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 Replies: 27 / Views: 3,443 |
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Pillar of the Community
United States
5854 Posts |
Common circulated silver dollars are generally tied to the price of silver. Industrial demand uses roughly 45% of annual silver supply and in a depression that is going to be weak. That will put pressure on silver prices.
P.S. Look at what happened to silver in 2008.
Edited by D0ubl3Eagle
02/08/2014 10:38 pm
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Bedrock of the Community
United States
17884 Posts |
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Common circulated silver dollars are generally tied to the price of silver. Indonomy of the depression there wasn't as much demand for coinageustrial demand uses roughly 45% of annual silver supply and in a depression that is going to be weak. That will put pressure on silver prices. Yep, downward pressure. During the great depression silver dropped to 25 cents an oz. Another great consumer of silver was jewelry, which also drops off during a depression. It won't be a concern next time around, but during the poor economy there was a great falling off of demand for coinage, so that was another silver consumer gone. Is it any wonder the price fell. And of course the government stepped in to try and support the price buying silver at well above the market price for years, accumulating over three billion oz. |
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Pillar of the Community
 United States
1804 Posts |
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where you are placing a quote symbol, type at the start and xxxxx at the end Hope this works and thanks |
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Pillar of the Community
United States
1804 Posts |
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Common circulated silver dollars are generally tied to the price of silver. Industrial demand uses roughly 45% of annual silver supply and in a depression that is going to be weak. That will put pressure on silver prices. Part of this post is to see if I can get a "quote" posted properly. Personally would like to see a time in my life, where one could stock up on crummy old Morgans and Peace dollars. There is just something nice about having bulk Silver. |
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Rest in Peace
United States
7075 Posts |
Domain555
To insert a quote, you can also point and click.
Just below the last post in a thread is a banner ad, and just below that are two lines of options. Click on "Reply to Topic" and you'll get a nice little screen with all sorts of options like spell check and color etc.
Select the icon for "insert quote" - which you can find by letting the cursor hover over the second box from the Right in the Format line - then you can use your browser to copy and paste the quote.
Hope that helps.
By the way, this is an interesting thread. I've kind of been pondering the same sort of question for awhile.
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Pillar of the Community
United States
3343 Posts |
This thing I'm sure of: they'll both do better than modern proof sets.
In 1997 common dollars were even money with a proof set. You'd be lucky to find anyone that'd trade a shabby 1922 Peace for three of them today.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
1804 Posts |
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By the way, this is an interesting thread. I've kind of been pondering the same sort of question for awhile. I am going to put my neck a little closer to the knot. If depression (or civil unrest) does come ... a few/several common trashy Morgans will "about" equal the value of MS+ coins. |
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Bedrock of the Community
13014 Posts |
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If depression (or civil unrest) does come ... a few/several common trashy Morgans will "about" equal
the value of MS+ coins.
In a depression thats probably true because the market for anything but the nicest of the nice will completely crash when very few people will have any money to spend on them. The market would also be flooded with people trying to sell them for money for food. The people that can afford the 6 figure ones are rich enough to be unaffected so they would likely hold their value, but I wouldnt expect to see many of them hitting the market or bidding wars for them during a true depression. |
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Pillar of the Community
United States
1590 Posts |
I think we had a true depression, but for political reasons called it the great Recession. I also believe that in the intervening years since the Great Depression that the truly Rich learned their lesson and developed a plan to keep their wealth when all other lost their's. Just observe that in the general misery of the masses, that the Rich actually increased their portfolio. So much so that it is probably in their interest to keep us in a Recession as a method of profit multiplication. Just an observation. I have no answers, just eyes.
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Pillar of the Community
United States
1804 Posts |
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In a depression thats probably true because the market for anything but the nicest of the nice will completely crash when very few people will have any money to spend on them. The market would also be flooded with people trying to sell them for money for food.
The people that can afford the 6 figure ones are rich enough to be unaffected so they would likely hold their value, but I wouldnt expect to see many of them hitting the market or bidding wars for them during a true depression. There was little or no civil unrest in the 1930s. Six figure coins will find their own value at any moment in time. One thing for sure, those high roller coins won't go too far up in bad times! Come a depression, I would prefer to have 500 plugged Morgans than one high roller. Better yet 5000 silver dimes. |
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Pillar of the Community
United States
1748 Posts |
All depends on whether it's an inflationary depression or a deflationary one. So, the answer is in an inflationary one...yes. In a deflationary one...no. During the Great Depression, gold did well...too well. People started to redeem paper currency and created a run on our gold reserves. The fractional gold reserve system could not handle it. That is why we came off the gold standard. The US gov't did not want a repeat of the gold run of 1895.
Edited by DoubleEagle20
02/10/2014 6:33 pm
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Pillar of the Community
United States
1804 Posts |
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Domain, I look at them as something neat to have around to show people and also if I needed a few bucks, I can easily sell them. They have liquidity going for them so its easy to sell Hold all Morgans and Peace dollarsJust hoard 'em |
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Replies: 27 / Views: 3,443 |
First Page
Posted 02/08/2014 12:45 pm
