Over 200 Years of Combined Numismatic Experience at Your Disposal.
|September 2015 Issue|
My Coin Journey, Part III
By Warren Mills
I experienced my first coin market boom in 1979 and 1980. The coin market was on fire and bullion was rising dramatically. To have this experience at a major rare coin company was unbelievable! The place was always hopping. Gold went up to $850 an ounce and silver hit over $50 per ounce. I even spoke to the Hunt Brothers on the phone when they were heavily involved in acquiring silver. It was a great experience. People were coming in off the street selling silverware and anything else with silver in it at a record pace. The line was outside the building on some days and many people were also buying at a fast pace. When folks came in and started saying “silver will crack $100 to $300 an ounce,” I knew it was time to get out of the market. The government put the kibosh on the Hunt Brothers shot at cornering silver and the rest is history. There is nothing like being at a big company in a booming market. Rare coins in some instances went up over 1,000 percent.
My next coin journey will be about the April 1980 crash!