Coin dealers are lousy economists so I don’t want to waste your time discussing the economic background of the last few days. What I would like to share with you is my take on how it’s impacted my business and what I see are the short term effects of the credit crunch, liquidity crisis, Dow meltdown, etc. on the coin business. My business was screamingly active in July and August.   
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As I write this, gold has hit a high not seen since 1979-1980 and it is flirting with the $750 mark. How is this run-up in prices affecting the United States rare gold coin market? If you have a position in generic issues (such as St. Gaudens double eagles) you’ve made yourself a nice chunk of change these last few weeks.   
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I’ve recently had a bit of an epiphany regarding modern coins. For someone who has traditionally snickered at Walking Liberty half dollars and Mercury Dimes because they were “too new” this isn’t totally unlike the President of Coke admitting that a Pepsi tastes pretty good with a Cheeseburger. Now don’t get to thinking that I really “like” modern coins because I don’t.   
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