I would be curious as to what has been the price trends for seng, say the last 20-30 years. Maybe one of you dealers that have been around for a while could look it up in your records and post it year by year. I know we didn't get a lot when I started digging some 40 years ago. And I'm sure there has been some up and downs in the market. I would do it if I wasn't so damn old and could remember back that far. Thanks!
The first pound I sold, probably in 1962 or '63, I sold to Chunk Cowan in Sylva NC for $36.00. I was told Chunk was the tallest man in WWI, I was 6'3\" @ 13 or 14 years old then and when he stood up he had to be 7' or better. It has sure come a long way in price but think what $36.00 would buy back then.
Some of the above can be explained due to the inflation over 70 years , but there are also many other reasons why some prices increase. With this information is it possible to predict where ginseng prices will be in the next 10 years? Very possible.
Latt, That is very interesting.
My wife and I bought our first house in 72 for $15,000 (FHA). I was working at a Chevrolet dealership doing auto body repair for $125 a week.
Getting back to ginseng, in the 80's when it reached $10 an ounce, I think it was about the time of the (recession) not for sure. A lot of people started digging and cleaning the woods out of ginseng. That was about the time the gov. started restrictions on seng.