The Crystal Ball: Numismatic Scrapbook, Jan 1965
PhillyJoe
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"Our advertisers peer into the furture - here are their predictions":
"The unpopular series will become more important especially the Bust and Liberty Seated series. We anticipate reduced interest in speculative items and an upswing in gold coins." - Stack's
"Well, it finally happened, the bubble has burst, the teletype, false pricing and inflation have left their mark." - Mel Came
"Where to from here? The market as a whole is as sound as it ever was. The ever widening collector base results in more buyers for every rare coin which comes on the market." - Q. David Bowers, Empire Coin Co.
"Though 1964 was an exciting year for numismatics, 1965 promises to be equally eventful. The release of the new silver dollars - the first in 30 years - should start the collector's year with a bang. With the recent death of former President Hoover, it is probable to assume he will be memorialized on our coinage. Since the Washington quarter will be in its 33rd year and the Jefferson nickel in its 27th, it is likely that one of these coins will be chosen to carry President Hoover's likeness. Who knows, Congress may decide to use the 1965 silver dollar as the "Hoover Dollar" - The Red Top Co.
"I believe that with the date freeze on U.S. coinage and the elimination of proof sets, collectors will turn to foreign coins" - Robert Estis
"Interest in coins remains at a high level. However, prices advanced during the 1962-63 period too much with the advent of the teletype and fast trading. The U.S. market needs a period of rest from price rises so that every collector can catch up to the price structure." - Gerald Zaid
"After the new Peace Dollar is released, the dollars will dominate the scene and it seems only logic that the Peace Dollar set must go to $1500 - taking the Morgans along with the upsurge." - Coins & Currency, Inc.
"Kennedy half dollars will go to $100. in circulated condition, 1965 proof sets will reach $1000. by April" - Central Coin Mart, Leonard Stark
""Numismatic 1965 will be a year of "ifs" - if silver dollars are coined, if silver coins are discontinued, if coins will be minted with a 1965 date, if our governmant continues to make the coin collector the fall guy for all of the coin mistakes that have or will be made." - John Slusher
Page after page, this is great reading and a treat to look back. Guess the Hoover idea didn't get too far.
Joe
"The unpopular series will become more important especially the Bust and Liberty Seated series. We anticipate reduced interest in speculative items and an upswing in gold coins." - Stack's
"Well, it finally happened, the bubble has burst, the teletype, false pricing and inflation have left their mark." - Mel Came
"Where to from here? The market as a whole is as sound as it ever was. The ever widening collector base results in more buyers for every rare coin which comes on the market." - Q. David Bowers, Empire Coin Co.
"Though 1964 was an exciting year for numismatics, 1965 promises to be equally eventful. The release of the new silver dollars - the first in 30 years - should start the collector's year with a bang. With the recent death of former President Hoover, it is probable to assume he will be memorialized on our coinage. Since the Washington quarter will be in its 33rd year and the Jefferson nickel in its 27th, it is likely that one of these coins will be chosen to carry President Hoover's likeness. Who knows, Congress may decide to use the 1965 silver dollar as the "Hoover Dollar" - The Red Top Co.
"I believe that with the date freeze on U.S. coinage and the elimination of proof sets, collectors will turn to foreign coins" - Robert Estis
"Interest in coins remains at a high level. However, prices advanced during the 1962-63 period too much with the advent of the teletype and fast trading. The U.S. market needs a period of rest from price rises so that every collector can catch up to the price structure." - Gerald Zaid
"After the new Peace Dollar is released, the dollars will dominate the scene and it seems only logic that the Peace Dollar set must go to $1500 - taking the Morgans along with the upsurge." - Coins & Currency, Inc.
"Kennedy half dollars will go to $100. in circulated condition, 1965 proof sets will reach $1000. by April" - Central Coin Mart, Leonard Stark
""Numismatic 1965 will be a year of "ifs" - if silver dollars are coined, if silver coins are discontinued, if coins will be minted with a 1965 date, if our governmant continues to make the coin collector the fall guy for all of the coin mistakes that have or will be made." - John Slusher
Page after page, this is great reading and a treat to look back. Guess the Hoover idea didn't get too far.
Joe
The Philadelphia Mint: making coins since 1792. We make money by making money. Now in our 225th year thanks to no competition. 
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Dennis
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"Though 1964 was an exciting year for numismatics, 1965 promises to be equally eventful. The release of the new silver dollars - the first in 30 years - should start the collector's year with a bang. With the recent death of former President Hoover, it is probable to assume he will be memorialized on our coinage. Since the Washington quarter will be in its 33rd year and the Jefferson nickel in its 27th, it is likely that one of these coins will be chosen to carry President Hoover's likeness. Who knows, Congress may decide to use the 1965 silver dollar as the "Hoover Dollar" - The Red Top Co.
Those folks probably went out of business in 1965. They couldn't get anything right. Hoover dollar? What a ridiculous notion. (Oh, yeah, we'll have one in several years
<< <i>The coin market had peaked in May of 1964 and would head down sharply for several years. My recollection is that 1966 was particularly bad. The population of collectors would drop sharply for several years. The golden age of widespread coin collecting was over. >>
There was so much speculation in the coin market at the time that the bubble couldn't last. Rolls of common date coins were trading at ever increasing prices, and when the market fell a lot of people were left "holding the bag." The same occurred north of the border. One of my favorite dealers said he bought a $600 bag of Canadian cents during the speculative spending spree, and he said he'd sell it to me for $600 (US) if he could ever find it (in 2002).
Obscurum per obscurius