Remember When ............

[moondoggy]

U.S. Mint stopped selling

 

thought this would bring back memories to some and interesting reading to others.

Also remember the big silver melt of 79 and 80 !!

 

Mike

 

See more journals by moondoggy

[jayman1970]

Thats pretty cool,but what surprises me is that the mint was still selling bicentennial sets in 1979!!

[newprepper]

What's amazing to me is that nobody in the government thought to raise the price, they know how to raise taxes though, what a bunch of insufficiently_thoughtful_persons

[Six Mile Rick]

Ahhh--- Yesterday --- was a different time!!! If the price was low then it was ended when they ran out of affordable silver.

Today --- they just triple the price to match the economy!!

Tomorrow ---- there will be "NO MORE U S Dollars or coins" and Silver will purchase small items with gold purchasing the large items. The way it was 1000 years ago???

CRAZY

Rick

[dadams]

[RockMyAmadeus]

What's really hilarious is the concept that the government would be selling them "at a loss."

 

No, what they meant was they'd be selling them at a price that was lower than market value (which they should have done, just to have the sales on the books.)

 

After all...the coins had already been made, years before. It's not as if the Mint had to go out and buy new silver to make them! They'd already bought the silver, at a substantially lower price, and instead of taking the opportunity to get RID of an old product, they decided to stop selling them.

 

"We can't sell these now! They're worth more than what we're charging! We have to get the highest profit possible at all times! We have to hold them, wasting money on storage and inventory! Let's not raise the price to match the market, we just won't sell them at all!"

 

Sigh.

 

The idjit bureaucrats yet again snatch defeat from the jaws of victory.

 

 

[newprepper]

and that is why you cannot let the government "create" jobs

[Amarillo]

When this ended, i had purchase 150 ounce for $9.54, and just sold this year, it was a great reward back.

[moondoggy]

Hey Don

 

Nice !!!! that's the way to do it my friend Well done

 

Mike

[Kenneth F]

Cant say I remember that... I was still drunk from this:

 

[newprepper]

Cant say I remember that... I was still drunk from this:

 

 

I'm going to go out on a limb here, I may be wrong and I'll be the first to admit it if I am, If you are in the Army, and you did that legally, you would be in the range of mandatory retirement now. I think I'll call BS on this one. JMHO

Best thing to come from the Steelers would be Cowher, and I'm so pissed the Colts didn't make it worth his while.