GoldFinger1969

Roger, you have posted many times that you think the marketing stuff on labels is just that -- marketing. Even if true, you think it is insignificant in many cases. Curious as to how significant you think this coin's pedigree is.

If the Euro implodes, or Italy has problems refinancing debt, then you're looking at a huge drop in financial assets in the U.S.

Only Cheerios I know....

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Very informative, thanks for the info. Max Mehl died in 1957 so someone -- probably in their 20's or 30's if not older -- has to be in their 80's or 90's today. My point being that the oldest generation of collectors who wanted pre-1933 Gold and other coins from the 1900's - 1950's should be getting up in age, if they haven't passed on already. So while I accept your statements as fact, I would still think that the supply of said walk-ins should be DROPPING today relative to 10 or 20 or 40 years ago. I could be wrong, but I would think that by the early-1980's after a decade-plus of inflation and economic ups-and-downs, that most people who had hoards would have liquidated or sold. Could be wrong, but hard to see how.

They can't be as numerous as pre-internet, right ? Also, lots of the Big Hitters and even Medium Hitters now gets folks at Legend, Heritage, and GC to keep them posted on stuff, right ?

Can someone expound on "die state" vs. variety ?

Wow....so he finished very early. And back then, no internet or coin shows to grab hard-to-get coins. I think he showed his coins in his later years, maybe he did in the 1950's, too. I don't know. Thanks DL !

Thanks Zad...no, I meant that I presume he finished his collection by the late-1970's (maybe earlier) since I thought he died in 1981 or 1982. In fact, he died in 1976. So....I would change that inquiry to....what % of his collection by the early-1970's did the Clapp estate comprise ? In other words, when his collection was finished or pretty much finished.

I guess I'm off the hook for dominating the RWB Saints DE Thread !! On a more serious note, I do wish more newcomers and already-registered veterans were inquiring here and contributing on the more established threads in the US COINS section. I hope they are not "afraid" to post -- I am sure many are beginners with limited knowledge, as was I only 5-10 years ago. Thought there'd be more posts on the older Morgan, Saint, and gold coin threads in that section. Hopefully, it comes.

Gold was up 6-fold at the time and had SPIKED on the European Debt Crisis and the U.S. (bogus) downgrade by S&P. Today, gold has been basing and the rise is much less than 6-fold in 10-years. The next $500 and $1,000 are UP !!

What % of his late-1970's collection did he get from the Clapp 1942 sale, Dave ? Also, what was Eliasberg's line of work/business...how did he accumulate his wealth ?

Look, I get that not all of us agree all the time. Sometimes we get on one another's nerves. We'd probably feel differently about one another and our foibles or likes and dislikes if we had all met one another in person. But for the most part, we haven't. That said, I would just ignore this thread -- as I ignore threads on topics I have no interest in or coins I have no interest in -- at this site. Let's help one another with interesting posts and spend the time contributing to active Coin Threads that can help us and others who come to this site. I'm waiting for another 5 new pages on the RWB Saint Gaudens DE Thread to get to Page 70 and let me backup, so anybody....feel free to post over there.

QA marches to his own beat....but he is NOT a troll and has contributed lots of useful information. For the record, I do like resurrecting old threads IF they have useful information on coins or themes I like. Obviously, this thread is a bit off the beaten path from most of the forum threads.

You ????? GOLD ?????

Various mortgages in Europe did just that.

That was from "60 Minutes" a few months ago. Available for free on the website.

We're lucky to have Roger here to comment on his books and research. He made the RWB Saints DE thread with all his answers and informative posts !

No, but you can't simply extrapolate bad news ad infinitum. But we DON'T have a stock mania or even a real estate bubble. The stock market may be overvalued but it's not set to collapse. Valuations are NOWHERE near 2000 or 2007 levels in terms of P/E or leverage. Not even close. As for real estate, it's pricey and certain areas are overvalued, but it's not a bubble. A bubble was 1990 or 2007. Check out the supply of new homes relative to the population: it's DOWN by 30-40% while our population is UP by 30%. The extent, no....but the direction, yes. Unless you can tell us WHEN this collapse is coming, it's useless, WC. If it happens in 75 years, anybody waiting for Armageddon is a fool. The U.S. has favorable demographics, private property rights, the rule of law, mobility of capital and labor, etc. We have dozens of world-class tech, medical, and other companies -- we lead the entire world. Europe has many continental problems, China is run by a 1-party authoratarian monopoly. Economies and financial markets just don't collapse, they collapse relative to internal valuations or compared to other countries metrics. The U.S. is by far the best house in a lousy neighborhood. FRED data is interesting but doesn't tell the whole picture. Median figures are just that and don't show the upward mobility of Americans over time. You are assuming income, net worth, and mobility are all static.

You are shortchanging the long-term growth in real earnings per share of USA Inc. 7% real earnings growth over decades is NOT a fiction.

AVAILABLE to circulate, but as Roger and others here have noted, few people used them. I get that. I'm simply saying he coins had flair and panache.

What iconic figures do foreign countries have, though ? Lady Liberty on the SG and Liberty DEs...plus on the Morgan Dollar.....and the iconic eagle...they might not be one's favorite, but I wouldn't say they were ugly or bad.

I didn't know it was possible to blow $700,000 back then -- where could you spend that kind of money back then ? Will do, thanks ! Fascinating story....I wonder if any of those slave descendants or the Butlers are around today and aware of this story.

I think $1 might even go further in buying food or shelter back then. Have to check prices for those particular goods/services.

Not ROLLING 10-year periods, certainly not 20 or 30-year rolling periods. I'm willing to bet even a single 10-year period may have eeked out a small nominal return. But perhaps negative in real terms, yes. "Unless you believe the interest rate cycle has not bottomed (which I do), I can't imagine a worse time to buy bonds than now or recently. It's better now versus 2020 but only marginally. Due to relative overvaluation in all major asset classes, I expect short-term higher quality debt (like ST UST) to outperform, but still with a likely negative real return." Mathematically, the lower durations and higher coupons of bonds will make it more difficult for future rate rises to generate losses UNLESS they are larger and larger as was the case in the 1970's and early-1980's. I agree.....short-term, high-quality corporate and Treasuries going forward are a good place to invest/hide.