This is one thing about our price guide that you should understand; I looked at some of these prices and a coin was like $15,000 and I look back in the historical and its $15,000 for five years, well... you know obviously that coin was worth more than $15,000 in 2008 but worth more than it was in 2005, but sometimes the coin doesn't sell, it's the only one, then it comes to auction and brings $48,000.
So we go over those real high pops and we sometimes raise them or lower them where it makes sense. But it really takes the appearance at an auction or in a dealers price guide or we see something at a show trade hands or find out about a private sale before we can really do something with those unique coins."
Transcript of PCGS Founder Mr. Hall's "Coin Market Analysis".
With Gold Nearing the $1,400 level investors see no end in sight. Analysts and experts suggest $2,400 gold. Where does it end? Either direction gold and silver rare coins keep investors optimistic. Much of the rare coin market remains in the shadow of bullion advances. Because of this collectors and investors are enjoying the affordable buys that will not likely last the winter. Bids on Morgan dollars and smaller denominational gold are beginning to edge forward. Investors that decide to buck the trend and purchase rare gold rather than bullion will be the happier buyer when the emotions of gold bullion wane. Couple this with an uncertain political environment over the next few years and we see an even more profitable market in U.S. Rare Coins.
The Colorado Silver Boom started in 1879 following the discovery of silver in the town of Leadville near the headwaters of the Arkansas River by Horace Austin Warner Tabor and August Meyer in 1877. In total, more than $82 million of silver was mined, mostly as a consequence of The Bland-Allison Act of 1878 which authorized the U.S. Government to purchase at least $2 million in silver annually.