Do you really want inflation-adjusted-to-1980-silver-prices?
lsica
Posts: 1,747 ✭✭✭✭
Yeah I know "only" $50, but that's around $200 inflation adjusted to today
And with that we got:
- A huge cliff for it to faaaaaaaaallll from
- Choice (and even some Gem) Morgans and Peace thrown into the fire
- Anything that wasn't a key date, or a semi-key in AT LEAST a higher circ grade also chucked into a cauldron
Now it doesn't seem that this most recent run has anything to do with the "help" of a single buyer like the Hunt Hermanos like it was back then, so that's good. Just don't get too nostalgic for those days.
Philately will get you nowhere....
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Yeah, in real dollars, it cannot crash as much as it did in 1980.
There will likely be a gigantic drop within a few years. Use it as a buying opportunity. Everyone will sell on the way down and it will come back. Every selloff will be met with less and less physical silver. If we can't save Gem common date Morgans then save the better dates and higher grades.
We have a job to do but every year the job will shrink, Just get out there and buy nice coins and pay for them with junk. When the price crashes sell the good stuff and buy the junk back. Volatility can be a good thing in the hobby.
Even at $200, the supply of melt candidate higher quality US coinage is so large it should mostly not even be noticeable. That's predominantly common Morgan and Peace dollars and mostly post 1933 dates from 60's circulating designs.
Average to lower quality circulated silver Barbers and 60's circulating designs too but these are also common to really common. If the lower and lowest quality Barber coinage is mostly melted, it's no different than what exists right now with many non-US silver coins now. With average to lower circulated quality pre-1934 date 60's circulating designs, it will take a lot of melting to make it anything other than very common.
The biggest likely impact is on affordability where many lower budget collectors will be priced out of sets they can currently more easily afford. Or collecting interest declines due to the relative value proposition.
Another thing we might get is people getting priced out of silver sets and moving to moderns. Perhaps this is already happening as its months since silver crossed $30.
sure 200. any crash won't be from a scheme to corner the market so it may not crash as hard
Yup $200 gutter metal? Would be fine by me. THKS!
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Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
There will be no noticeable shift to US moderns due to the increase in the silver spot price. They would already be buying it if they actually wanted it since it's proportionately much cheaper.