And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
Tuesday, October 8, 2019
A real silver dime. Wonder what one is worth today just in scrap silver?
Thank you for that link TW. I've also wondered how much $$$ is in the silver in pre-65 coins. I know it fluctuates, but this is a good way to get a ballpark figure.
I asked my dad. In 1962 he was a senior in highschool. He could buy a cheap loaf of bread for a silver dime. Sell that same dime today, buy a cheap loaf of bread with the money you get for it.
jim rock's comment makes the point. Same with a $20 gold piece (1 oz), today's gold value will buy about the same as the gold piece would buy in the '20s. It's been down hill since going off the gold standard.
In 1968 minimum wage was 1.60 an hour.....the average wage was about 3.20....today the average wage is 32.00 an hour, the minimum wage is 7 and change....as you can see, not only did the minimum wage not keep up, but, even though average wage is ten times higher, so is the cost of living....who makes out on inflation?....the banks....
$1.28 as of right now. Calculate here:
ReplyDeletehttp://www.coinflation.com/coins/silver_coin_calculator.html
You beat me to it, Wookie. I have a bookmark on that site...........
ReplyDeleteThank you for that link TW. I've also wondered how much $$$ is in the silver in pre-65 coins. I know it fluctuates, but this is a good way to get a ballpark figure.
ReplyDeleteA dollar in pre-65 coins contains about 0.723 ounces of silver, so you can just take 72% of the spot silver price for a first estimate.
DeleteAt the moment, the spot price is $17.68, so that says $12.79 for the value of a silver dollar, which gives you the $1.28 for the dime.
I'm an engineer. Naturally I have a spreadsheet.
I asked my dad. In 1962 he was a senior in highschool.
ReplyDeleteHe could buy a cheap loaf of bread for a silver dime.
Sell that same dime today, buy a cheap loaf of bread with the money you get for it.
Old enough to remember getting barber dimes, bufflo nickles, seated liberty quarters and Indian head pennies as change
ReplyDeleteWorth a $1.28? Hell back in the 50s it bought me a cup of coffee better than the Starbuck's crap that now costs $5. Inflation sucks.
ReplyDeleteLove the fasces on the dime Mussolini is proud.
ReplyDeleteI wish i had a bunch of these. My daughter has a silver certificate dollar.
jim rock's comment makes the point. Same with a $20 gold piece (1 oz), today's gold value will buy about the same as the gold piece would buy in the '20s. It's been down hill since going off the gold standard.
ReplyDeleteIn 1968 minimum wage was 1.60 an hour.....the average wage was about 3.20....today the average wage is 32.00 an hour, the minimum wage is 7 and change....as you can see, not only did the minimum wage not keep up, but, even though average wage is ten times higher, so is the cost of living....who makes out on inflation?....the banks....
ReplyDelete