Never Knew This Existed

A 2009 $1.00 Tea Party Token. Obviously very new but I never knew they existed. It was in that box of coins and tokens that I bought.

 

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Love it! You're on a roll with these tokens recently. Good tastes!

 

Found this, interesting history behind them being made.

http://www.libertydollar.org/ld/teapartydollar

 

I think they should have formed a committee to write this blurb because it is fraught with grammatical and spelling errors and this is true of most opinion pieces published. I guess there is no time to proofread because of submission deadlines?

 

Lol.. A constant frustration of mine.

 

Twelve years on, and still waiting.

A "cheap government" dollar still buys most of what it did in 2009. How's that alternate REAL MONEY doing now?

 

Not quite, especially if you look at the commonly purchased items. Food, clothing, and medicine cost more today than I was spending in 2009.

 

Yeah, I have one of those somewhere around here, nice!

 

I chose my words carefully. I'm pretty sure the dollar hasn't lost 50% of its purchasing power in the last 12 years; I think it's lost much less than that. So a dollar still buys "most" (more than half) of what it did in 2009.

 

It has lost 50% on enough items. Bread, fruits, meat, cheeses are just some of the items that are as much as 2x what they were 10-12 years ago. There are some items that have not changed that much or even decreased but those are the occasional purchases (like a TV or laptop). Then there is something like property taxes, which in Illinois has increased by 50%+ in many cases (as did a bunch of other fees).

 

Certainly not around here (central NC). I do the grocery shopping for our family. There's no way that groceries in general have doubled in price since 2009. Not even when you count shrinking package sizes. "Official" inflation figures claim a 20% increase in general prices since 2009; I suspect that is low, but the real figure is nowhere near 100%.

Oh, hey, look what I found: A summary of sale prices for one of our regional grocery chains, circa July 2009. Salad dressing, ice cream, cereal -- all about the same as they are now. Cherries on sale at $1.97 was a good deal, but they were just on sale at that same price a week or two ago.

If a fee goes up 50%, that means it takes 1.5 times as many dollars. That means each dollar covers 2/3 of what it did previously -- it's lost 1/3 of its value.

 

While your prices might not have gone up (at least for the cherry picked items), they certainly have here (for the majority of items). You are right that the property tax example was not 2x. It has only increased $3,000-$4,000. The annual vehicle registration fee also missed the 2x. That has only increased ~90% since 2009.

And comparing sale prices is flawed. Yes Coca Cola was on sale for $2.50 per 12 pack this year and ten years ago. Look at regular prices ($3.50 then vs $7 now). Plus the sales happen less frequently.

 

Look at the "Buy One Get One Free" listings. Those show regular prices (the sale is "50% off regular price"). That's what I was comparing.

And this wasn't "cherry picking", this was my best effort to get a sampling of prices from 2009. If you've got access to, say, grocery retail price lists from 2009 and today, that would be a much better reference.

 

I have a handful of those at this point, I absolutly love the liberty and the torch.. other motifs they did not so much...

 

Okay, I found mine! I'm sure BVNH didn't make very many of these at all and they should be worth more than what they sell for on feebay, but no such luck. I'll hang onto mine!

 

love these... these 5 are a 1 (the lil dime size one) 3 $5s and a $10..... also have a couple $20s and a one oz $50 somewhere in the safe lol...

 

I caught the NORFED connection right off. I wonder if the design was borrowed from the NORFED series?

 

Same here, I'm keeping mine.

 

This is a really interesting coin lol

 

Yes it is but it's a token.