A year ago each of those coins could be had for less than $500. Now they are over $700. Increasingly gold becomes "too expensive" for the average American to own. Or so they think -- gold still dirt cheap compared to where its going.
Yet the value of gold does not change -- only its relationship to paper assets in terms of "dollars". Now when a "dollar" was ten dimes, four quarters or two half dollars of the pre-1965 coinage your post references the relationship with gold could only change so much because the dollar was based on silver content.
Now a dollar is just a bunch of 1's and 0's on the computer screens. Heck, lots of people are starting to hoard nickles and pennies because the copper prices are going so high. The dollar is becoming a joke.
Gold may be expensive -- but it won't sell you out like an American politician.
HG
We're not selling and he bought it cheap.
I don't know what a nickel is worth, but the modern penny has no copper. Someone commented at the time and said that was the last real currency we had left and they made that worthless too. Late 1980's I think.
Dirt cheap is right. It is hard to compare something of value to something that isn't. Someday, 30 grand won't budge me : )