Keep an eye on the price/ availability of Spanish Milled coinage circa 1798-1804

[Jolly Mon]

I know many of you guys are collectors and keep an eye on the coin market.

Over the coming months/ years there may be large numbers of Spanish Milled Coins hitting the market.

I would especially suggest coins minted circa 1798-1803 will become more readily available than hitherto.

Supply and demand being what it is, merely keeping an eye on the market price may be a good indicator of increased availability.

I believe an eventual and substantial price drop of these coins is on the horizon as the market becomes saturated.

I don't think there will be a large initial "glut" of coins, more of a gradual seeping onto the market.

If you are holding coins of this period in your collection, I would suggest you may see their value decrease.

This suggestion is not an exercise in paranoia, merely of curiosity.

I would love to hear about any of your observations on the market for coins of this period in the future.

 

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[RELICDUDE07]

silver is silver------ most dates of these coins are not rare that i can tell?

 

[huntsman53]

Did you make or know someone that made a big find and you or they have now decided to sell them?


Frank

 

[RELICDUDE07]

may be talking about the 595,000 of them from the 1804 shipwreck?Not sure