I find that early copper has been gaining more and more of my attention lately. I am perusing the Great Collections email this week and am pouring over a 1793 Wreath Cent that has a current $1050.00 bid. I am looking at my different sources and thinking that just maybe...... When the thought hits me..... Do you suppose these early Americans would think we have completely lost our minds spending this kind of money on their pocket change? I'm sorry.... My brain used to work harder when I was a young man.... Oh look!... Its a squirrel.... What was I saying??
No, I've often had the same meandering thoughts. But think about how much else in the 21st century would blow their minds, had you gone back to 1793 and whisked some random passerby off the streets of Philadelphia into your time machine and brought them here. On the one hand, they'd probably think we live in friggin' Utopia, but on the other hand, the hustle and bustle and cars and planes and huge population and highways and tall buildings and all that stuff would probably make their heads explode. The pace would likely be too much for them, and they'd be too overstimulated mentally to consider how much ridiculous money we are willing to pay for one of their pieces of pocket change.
DEAL!!! Psst! Hey, 1793 Man on the Street... wouldn't you like a nice MP3 player or cigarette lighter or flashlight for that single new red cent in your pocket? Why of course you would! Let's trade, then!
That's not a squirrel, it's a dump truck!...no, wait...that is a squirrel!...where's my slingshot?...
You exaggerate just a bit. Per this inflation calculator, which can only be set as far back as 1800 and only takes full dollar amounts, a dollar in 1800 had buying power equivalent to $15.43 in today’s (2020) dollars. So I guess a shiny new cent in 1800 would’ve bought you approximately what 15.4 cents would buy you today. (*Oops- edited to correct my math fail- didn't move the decimal enough spaces over.) Not exactly a king’s ransom, but a good deal for both parties if you traded Mister 1800 a cheap flashlight or cigarette lighter for his shiny new Draped Bust cent. (Particularly if it happened to be a 1799. Heck, give the guy five lighters and three flashlights with a pack of extra batteries and a cheap solar-powered pocket calculator, if he gives you a BU 1799 cent. Everybody wins big then!)
I have often had similar thoughts, basically I'd like to think Washington would be in awe of ships, Lincoln would be in awe of airplanes, they'd think our clothes are lame, I could think of plenty more
Why stop there? You might as well fill the rest of your 7070 and every other Early American Dansco that is almost impossible to fill. Although I'd personally give Mr. 1800 something a little more practical for his needs.
I spent a lot of time admiring lincoln as a child, as I think I've made clear on this site in the past. I think he's be shocked to see that we use cars rather than railway. And he'd certainly be surprised we don't have a much larger national rail system!
I believe that the early Americans would rather quickly adjust to the technological advancements of our day. They would however, never adjust to the cultural and sociological changes. To your original question regarding spending lots of disposable income on what they would consider trivialities, remember that 99% of people back then did not have any disposable income-their lives were mostly hand-to-mouth from cradle-to-grave. So yes, they would/could not appreciate our hobby and would think us fools of the first order. A couple of notable exceptions might be Benjamin Franklin and Thomas Jefferson, both noted for their polymath interests.
It's a good plan. But what would be more practical than a cigarette lighter, in an age of flint and steel tinderboxes? Or a flashlight? The calculator would be amazing to them. Or how about one of those little digital voice recorders? Think of all the different inventions you could find at your local dollar store and carry back to the 18th or 19th century to exchange for their pocket change. They'd be thrilled, and so would you. (Particularly if your Dansco 7070 had the add-on gold page...)
I laid out a similar hypothetical "time travel barter scenario" in this old thread, which also happened to be one of my first CoinTalk giveaways. It was fun.
Don't do it! If your great-great-(great?)-grandpappy happens to catch a stray bullet in some shoot-em-up (which is inevitable, given people's temperament back then), and he croaks, then... *poof!* Game over! You no longer exist.
Money is not directly comparable, but consider The salary of the 1st Congress was $50; today it is $174,000. On his trip home to Monticello in 1792 after picking up the first half dismes from the mint, Jefferson tipped the porter who took care of his horse thirty cents. A stable hand today makes $18-30,000 per year.
It’s a well known fact (FACT!!) that the shortage of mint-state colonial coins is due to time travel. People from our future have already gone back and collected all the best coins. That’s why there aren’t many now. But wait a hundred years, where they are all ending up, and they will be easy to find.