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<p>[QUOTE="yakpoo, post: 1524005, member: 18157"]Using the "relative worth" calculator provided by <i><b><a href="http://www.measuringworth.com/uscompare/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.measuringworth.com/uscompare/" rel="nofollow">measuringworth.com</a></b></i>, there are seven (7) different ways to measure the relative worth of money over time. I prefer to use the "Historic Standard of Living" calculator which simply tracks the change in the Consumer Price Index (CPI).</p><p><br /></p><p>In <b>1900 </b>(the year my Grandfather was born), one (1) dollar had the equivalent purchasing power of $27.60 today (<b>2011</b>). Using 27.6 as a multiplier, here is a list of coins in circulation in 1900 and their relative purchasing power today...</p><p><br /></p><p>1¢ - 28¢</p><p>5¢ - $1.38 </p><p>10¢ - $2.76 </p><p>25¢ - $6.90 </p><p>50¢ - $13.80 </p><p>$1 - $27.60 </p><p>$2.50 - $69.00 </p><p>$5.00 - $138.00</p><p>$10.00 - $276.00</p><p>$20.00 - $552.00</p><p><br /></p><p>Working this the other way (today's coins to 1900 money)...</p><p><br /></p><p>1¢ - 0.036¢</p><p>5¢ - 0.18¢</p><p>10¢ - 0.36¢</p><p>25¢ - 0.91¢</p><p>50¢ - 1.81¢</p><p>$1 - 3.6¢</p><p><br /></p><p>...that's just NUTS! :goofer:</p><p><br /></p><p>Can you imagine if we had a $552.00 coin today? How many would be minted? How many gems would survive (not be spent)? A US Mint set would have a $2230.88 (P&D) face value...probably sell for $2500/set...how many of those would sell?</p><p><br /></p><p>I think coin collecting would be a whole lot more interesting if coins had useful values...for commerce (which is the reason they're made...supposedly).[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 1524005, member: 18157"]Using the "relative worth" calculator provided by [I][B][URL="http://www.measuringworth.com/uscompare/"]measuringworth.com[/URL][/B][/I], there are seven (7) different ways to measure the relative worth of money over time. I prefer to use the "Historic Standard of Living" calculator which simply tracks the change in the Consumer Price Index (CPI). In [B]1900 [/B](the year my Grandfather was born), one (1) dollar had the equivalent purchasing power of $27.60 today ([B]2011[/B]). Using 27.6 as a multiplier, here is a list of coins in circulation in 1900 and their relative purchasing power today... 1¢ - 28¢ 5¢ - $1.38 10¢ - $2.76 25¢ - $6.90 50¢ - $13.80 $1 - $27.60 $2.50 - $69.00 $5.00 - $138.00 $10.00 - $276.00 $20.00 - $552.00 Working this the other way (today's coins to 1900 money)... 1¢ - 0.036¢ 5¢ - 0.18¢ 10¢ - 0.36¢ 25¢ - 0.91¢ 50¢ - 1.81¢ $1 - 3.6¢ ...that's just NUTS! :goofer: Can you imagine if we had a $552.00 coin today? How many would be minted? How many gems would survive (not be spent)? A US Mint set would have a $2230.88 (P&D) face value...probably sell for $2500/set...how many of those would sell? I think coin collecting would be a whole lot more interesting if coins had useful values...for commerce (which is the reason they're made...supposedly).[/QUOTE]
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