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 Replies: 12 / Views: 1,707 |
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Pillar of the Community
 Canada
2360 Posts |
I am going through Starr Gilmore's "Canadian Silver Dollars" from 1961 and this page of current market prices for silver dollars was very interesting indeed.  |
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Bedrock of the Community
Canada
21620 Posts |
I have that book as well. Some very interesting reading
about Silver Dollars over 60 years ago.
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Bedrock of the Community
United States
94367 Posts |
Great reminder of the opportunities we once had.  |
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Pillar of the Community
Canada
2845 Posts |
Interesting that back then the 1947 Pt 7, ML and 1948 were all valued about equally.
But might someone explain the reference of the two 1953 varieties - Flat Border and Wedge?
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Pillar of the Community
Canada
9865 Posts |
1953 NSF had flat field right up to the rim thus Flat Border
1953 SF had concave field sloping up relatively steeply at the rim thus Wedge.
Just kidding,Flat Border is what the wide rim SF was called. Wedge probably should read W. Edge for wire edge which is what the NSF dollars were called.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
09/19/2016 10:05 pm
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Pillar of the Community
Canada
2845 Posts |
Thanks very much DBM! My best wild guess was a wedge is similar to how the "I" of NSF appears. But I'd not ever noticed the wider (or flat) rim of the SF, very interesting to know.
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Valued Member
Canada
402 Posts |
Is anyone up to explaining the relative shifts in pricing between those prices and current ones (by that I mean) like the cost of a 1950 arnprioir vis a vis a 1948 then and now ?
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Pillar of the Community
Canada
2845 Posts |
Edited by wildflowerAB
09/20/2016 01:19 am
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Pillar of the Community
Canada
2187 Posts |
Quote:
a dollar today is just over x8 of the dollar in 1961. that's about $640 for an UNC 1948 dollar. Wish I was born in the 60s Edited by Paulsz
09/20/2016 01:40 am
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Pillar of the Community
Canada
9865 Posts |
In 1961 my parents paid $13,000 (about 100,000 of todays dollars) for a house that sold last year for $850,000. So in context the 48 dollar would have been a very poor investment.
I believe that UNC in these old listings refers to MS60.
When Charlton's first switched to numeric grades UNC was replaced in their catalogue by MS60 and that was the only mintstate grade used for silver dollar prices.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
09/20/2016 02:57 am
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Pillar of the Community
Canada
849 Posts |
I agree with the 8 times inflation factor. From what I can see, except for the 1945 and 1948, it would have been cheaper for the person just starting to collect dollars in 1961 to wait until 2016 to buy silver dollars (if he were still alive)! I wasn't buying silver dollars back then, I was just starting grade three.
It is interesting to see how the Arnpriors in today's purchasing money, have really dived in price. I wonder if it is because many more were discovered since then or if people have lost some interest in those varieties, or perhaps a little of both.
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Pillar of the Community
 Canada
5397 Posts |
If you had bought the entire listed lot at $500 which is what it adds up to and put it away it would be a lousy " investment". You could have put the same $500 into a compound interest vehicle at 7 per cent ave . which for many years was on the low side . That is worth close to 24K today.
Enjoy collecting coins do not use them as anywhere near an investment vehicle. Especially Canadian Coins!
Also as an aside in 1961 you could have roll hunted and acquired all of the dates if you were persistent enough and had a few connections.Even the 1948. Difficult but possible. That is where the fun would have been. In 1966 I had two paper routes and mowed lawns on the weekend. My cash flow was about 100 dollars a month, which for a kid was a lot of money at the time. I roll hunted like a fool and acquired lots of really neat stuff for face. With effort I acquired every decimal coin ( 1900 on) out of change or traded extras never paying a premium. The only exceptions were about five coins given to me as gifts or I had to buy. The 1948 dollar cost me about 75 bucks as I recall. Never had a 1921 5 cent or 50 cent.
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Pillar of the Community
Canada
2187 Posts |
Quote:
So in context the 48 dollar would have been a very poor investment. I think coins in general aren't meant for investing, unless you have the best of luck and knowledge to know what the future holds. I meant $640 from a collecting perspective is pretty nice considering now-a-days it's closer to $1700 for a MS60. Quote:
I roll hunted like a fool and acquired lots of really neat stuff for face. With effort I acquired every decimal coin ( 1900 on) out of change or traded extras never paying a premium. That's pretty neat. Having been born in the 90's (and started collecting only in 2010-2011), it's a shame the alloy recovery program is kind of discouraging me from roll hunting. I still do it on occasion (a box here and there), and I have found a couple of older coins, but almost nothing worth while shows up. |
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Replies: 12 / Views: 1,707 |
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Posted 09/19/2016 9:44 pm
