When I first started writing about coins professionally in 1965, the Dow Jones Industrial Average topped out the year at 911 on its way to 792 the following year. Corporate bonds paid out an average of 4.49 percent according to Moody’s, which quoted the rate for corporate Aaa bonds. Treasury bills (government obligations of more than a month in duration) were averaging about 3.93 percent, on their way, thanks to the Vietnam War, to 4.76 percent the following year, and the Standard & Poor’s 500 average was an odd-sounding 92.43 (on its way to 80.33 in 1966).

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