The Good Old Days

JulieW · Jan 19, 2012

In the 1960s, coin dealers in particular, but also entrepreneurs setting up shops in motels and the like, did a land office business in buying old silver coins. Sometimes long lines formed as people waited their turn, holding coins, silverware, jewelry and other items made of this metal.

If you had gone to any major convention in the late 1960s there would not be a moment of silence, as there would be a constant ringing of coin counters across the bourse, nonstop from the opening to the close.

In the meantime, it was illegal for Americans to hold gold bullion or any modern gold coins struck since 1933, with a few scattered exceptions for foreign Proof coins. There arose a great business in buying and selling gold $20 double eagles in quantity for those who wanted to own gold.

A nice double eagle of a common date and Mint could be bought for less than $60. Imagine that!
Click to expand...

http://www.coinworld.com/articles/removing-the-silver/

I remember when you could get a 50c round for 50c!

PrettyPrettyShinyShiny · Jan 19, 2012

JulieW said:

In the 1960s, coin dealers in particular, but also entrepreneurs setting up shops in motels and the like, did a land office business in buying old silver coins. Sometimes long lines formed as people waited their turn, holding coins, silverware, jewelry and other items made of this metal.

If you had gone to any major convention in the late 1960s there would not be a moment of silence, as there would be a constant ringing of coin counters across the bourse, nonstop from the opening to the close.

In the meantime, it was illegal for Americans to hold gold bullion or any modern gold coins struck since 1933, with a few scattered exceptions for foreign Proof coins. There arose a great business in buying and selling gold $20 double eagles in quantity for those who wanted to own gold.

A nice double eagle of a common date and Mint could be bought for less than $60. Imagine that!
Click to expand...

http://www.coinworld.com/articles/removing-the-silver/

I remember when you could get a 50c round for 50c!
Click to expand...

$60 back then though... You could buy a house for less than $5000.

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The Good Old Days

JulieW Well-Known Member Silver Stacker

PrettyPrettyShinyShiny Well-Known Member

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The Good Old Days

JulieW Well-Known Member Silver Stacker

PrettyPrettyShinyShiny Well-Known Member

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