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Why is Morgan Dollar numismatic value dropping?
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<p>[QUOTE="GoldFinger1969, post: 4038057, member: 73489"]Doug, I agree entirely with your post. I think the reason why we haven't seen price moves play out like you imply they should is because we've ALWAYS either had a coin bubble or a big move in gold in progress...OR...we've been burning off the excess from one or the other.</p><p><br /></p><p>At least since the 1970's. I think the coin hobby was less volatile before the 1970's. The underlying metals prices were static and numismatic values reflected gradually increasing supply and gradually increasing demand.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4038057, member: 73489"]Doug, I agree entirely with your post. I think the reason why we haven't seen price moves play out like you imply they should is because we've ALWAYS either had a coin bubble or a big move in gold in progress...OR...we've been burning off the excess from one or the other. At least since the 1970's. I think the coin hobby was less volatile before the 1970's. The underlying metals prices were static and numismatic values reflected gradually increasing supply and gradually increasing demand.[/QUOTE]
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Why is Morgan Dollar numismatic value dropping?
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