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Want To Sell Your Coins? It's 1978 All Over Again

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Author Previous TopicReplies: 4 / Views: 1,598Next Topic  
Pillar of the Community
Ugly's Avatar
Canada
1733 Posts
 Posted 05/11/2011  11:56 am Show Profile   Bookmark this topic Add Ugly to your friends list Get a Link to this Message Number of Subscribers
This is what Simpsons would pay for your coins in Toronto on Feb 14th, 1978. For reference, their sell prices were around 110 per cent higher on average, only fifty per cent higher on common mint sets and so on.

Want-To-Sell-Your-Coins?-It's-1978-All-Over-Again
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littlemoney's Avatar
Canada
902 Posts
 Posted 05/11/2011  1:41 pm  Show Profile   Bookmark this reply Add littlemoney to your friends list Get a Link to this Reply
I should have collected more than I did back in 1978
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Bizybackson's Avatar
United States
1817 Posts
 Posted 05/11/2011  1:48 pm  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply
I remember the run up in '78-79, could not buy common date material as most of it was going to the smelters. Prices on coins were increasing month by month and not just on silver value alone. Happened a couple more times after that, as the investors came in, and basically ruined the market for collectors of average means.
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Libertad's Avatar
Canada
3692 Posts
 Posted 05/11/2011  3:29 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
But that run-up caused a huge crash in price, so in the long-term I don't think it hurt much. In my opinion, I think that all it did was set a record.
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Canada
1442 Posts
 Posted 05/11/2011  3:31 pm  Show Profile   Bookmark this reply Add canadian-varieties to your friends list Get a Link to this Reply
If you're talking about a gold or silver bubble...I agree...have your parachute ready.

As for Canadian keys?...every time I check "completed auctions"...all I see is my buys :)...feels pretty lonely buying them keys now...maybe the joke's on me ;)

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