bonanzas, which were producing silver at a rate that was far higher than the old 16:1 ratio, the price of silver had been declining precipitously. You can get a fairly good idea of that from this chart:</p><p><br /></p><p><a href="http://www.sharelynx.com/chartsfixed/600yearsilvera.gif" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.sharelynx.com/chartsfixed/600yearsilvera.gif" rel="nofollow">http://www.sharelynx.com/chartsfixed/600yearsilvera.gif</a>[/QUOTE]</p><p><br /></p>

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