Found old Coin Prices from Jan 1980
Vetter
Posts: 961 ✭✭✭✭✭
Just uncovered this old Coin Prices from Jan 1980 and looking at the prices just boggles the mind. All the key dates were so low compared to the common coins. I feel the gap has widened over the years.
Members I have done business with:
Silverman68, jfoot13, GAB, ricman, Smittys, scrapman1077, RyGuy, Connecticoin, Meltdown, VikingDude, Peaceman, Patches and more.
Silverman68, jfoot13, GAB, ricman, Smittys, scrapman1077, RyGuy, Connecticoin, Meltdown, VikingDude, Peaceman, Patches and more.
6
Comments
$1.25 issue price, nice to see that 👍
Back in 1982..i was buying MS65 Morgans for $99 each from David Hall...he would guarantee to grade MS65 at ANACS...i sent a few in...all came back MS65....Coin World was full of over graded coins at low prices! I found dealing with PNG members were the best bet....BU rolls were a big item advertised...even greysheet had pricing....Those were the days!
Image if instead of purchasing $99. back in the early 1980s you bought Bitcoin instead or even invested in Apple or Meta.
You'd be super wealthy.
No bitcoin in 1980.
You could have bought any blue chip stock and done better by a LOT.
All comments reflect the opinion of the author, even when irrefutably accurate.
Bitcoin probably available on the deep, dark web.
You just gotta know where to look.
Lol. Not in the 1980s. It hadn't been invented yet. Satoshi published his paper in 2008
All comments reflect the opinion of the author, even when irrefutably accurate.
We will have to agree to disagree.
Hmmm...is CoinPop actually the mysterious Satoshi?
All comments reflect the opinion of the author, even when irrefutably accurate.
Good finds there umm never mind, just a story I heard
Send him a PM. I am sure he will respond to you.
How about we all agree that you are wrong, which is the correct answer.
Sheeesh
About we all agree your post is 40% rude and 40% unnecessary and 30% inaccurate.
Not to mention 82.6% accurate as well as 100% incorrectly punctuated and 13.7% late.
All comments reflect the opinion of the author, even when irrefutably accurate.
You are close to 90% correct and thus I agree with you almost 2/3'rds.
There was no bitcoin or Meta in the 1980s. The first e-commerce transaction wasn’t until 1994. And Apple almost went bankrupt in the 1990s.
@Vetter Thanks for posting the Morgan page. Any chance you can post the Peace page?
Yes, the gap between key date and common coins has widened greatly over the years, and too much so in my opinion. The reason is that the “investment experts” advised their clients to buy only the key dates and ignore the rest. That has caused distortions in the market.
Also the criteria from “MS-65” has been a moving target. Back in the early 1980s, it was a Morgan Dollar with a pretty clean cheek. The rest was sort of ignored. ANACS grading, which was represented by paper certificates, not slabs, was also a moving target. Sometimes it was very strict. Other times it got loose.
The papers had dates on them then which told when the grades had been assigned. ANACS lost its place in the market when a bifurcated market developed. Papers with dates before a certain time were worth more than papers which were dated later. There were ads in the trade publications which divided their offers that way.
Slabs came in to prevent coin switching. Some people couldn’t tell if the coin pictured on the papers was the same one they were offered. Slab graders also dropped the practice of dating their products. Now it’s less precise with slab labels, thickness and styles.
I’m sure if someone ran enough 8086 processors in parallel they could do blockchain mining in 1980 😂
Back to the OP; it’s always fun to look at old price guides and imagine what if….but then you realize what the average person was making at the time, etc.
Here you go
Silverman68, jfoot13, GAB, ricman, Smittys, scrapman1077, RyGuy, Connecticoin, Meltdown, VikingDude, Peaceman, Patches and more.
Thank you!
The job would probably be finishing right around 2008....
All comments reflect the opinion of the author, even when irrefutably accurate.
My 1200 baud modem would probably still be downloading that file using my Compuserve account but I had to shut it off when I moved in the 80's...
I guess they could have used an IBM 360, if they had enough punch cards…
I would go for the gold coins. Show the page from your mag for them. Slabbing came around in 86 so if picked out nice, PQ pieces….Get them slabbed in 86 or so -Then retail it b4 the mkt crash.