How much money was it back in 1975.....?

Discussion in 'Coin Chat' started by BigTee44, Oct 21, 2013.

  1. BigTee44

    BigTee44 Well-Known Member

    So at the coin show on Sunday I picked up a book: Handbook of United States Coins with Premium List 1975 Thirty-Second Edition R.S. Yeoman

    So I bought this so I could see how much coins cost 40 years ago(about how many years left until I retire) so I can compare it with prices today.

    So according to this book it says I could get a 1877 Indian in VF for $150, or a 09SVDB in VF for $95, or a 1916-D Mercury in VF $175, or a 1955 DDO EF for $170.

    So in todays world that's not a lot of money, but for those of you collecting back in the mid 70's, just how expensive was it back then to buy those coins. Is it just as expensive today but just inflation thrown in?

    It's funny to look and see some sleepers in this book, if only I had a time machine....

    Another question for the long time collectors....

    What do you think the price of silver coinage would be for common dates if the price of silver wasn't so high? What did you use to be able to buy Morgans for?
     
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  3. gbroke

    gbroke Naturally Toned

    Based on inflation, here are the equivalent amounts in today's money.

    1877 Indian in VF for $150 --- > $652.07
    09SVDB in VF for $95 -- > $412.98
    1916-D Mercury in VF $175 -- > $760.75
    1955 DDO EF for $170 -- > $739.02
     
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  4. Treashunt

    Treashunt The Other Frank

    Note:
    You have the Blue Book-- those were wholesale prices, you need the Red Book for retail.
     
  5. Treashunt

    Treashunt The Other Frank

    More expensive than today.
    Then a full time job in a bank grossed you about $75 a week, as a teller
     
  6. Aslpride

    Aslpride Active Member

    gbroke: If you mind that I use your statistics and add percent of increase in value? :)

    CRV=Current Red book Value.
    PI=Percent increase.

    1877 Indian in VF for $150 --- > $652.07....CRV: $2,000...PI: 207%
    09SVDB in VF for $95 -- > $412.98....CRV: $1,100...PI: 166%
    1916-D Mercury in VF $175 -- > $760.75....CRV: $4,200...PI: 453%
    1955 DDO EF for $170 -- > $739.02....CRV: $2,000...PI: 170%

    The winner of most true value increased over years are 1916-D Mercury in VF. :D
     
  7. carly

    carly Member

    1975 I was making about $600 a month and thought I was rich.
     
  8. enochian

    enochian silver eater

    i miss making $600 a week. i have a 1957 coin book that lists average price for a seated liberty dime at .60
     
  9. GDJMSP

    GDJMSP Numismatist Moderator

    In '64 and before you could buy Morgans at the bank for face value. By late '65 they were all gone, from the banks anyway. By '75 they were $6-$7. That all might seem as you would have expected it to be.

    Now here's what some might find surprising, just 10-12 years ago you could still buy Morgans for about $7. Today, the only thing that's changed is the silver value.
     
  10. enochian

    enochian silver eater

    and the premium. when silver fell this year morgans didnt change much. I dont think we will see them at $7 again. I think they moved away from silver value
     
  11. GDJMSP

    GDJMSP Numismatist Moderator

    Not really, price wise they are still proportionally about the same as they always have been since silver was removed from our coins. Back in '75 silver averaged less than $5/oz. Lower grade Morgans cost $6-$7. Silver is now around $23, and you can buy lower grade Morgans for around $28-$30. In both cases that's about a 35% premium.
     
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