| Author |
 Replies: 22 / Views: 3,487 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
2023 Posts |
 The inflation factor from 1962 is closer to 10, not 100. |
|
Pillar of the Community
United States
5825 Posts |
But don't forget.
In 1980 silver rose to $50/oz for a short while thanks to the Hunt brothers.
But that dropped to under $10/oz in about a day.
Some people REALLY lost their shirts (and lots of other stuff).
|
|
Pillar of the Community
United States
887 Posts |
|
|
Valued Member
United States
414 Posts |
I don't know if agree with the "collectible coins are not an investment" bit. There is certainly much opportunity to invest if you cherry pick the right coins. This perhaps may be much more difficult with US coins, but in the realm of world coins, there is ample opportunity to "flip" coins for a profit. |
|
Bedrock of the Community
United States
12057 Posts |
If you lived in a house and had a household income of 50k in 1962, you were upper middle class and had plenty of disposable income. You probably had a fairly comfortable home, maybe even with AC, a color TV, and a new Cadillac, Lincoln or Chrysler in the driveway every year; this income bracket was mostly businessmen, business owners, bankers, doctors, and lawyers, and some very senior tradesmen. If you live in a house and have a household income of 50k in 2017, you are probably "getting by" every month unless you are living alone and fairly unencumbered by debt, and likely not saving much cash in the process. That is the "inflation measure." :P FWIW -- when I buy 90% -- Barber halves seem to always carry a higher premium, especially if they are anywhere near full rim Good. If you are looking for numismatic value in junk silver, buying Barber halves in bulk and looking for semi-key dates is a good option, or coins that are G6 or better. Walkers will also hold value above bullion, especially the teens, twenties and thirties dates. I have a hard time getting rid of Franklins if I want to sell down, and won't usually buy them. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
|
Pillar of the Community
United States
3327 Posts |
If you want to push the envelope a little, classic commemoratives will nearly always have value beyond their silver content. But you obviously won't find many "lots" for sale if you are buying in bulk?
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
|
|
Pillar of the Community
United States
1450 Posts |
If you bought Walkers in VF or better in years before 1930 I think those coins will have a decent numismatic premium in years to come. Getting them in anything better than just fine condition means an investment of dollars. There were quite a few years when less than 2 million coins were minted. Now coins are minted in the billions and are just base metal. I do remember when Walkers were common and by the later 1950's and 60's they were gone just like SLQ's and Mercury dimes. I know there are many younger people under 50 who have never even seen a Walker or a SLQ with a date. Not one silver coin in circulation I have seen in 30 years. |
|
Pillar of the Community
United States
1475 Posts |
Quote:
I'd have to dispute that claim, though I agree with the overall point about coins not being great investments, I stand corrected. I mis-read number of zeros. I wasn't quite born in 1962, but I need a glasses.  |
|
CCF Advertiser
United States
1533 Posts |
In 1962 average salaries were around $4,300/yr. Today, around $50,000. Someone making $50K back then would be equivalent to $500K today. Upper middle class indeed.
|
|
Pillar of the Community
United States
2023 Posts |
Quote:In 1962, the value of a dollar is worth around $100 today. I just purchased Bust halves that had Red Book values of $4~$5 in 1962. This means that the seller should have sold them for $400+ to recuperate his money. I purchased the for about half of that amount. With the corrected factor of $10 in the first sentence, what does that mean for the rest of the quote? Math is hard. |
|
Valued Member
United States
414 Posts |
50K is middle class. Making another 450k extra only allots an "upper" in the class categorization? If you make a nice five hundo a year I'm quite certain that puts you well in just the upper class, no middle  |
|
Bedrock of the Community
Australia
21788 Posts |
The best way to answer to the question asked, is to to look the pricing guides.
If a coin dealer is prepared to pay for stock for any silver coin over the market rate (XX) x face value, then you may assume that coin has a collector value.
Applies to any silver coin, not just Halves.
Learn the grades vs pricings for the grades and dates of the series you are interested in. Certainly helps when you go to coin shows or visit dealers. If you can't remember that sort of detail, take your trusty pricing guide with you.
|
|
Bedrock of the Community
Australia
21788 Posts |
My first full time job paid AU$ 3,000 per year.
Now, my superannuation income is AU$ 90,000 per year.
That's what a combination of inflation and investment over the long term does.
|
|
Pillar of the Community
United States
1450 Posts |
Back in the year 1999 I was making over 50K and I thought I was doing OK. Now if that was all I made before taxes I would feel poor. Like sel-691 $90,000 a year ain't what it used to be, nor is a million bucks. I understand average middle class person has net worth of around $300,000. That is chump change when you consider most of that is the value they have in their houses. Not many have a million bucks of investment cash which is what you really need just to survive 20 years of retirement. 5% in income from a million bucks is just $50,000 a year before taxes. In 20 years 50K a year will be like 20K a year and I guess average urban house will cost a million dollars. Save those half dollars!
|
|
Bedrock of the Community
Australia
21788 Posts |
Median house prices in Sydney are currently passing through the million dollar level. (U.S. $ 800,000)
|
|
Page 2 of 2
|
Replies: 22 / Views: 3,487 |
Page 2 of 2
|
First Page
Posted 09/29/2017 2:37 pm
