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My pick up for the day, 1879 s Morgan...

Started by MAULEMALL,

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WoodenJefferson

WoodenJefferson

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In 1972 it was considered fashionable in the coin collecting hobby to aquire "Blast White" coins such as the one you have shown. I think $3.20 was a bit below numismatic value but in terms of silver bullion price, the original sale was 1 cent below melt! 893whatthe.gif

 

Quote" The weighted average price of the investor silver sales from 1971 through 1978 was $3.21

 

 

History of Silver Prices

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MAULEMALL

MAULEMALL

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In 1972 it was considered fashionable in the coin collecting hobby to aquire "Blast White" coins such as the one you have shown. I think $3.20 was a bit below numismatic value but in terms of silver bullion price, the original sale was 1 cent below melt! 893whatthe.gif

 

Quote" The weighted average price of the investor silver sales from 1971 through 1978 was $3.21

 

 

History of Silver Prices

The average price of silver was $1.55 in 1971
It seems it was about 2X melt by the graph you sited.
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