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<p>[QUOTE=&quot;Juan Blanco, post: 1679684, member: 41665&quot;]Indeed. And you&#039;ve confronted the essential problem here. How can we understand retail inflation looking at the Mint&#039;s wholesale Silver Price? This flaw also ignores the fact that coin traded at a premium in many years (crises) when Silver money often bought more at the shop! </p><p><br /></p><p>There&#039;s NO PRICE-RECORD FOR <i>RETAIL SILVER </i>.999, just the purported Mint price (Wholesale Bid.) And that&#039;s comparing apple-to-oranges.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><b>In 1856, the <i>wholesale </i>price of PURE silver foil was $5. and Gold $32.</b> <a href="http://noblemetals.blogspot.com/2010/05/usa-1856-nyc-chemists-catalogues-jh_08.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://noblemetals.blogspot.com/2010/05/usa-1856-nyc-chemists-catalogues-jh_08.html" rel="nofollow">http://noblemetals.blogspot.com/2010/05/usa-1856-nyc-chemists-catalogues-jh_08.html</a> </p><p>The <i>retail price </i>was what someone paid in a shop for 1ozt 999. Fine Ag. That wasn&#039;t $1.29!</p><p><br /></p><p>Consider the following was what a dentist paid his supplier/dealer and NOT what he charged his patients:<b> in the Confederacy late 1864-1865, the wholesale price<i> for Gold Foil </i>was $64./ozt in Gold coin,</b> so C$3,840./ozt. (Platinum - a strategic metal for munitions - was likely higher!) See &quot;Dental Surgery as applied in the Armies of the Late Confederate States&quot; W. Leigh Burton in American Journal of Dental Science, Vol. 1, No. 4 (August, 1867), p.182[/QUOTE]</p><p><br /></p>

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