Father and Son Have “The Talk”

Posted on April 26, 2011 by

My 11 year old son is starting to notice increasing gas prices (over $4 a gallon now). The other day he asked, why is gas so expensive now? My response was, “remember today’s prices, as when you have to pump gas in your car (several years from now) you will probably think that $4.20 a gallon is cheap.

Father and Son Talk About Gas Prices

Father and Son Talk About Gas Prices

I told him that I also remember when my parents complained about gas prices about 20 years ago when it went from 99 cents a gallon, to about $1.89 a gallon just within a couple of years. So we may think gas prices are high now, but the odds are, that today’s prices are cheap compared to what our kids and what we will have to pay later.  

What about coins? Well, we’re already seeing this in numismatics too. For example, in 1986 an Uncircualted  Silver eagle would sell for about $7, in 1988 about $9, in 2004 about $11 and today, a whopping $52 each!

I wonder what my 11 year old son will have to pay for a Silver Eagle five years from now.

$52 average wholesale price for an Uncirculated Silver Eagle

$52 average wholesale price for an Uncirculated Silver Eagle

Filed Under: News

Leave a Reply