Impact Of High Silver Spot On Pre 1967 Silver Coins. - Page 2

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Author	Replies: 19 / Views: 3,866	Page: of 2

wildflowerAB Pillar of the Community Canada 2845 Posts	Posted 01/15/2016 10:56 am GR, thanks for sharing that. I vaguely recall well into the '70s it was virtually a Canadian pastime for everyone to pull each and every silver coin out of circulation because it was widely known that silver had a higher value. All those saved stashes resulted in a huge oversupply to the collector market, it would be no different if today every coin minted prior to 2015 for some reason suddenly became collectable. That a lot of that silver excess, lower grade, mass produced sets eventually still finds it's way to the melting pot is a good thing because there's still an oversupply especially in the '60s when hundreds of millions were minted. Edited by wildflowerAB 01/15/2016 10:57 am Report this Post to the Staff
john100 Pillar of the Community Canada 5324 Posts	Posted 01/15/2016 11:00 am There is also a few wise persons who in 66 or later just ordered these dollars from banks for face and hoarded them till today, there was just so much minted. Report this Post to the Staff
wildflowerAB Pillar of the Community Canada 2845 Posts	Posted 01/15/2016 12:36 pm You've given me an idea that I'm thinking about. Report this Post to the Staff
ace_ftw Pillar of the Community Canada 1747 Posts	Posted 01/15/2016 12:51 pm I would say that most if not all of the people who were around in 1966 and were actually old enough to a) know what was going to happen and b) who were financially capable of socking away a ton of money, are likely at this point deceased being 75 or older (assuming an age of 25 @ 1966). they most likely sold in the early 80's. I don't think many people are sitting on hoards that have been in the closet for the past 50 years. These hoards would have been sold or divided between the heirs over the last few decades. Report this Post to the Staff
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