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where were you when the coin market topped ?
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<p>[QUOTE="kanga, post: 916239, member: 9270"]The "monster" I remember occurred in 1980.</p><p>It was caused in part by the Hunt brothers and their attempt to corner the silver market.</p><p>In early 1980 (March?) silver topped $50/oz.</p><p>The coin market was soaring right along with this.</p><p>Then in one week (or less) the bottom fell out and silver ended up at about $10/oz.</p><p>I had been back into coins for almost 10 years at that point.</p><p>I quickly departed numismatics and went back to philatelics.</p><p> </p><p>I didn't return to coins until about 1991, so I missed the 1989 "bump".</p><p>So I don't know about the grief it caused the market.</p><p>But I had a bit of catching-up to do.</p><p>Everyone was talking about "slabs" and I had no idea what they were.</p><p>I finally caught on.</p><p>Since then I've been using most of my personal disposable income on coins.[/QUOTE]</p><p><br /></p>
[QUOTE="kanga, post: 916239, member: 9270"]The "monster" I remember occurred in 1980. It was caused in part by the Hunt brothers and their attempt to corner the silver market. In early 1980 (March?) silver topped $50/oz. The coin market was soaring right along with this. Then in one week (or less) the bottom fell out and silver ended up at about $10/oz. I had been back into coins for almost 10 years at that point. I quickly departed numismatics and went back to philatelics. I didn't return to coins until about 1991, so I missed the 1989 "bump". So I don't know about the grief it caused the market. But I had a bit of catching-up to do. Everyone was talking about "slabs" and I had no idea what they were. I finally caught on. Since then I've been using most of my personal disposable income on coins.[/QUOTE]
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