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Vendors of luxury goods
June 03, 2014

As someone who works in what is now called a legacy industry, that is, the newspaper business, I found it more than a little amusing to think that those of us who still are associated with the printed page might also consider ourselves vendors of luxury goods.

How do I come to that conclusion?

I was checking the price of precious metals in my usual fashion. Silver is at $18.72 an ounce. That means that any old .900 fine silver coin is worth 13.38 times face value.

I have made calculations like this many times over the years, but for some reason, this time it pushed my memory in a strange direction.

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Recent Comments
On July 9, 2014 alice said
I can not wait to read more from you. This is truly a great article. Thanks! http://www.friv3go.com

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News, Bank Note Reporter and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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