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<p>[QUOTE="Juan Blanco, post: 1566259, member: 41665"]To deny any sense of trend or outlook formed in the last decade or so, you cannot compare 'how it was in the 1980s' with how it is today. Those are two TOTALLY DIFFERENT worlds. I don't see trend changing anytime soon - things certainly aren't going back to the way they were in 1989. Or 1999. Before the age of the internet, people had generally very poor access to information. A retired market maker for Johnson-Matthey & the Bank of England told me that back in the mid-1970s, there were only a dozen or so experts alive who actually KNEW what the Price of Oil was at any given moment. I was shocked to hear that. As you well know, that sort of 'knowledge' is instantaneous and almost universal today: we can <i>barely imagine </i>it was not always so. </p><p><br /></p><p>Likewise, data-access to all kinds of other niche markets has exploded across our screens & consciousness. Simply put: people can <i>know </i>what things cost, in real time. eBay blasted apart the coin dealers' mystification - now you CAN find out what it's worth on the world mkt. And it's not just retail collectibles - global commodities are sold retail at the thinnest margins in history. Consider that in the 1800's, refined Platinum typically cost 60-150% over Spot, often higher; in 2010 you could buy 10 oz. in Boston for 1% premium over Spot. That kind of 'retail discount' never happpened before, in the history of any currency. YES times really have changed, it is phenomenal. </p><p><br /></p><p>Algos can tell us where most collectible coin prices are heading, that really isn't rocket-science anymore. I am very curious at the suggestion that "a complete set of ASE are available at a minor premium over melt" - that tends to confirm my supposition that Modern US Silver Coin Value is actually racing towards scrap. But I doubt it, yet. What's a "minor premium" anyway?[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1566259, member: 41665"]To deny any sense of trend or outlook formed in the last decade or so, you cannot compare 'how it was in the 1980s' with how it is today. Those are two TOTALLY DIFFERENT worlds. I don't see trend changing anytime soon - things certainly aren't going back to the way they were in 1989. Or 1999. Before the age of the internet, people had generally very poor access to information. A retired market maker for Johnson-Matthey & the Bank of England told me that back in the mid-1970s, there were only a dozen or so experts alive who actually KNEW what the Price of Oil was at any given moment. I was shocked to hear that. As you well know, that sort of 'knowledge' is instantaneous and almost universal today: we can [I]barely imagine [/I]it was not always so. Likewise, data-access to all kinds of other niche markets has exploded across our screens & consciousness. Simply put: people can [I]know [/I]what things cost, in real time. eBay blasted apart the coin dealers' mystification - now you CAN find out what it's worth on the world mkt. And it's not just retail collectibles - global commodities are sold retail at the thinnest margins in history. Consider that in the 1800's, refined Platinum typically cost 60-150% over Spot, often higher; in 2010 you could buy 10 oz. in Boston for 1% premium over Spot. That kind of 'retail discount' never happpened before, in the history of any currency. YES times really have changed, it is phenomenal. Algos can tell us where most collectible coin prices are heading, that really isn't rocket-science anymore. I am very curious at the suggestion that "a complete set of ASE are available at a minor premium over melt" - that tends to confirm my supposition that Modern US Silver Coin Value is actually racing towards scrap. But I doubt it, yet. What's a "minor premium" anyway?[/QUOTE]
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