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<p>[QUOTE=&quot;Conder101, post: 1402657, member: 66&quot;]Doug got here first but he is absolutely correct the market was going crazy back then.&nbsp; An example I like to use is the 1881-S Morgan dollar in MS-65.&nbsp; This coin pretty much defines the idea of a common MS-65 Morgan.&nbsp; Even back in the early days of the population censuses there were close to 100K of them graded in 65.&nbsp; </p><p><br /></p><p>In the mid 70&#039;s they were a $10 coin.&nbsp; At the height of the 79/80 silver boom they were $35 to $40 and being melted because there weren&#039;t enough collectors that wanted them.&nbsp; By 1987 after two years of TPG&#039;s and collectibles being touted they were over $100.&nbsp; When the market peaked in Aug of 1989 they were approaching $1000 apiece.&nbsp; $1000 for a MS-65 1881-S Morgan dollar?&nbsp; After the market crashed they dropped as low as $30 to $40.&nbsp; It has only been in the last couple years that they have crawled back over the $100 mark and a large part of that is probably the fact that silver is much higher now than it was then and it has greatly raised the base material price of the coin.&nbsp; To a very large extent the prices of most coins are still well below where they were 23 years ago.</p><p><br /></p><p>Several of the slabs and certificates in my slab reference collection from back in the mid 80&#039;s have the current market value at the time of slabbing printed on them.&nbsp; One of them believe it or not actually guarantees a given rate of return!&nbsp; (Of course the service is out of business so good luck collecting on the guarantee.)&nbsp; The prices of the coins today are a fraction of what they were back when the slabs/certificates were produced.[/QUOTE]</p><p><br /></p>

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