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<p>[QUOTE="johnmilton, post: 8459563, member: 101855"]Indian and Lincoln Cents were <b>“the coins” </b>in the mid 1960’s. I know because I was collecting them in Fine or better condition when I was in high school. Gold was viewed as a “safe investment” without a great future. </p><p><br /></p><p>The Indian Cent market collapsed in the early 1970s. I lost my shirt on my complete set when I sold it for $390 plus a 1964 Proof set. I had $1,200 in it. </p><p><br /></p><p>My gold type set was worth far more than i paid for it. The full strapping retail price for a $20 gold piece was $75. Most of them (usually chopped up) sold for $49.95. Five and ten dollar gold pieces sold in the $35 to $45 range. You paid the high level of that range for “Select Unc.” pieces, which I almost always did. That paid dividends because when I had those coins graded, they came back in MS-64, sometimes 65. Most “Gem Uncirculated” coins didn’t bring the big premiums in those days.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 8459563, member: 101855"]Indian and Lincoln Cents were [B]“the coins” [/B]in the mid 1960’s. I know because I was collecting them in Fine or better condition when I was in high school. Gold was viewed as a “safe investment” without a great future. The Indian Cent market collapsed in the early 1970s. I lost my shirt on my complete set when I sold it for $390 plus a 1964 Proof set. I had $1,200 in it. My gold type set was worth far more than i paid for it. The full strapping retail price for a $20 gold piece was $75. Most of them (usually chopped up) sold for $49.95. Five and ten dollar gold pieces sold in the $35 to $45 range. You paid the high level of that range for “Select Unc.” pieces, which I almost always did. That paid dividends because when I had those coins graded, they came back in MS-64, sometimes 65. Most “Gem Uncirculated” coins didn’t bring the big premiums in those days.[/QUOTE]
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