Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Purchasing power of coins when they were minted? ( what was the )
>
Reply to Thread
Message:
<p>[QUOTE="TheNickelGuy, post: 1672708, member: 20201"]I got to thinking about old copper coins that circulated around the time of the US Revolutionary War and the War of 1812.</p><p>I wondered what you could buy for a US half or large cent that circulated at the time or British Halfpennies or Canadian halfpenny tokens.</p><p>What sort of things were for sale in the general merchant stores and markets at the time. These coins certainly saw some heavy crirculation and I would guess most everyone had a little coin bag or purse to hold them.</p><p>Rarity set aside for certain coins, I wonder if the average prices for what these are worth today in lower but acceptable circulated condition, is almost equal to what they could buy in those times. For example if you paid $15.00 for a coin like this large cent below, would it have about the same purchasing power today as it had back when it was new?</p><p>[ATTACH]249067.vB[/ATTACH]</p><p>How much was a loaf of bread in 1800? A pound of tea? A dozen eggs? A glass of ale? A night in the hotel? A days pay?</p><p>Thinking about a world of electronic currency, I have no problem with keeping copper, nickel, silver and gold in my purse. Seems like it has held it's own against inflation over time. </p><p>If the world goes cashless, I think we've all gone broke.</p><p>Hope my thoughts have not been boring.[/QUOTE]</p><p><br /></p>
[QUOTE="TheNickelGuy, post: 1672708, member: 20201"]I got to thinking about old copper coins that circulated around the time of the US Revolutionary War and the War of 1812. I wondered what you could buy for a US half or large cent that circulated at the time or British Halfpennies or Canadian halfpenny tokens. What sort of things were for sale in the general merchant stores and markets at the time. These coins certainly saw some heavy crirculation and I would guess most everyone had a little coin bag or purse to hold them. Rarity set aside for certain coins, I wonder if the average prices for what these are worth today in lower but acceptable circulated condition, is almost equal to what they could buy in those times. For example if you paid $15.00 for a coin like this large cent below, would it have about the same purchasing power today as it had back when it was new? [ATTACH]249067.vB[/ATTACH] How much was a loaf of bread in 1800? A pound of tea? A dozen eggs? A glass of ale? A night in the hotel? A days pay? Thinking about a world of electronic currency, I have no problem with keeping copper, nickel, silver and gold in my purse. Seems like it has held it's own against inflation over time. If the world goes cashless, I think we've all gone broke. Hope my thoughts have not been boring.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Purchasing power of coins when they were minted? ( what was the )
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...