Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Purchasing Power of old Coins back in "the Day"??
>
Reply to Thread
Message:
<p>[QUOTE="Just Carl, post: 942424, member: 4552"]Actually I suspect the answer is a lot more complicated than people think. In the recent past prices were fairly set by companies, organizations, laws, etc. As you go farther into the past, many, many things effected the sale of items everywhere. For example in some areas in the past money was seldom used since the barter systems was more commone. Also, and not to long ago, trading was also common with pelts, skins, trading of all types of items was even as common as necessary. Even when I was a kid my grandparents did almost all of their purchases by trading or bartering. I'm sure the usage of coins in the 1700's and even well into the 1800's were not the most used system in most of the Western areas of our country and even in most farm lands. </p><p>By this I mean the purchasing power of a $10 coin was what ever the area and situation demanded. You could say a loaf of bread was a Nickel but if you just traded for a slab of bacon, really difficult to say what anything really costs.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 942424, member: 4552"]Actually I suspect the answer is a lot more complicated than people think. In the recent past prices were fairly set by companies, organizations, laws, etc. As you go farther into the past, many, many things effected the sale of items everywhere. For example in some areas in the past money was seldom used since the barter systems was more commone. Also, and not to long ago, trading was also common with pelts, skins, trading of all types of items was even as common as necessary. Even when I was a kid my grandparents did almost all of their purchases by trading or bartering. I'm sure the usage of coins in the 1700's and even well into the 1800's were not the most used system in most of the Western areas of our country and even in most farm lands. By this I mean the purchasing power of a $10 coin was what ever the area and situation demanded. You could say a loaf of bread was a Nickel but if you just traded for a slab of bacon, really difficult to say what anything really costs.[/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 old Coins back in "the Day"??
>
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...