FRENZY - A TEMPORARY MADNESS In SILVER & GOLD - 1980

I was there rolling it in! Amazing. The savers of silver coins (90%) had their day in the sunshine for some of them! Today, millions upon millions remain in hoardes! Some folks never knew what Gresham's Law was all about. I did, and as a middleman I rode the incredible wave of prosperity.


"Silver" is what folks referred to in pocket change of dimes, quarters, half-dollars and others. Newly minted silver coins reveal a Mint Lustre and Mint Bloom.Worn-down specie from About-Uncirculated to About Good offer little in numismatic appeal. But wait...."all 90% silver coins are created equal!




Since earning my Coin Collecting merit badge in 1955 from John F. Lyons, Jr. have I enjoyed my love affair in coin collecting. I started wheeling and dealing at thee age of 18 in 1960. Lyons became my customer! Fast forward 20 years and it was like a jackpot from Foxwoods.




The famed HUNT BROTHERS helped fan the flames of greed. The global frenzy of trading silver.. coins and bullion... saw prices skyrocket. Old Money became new money. Normal, everyday people were paid up to $24.00/$25.00 for $1 in silver coins.




Along with Junk Silver came rare numismatic specie including gold coins. It was fun. Trust me. For over 10 years there was a spike in coin values. And yes, the rich own the best. Isn't this true in everything in life? I have auctioned off quite a variety of silver and gold  coins and select jewelry. But what looms in the future corridors of collecting are the millions of dollars never redeemed!




Since 1980 everything in our lives have changed regarding money. Some theorize "IT'LL COME BACK"But there's only one problem: the remaining unredeemed silver is fractional to what the purge and frenzy of the Eighties  revealed!


Today, Spot Silver is $16.54.. Big deal.