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Gold/Mining/Energy : Silver prices

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To: re3 who wrote (5313)	6/4/2002 4:02:53 PM
From: Canuck Dave	Read Replies (1) of 8010

Good question. I have one tidbit of information on this. Silver coins disappeared when the value of the silver in the coins went far enough beyond their face value to justify melting, a classic example of bad money (cupro-nickel) driving out the good (silver). This happened in earnest around 1967-1968, when silver sold for around 2$/ounce. So that makes each silver dollar greater than 1/2 an ounce, if you believe the conversion. At today's prices, that makes each one worth 2.50 US, or 3.75 Canadian, so there's a 1-2$ numismatic premium. I bet you can't get one for 5$ anymore. I have a few dollars and half-dollars floating around and plan to sell them to the gullible public when silver hits 36$ an ounce. At that time, there'll be huge shows like they had for baseball cards a few years back. I'll be there. CD

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