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 Replies: 16 / Views: 792 |
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Moderator
 United States
171011 Posts |
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Pillar of the Community
United States
5340 Posts |
While it is certainly true that silver is nowhere near the 50.00 high it hit in 1980 b/c of dollar devaluation over time, it's also important to remember that what happened in 1980 was due to market manipulation buy a couple of guys (the Hunt Brothers) and it was very temporary. The current rise seems to be a lot more organic and has the potential to be sustained (as well as to continue rising).
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Pillar of the Community
 United States
9897 Posts |
Quote:
Silver almost hit $50 in April 2011 also.
True for 2011 dollars. But I remember back then also finding out it was nowhere near the actual record high value. It was still only $18.91 in 1980 dollars. Still a long way from the record.
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Pillar of the Community
Australia
8569 Posts |
I'm loving the exchange rate in Australia. Dollar has dropped a little, and silver is up, so the price went over AUD$71 a few hours ago.
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Pillar of the Community
United States
1909 Posts |
While it is true that the effect of inflation has devalued the fiat currency, the same cannot be said for the performance of silver. If you compare average costs of items from 1990 and what they would have equaled in silver for that same period and then compare that to the current value of silver and what it can buy, you will see that silver value far outpaced inflation. For example: in 1990 when silver was $5.36 ozt. you could have bought about 7.5 loaves of bread. In 2025 with the value of silver at $45.00 ozt. you can buy 23 loaves of bread for that same ounce of silver. Below is a list of common items from 1990 and what an ounce of silver would have bought compared to 2025 and what an ounce of silver can buy.
1990: 1 ounce silver equals $5.36
7.7 loaves of bread
2.5 gals. of milk
3.5 lbs of ground beef
5.3 dozen eggs
5 gals of gasoline
In addition it would have required 6530 ounces of silver to equal the average income, 2800 ounces to equal a new car and over 22,388 ounces to equal the average house.
Now in 2025, 1 ounce of silver equals $45.00:
23 loaves of bread
11 gals. of milk
6.3 lbs of ground beef
9 dozen eggs
14 gals. of gasoline
In addition it would require 1488 ounces of silver to equal the average income, 1066 ounces to equal a new car, and 9466 ounces to equal the average house.
So in conclusion, you can see how silver value has far outpaced inflation and gold has done so as well.
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Bedrock of the Community
United States
14142 Posts |
Very informative analysis MisterT. Thanks for sharing it.  Take a look at my other hobby ... http://www.jk-dk.artToo many hobbies .... too much work .... not enough time. |
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Pillar of the Community
United States
7171 Posts |
What the high value of silver and gold has done is take away any numismatic premium common date coins have. I sold the below for melt value which was much higher than I purchased it for even with a numismatic premium.
See below!!
Edited by hfjacinto
09/27/2025 1:30 pm
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Pillar of the Community
United States
7171 Posts |
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Moderator
United States
77073 Posts |
looks like your image is posted just fine Helder |
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Moderator
United States
77073 Posts |
just 3 years ago, silver was at $20 dollars - at some point I think there will be a correction, and the prices will come back down again..  |
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Pillar of the Community
United States
7171 Posts |
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just 3 years ago, silver was at $23 dollars John, I picked up most of the walkers when silver was between $13 and $17, I think I paid about $10-$15 for most, now melt is $16.67, that erased any numismatic premium. Even most of my ASE I picked up for under $20. I got one yesterday just to get one, it was $50!
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Pillar of the Community
 United States
4765 Posts |
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If you compare average costs of items from 1990 ... Items are not a good example IMO as those things are strongly correlated to productivity gains (e.g. factory made bread). I therefore suggest looking at the cost of a haircut instead, as the profession of barber and the way of doing it has pretty much stayed the same over the decades.
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Pillar of the Community
United States
1220 Posts |
I sold my paltry coin collection of silver in 1980, and bought my first vehicle as a sophomore in high school. I wish I could remember what all I sold & how much I got?
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Moderator
United States
54189 Posts |
The best I could get for silver during the Hunt Bros run-up was $39 per ounce. I liquidated all but two ounces that I had at the time. Still have those two ounces.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Moderator
United States
171011 Posts |
I was in grade 6 when the Hunts did their thing. No selling for me.  |
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Replies: 16 / Views: 792 |
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Posted 09/26/2025 12:55 pm
