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<p>[QUOTE=&quot;medoraman, post: 1032599, member: 26302&quot;]I never said PM prices do not discourage new collectors or that it does not harm coin collecting. I was talking about existing collectors and the habit they have of cashing in PM profits and reinvesting in rare coins, sometimes irrationally. I am referring specifically to what happened in 1980. I was a kid then so know full well how any silver coin was mostly out of my reach until silver crashed. I also know that nice key dates started rising because of PM sales. Numismatic items take much longer to come back down, but the problem today is that some numismatics items were coming down as PM were goin up, so its hard to see what is happening separately. In the 80&#039;s it was easy, numismatic coins went up with PM, (though not as fast), but then took 5 years to come down, (unlike PM). Large PM upswings, like today, I believe will have an affect on the coin market, one that will take a while to sort out after PM&#039;s come down.[/QUOTE]</p><p><br /></p>

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