Message:

<p>[QUOTE=&quot;midtncoin, post: 2914532, member: 89569&quot;]Some of you may already be aware of this site (or similar) but I came across an inflation calculator.&nbsp; I don&#039;t know how accurate it is, but if it is correct, it brings into perspective some interesting aspects of coin collection.</p><p><br /></p><p><a href="http://www.in2013dollars.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.in2013dollars.com/" rel="nofollow">http://www.in2013dollars.com/</a>&nbsp; </p><p>(although 2013 is in the name, it calculates up to today)</p><p><br /></p><p>According to the calculator.....</p><p><br /></p><p>$10,000 in 1793 is equivalent to $55,000 today.&nbsp; Since the first mint employees had to post $10,000 bond to work there, this calculation shows how incredibly extravagant that requirement was.</p><p><br /></p><p>A dollar in 1800 was the equivalent to nearly $20 today.&nbsp; So carrying around a gold eagle was the equivalent of having $200 in your pocket change.</p><p><br /></p><p>$20 in 1850 was the equivalent of $600 today.&nbsp; So its doubtful that double eagles circulated in the general populace.</p><p><br /></p><p>More recently, (and working backwards), a $100 today has the buying power of $33 in 1980.&nbsp; So it&#039;s getting to the point where a $100 bill today is the $20 bill of when I was growing up.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in