NumisMaster Logo
Sign In
Free Newsletter

Collector Info
In Print
Site Map

Novel Theory
June 06, 2008

What do you think? I read the following about the Mint's rationing of silver American Eagles and I have to give the guy points for guts, but it seems to be an allegation that anything less than an effort by the government to make silver holdings worth more is somehow illegal.

There has been a speculative streak in collectors regarding silver for over 40 years, since the great coin shortage of the middle 1960s and the Coinage Act of 1965 that by and large drove silver coins out of circulation by the end of 1968.

We've had up markets and down markets, but this is the most novel approach I have ever seen in any market in the last four decades. It comes in language that we might have heard in the backrooms of Washington, D.C., just prior to the Bland-Allison Act of 1878 or any other silver-propping legislation of the following years.

If this is the intent, it would seem to me to indicate market weakness rather than a sound economic position and a strange appeal for government intervention to cause prices to rise couched in language that implies the opposite.

Add to:   digg
With this blog: Email to friend   Print

Something to add? Notice an error? Comment on this blog.

About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

Search this Blog
Email Updates
Email me a message when a new post is added!
RSS Feed
More Links
Numismatic News

About Us | Contact Us | Privacy | Your data is secure
©2018 F+W Publications, Inc., Iola, Wisconsin. All rights reserved.