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shrinking dollar silver

piecesofmepiecesofme Posts: 6,669 ✭✭✭
in Precious Metals
Kind of a cool piece I thought, with apparently only 3000 made (how many have been melted?)
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To forgive is to free a prisoner, and to discover that prisoner was you.

Comments

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    I'm surprised people were talking about the shrinking dollar back in 1973. That was years before the inflation of the late 70s really took off.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>I'm surprised people were talking about the shrinking dollar back in 1973. That was years before the inflation of the late 70s really took off. >>




    But just 2 years after Nixon slammed the gold standard. Im not surprised at all that some forward thinkers would accurately predict what taking our currency off gold would eventually do. They were spot on. image
  • 1jester1jester Posts: 8,637 ✭✭✭
    image

    image

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I'm surprised people were talking about the shrinking dollar back in 1973. That was years before the inflation of the late 70s really took off

    But just 2 years after Nixon slammed the gold standard. Im not surprised at all that some forward thinkers would accurately predict what taking our currency off gold would eventually do. They were spot on

    Maybe jmski52 was working for the company way back in '73 and "knew it would happen"...at some point image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • 1970SilverArt1970SilverArt Posts: 482 ✭


    << <i>Kind of a cool piece I thought, with apparently only 3000 made (how many have been melted?)
    image
    image >>



    That is a very good find IMO. The most up to date mintage number for this silver art bar is 1000 according to the 2009 Archie Kidd silver art bar price guide. Those are hard to find locally. The Garden State Mint also minted a couple of silver art bars that have an "Energy Crisis" theme to it.

    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • CaptHenwayCaptHenway Posts: 32,316 ✭✭✭✭✭
    I do not recall ever seeing either of those.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • 1970SilverArt1970SilverArt Posts: 482 ✭


    << <i>image

    image

    imageimageimage >>



    There are also 3 other silver art bars (Phase 2, Phase 3, and Phase 4) to complete the set which was minted in 1973.
    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • derrybderryb Posts: 37,103 ✭✭✭✭✭


    << <i>I'm surprised people were talking about the shrinking dollar back in 1973. That was years before the inflation of the late 70s really took off. >>


    Price inflation is not the cause of a shrinking dollar, it is the result of a shrinking dollar. The dollar shrinks when more of them are created.

    Creating more dollars is an easy way to pay for government expenditures

    Repetition of ignorance is ignorance raised to the power two.

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    1970SilverArt,
    thank you for the info. on the bar, I appreciate that. Definitely a keeper even more so now knowing that.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • MeltdownMeltdown Posts: 8,849 ✭✭✭✭✭
    I've got the set of them...
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    image

    Click on this link to see my ebay listings.

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Is that supposed to be Elivs on phase 2? LOL btw, very nice set Meltdown.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • 1970SilverArt1970SilverArt Posts: 482 ✭


    << <i>1970SilverArt,
    thank you for the info. on the bar, I appreciate that. Definitely a keeper even more so now knowing that. >>



    You are welcome. image

    I love collecting silver art bars. It is my favorite hobby. It is very interesting to see silver art bars that old that depict themes of particular events and topics.

    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • 1jester1jester Posts: 8,637 ✭✭✭
    Very cool that you have the whole set, Meltdown. If you ever consider unloading them, please keep me in mind. image

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
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