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 Replies: 22 / Views: 3,487 |
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Pillar of the Community
Canada
2845 Posts |
In 1962 my parents bought a newly built house, plumbing, hardwood floors, it was a big deal. The price was $12,000. Average annual total household income at the time was about $18,000 per year, what was called "baby bonus" cheques (prior to child tax credits) from the govt monthly per each child $6.00. The reason gold coins were cheap was because gold prices were low. Heck silver as well, that's why our coins were still being minted from that. But for the typical familiar it didn't matter because most had just enough money to get by.
As Pacificoin mentioned, I also think families were much poorer back then. Eating out was a big occasion, a lot of kids clothing was made by sewing machine, one Christmas gift was the norm, appliances lasted much longer, things were fixed instead of being tossed....
Edited by wildflowerAB
01/16/2016 12:16 am
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Valued Member
Canada
118 Posts |
In 1955 my parents bought a large lot in West Vancouver for $2,000 and paid $10,000 to build a new house on the property. They could only afford it with a veteran's loan.
Remember that gold was held to a standard price of $32 per ounce at that time, when government currency was linked to gold reserves.
I also agree it is likely more affordable now than it was then to collect coins.
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Pillar of the Community
 Canada
5402 Posts |
@ Wildflower and remember before SPP chimes in................ I walked to school uphill both ways barefoot!!  |
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Pillar of the Community
Canada
2845 Posts |
Yeah, no kidding. Barefoot, plus that was in the snow too! In fact if I recall correctly sometimes instead of walking we slid uphill on a toboggan, both ways. Edited by wildflowerAB
01/16/2016 12:29 am
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Valued Member
Canada
118 Posts |
Not sure what you're getting at? Or do you have to be part of the old boys club here?
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Pillar of the Community
Canada
2845 Posts |
Osiris you might not have noticed it mentioned on this forum although it is from time to time, but it's otherwise a fairly common saying meant to take joking that others make toward those of us who are older, when we talk about past times.
No old boys club, in fact I'm a female:-)
Edited by wildflowerAB
01/16/2016 12:39 am
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Pillar of the Community
Canada
5402 Posts |
Another point to remember that 1960 was just about at the start of the bag and roll craze in both Canada And the US.
Coin collecting was just becoming popular for the masses , especially in Canada where very few collected before this time.
Even in the end period of silver in the late sixties, you get an incredible amount of better coins for FACE.
I had a morning and an afternoon paper route and received many fifty cent coins on collection, and a lot of customers would tip silver dollars during the year. In 1966 I was able to acquire every fifty cents from 1900 to 1966 for face except 1921 and 1947 Curved Maple. Sure some were not nice but they cost face! With dollars if you had a friendly teller at a bank the only ones you would ever pay for were 1945,1947 or 1948.
The rest were all out there for a buck.
The persistent roll hunter could get all the key cents and nickels without ever paying over face.
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Pillar of the Community
Canada
2845 Posts |
I don't recall many $1 or 50c pieces in general circulation in the 60s, but maybe that was because getting a dime or quarter to spend was a lot of money for a kid. In the 70s my first job was a bank teller, where I worked banks were supplied with them but were given in change only if customers asked. The $1 note was probably preferred because it was less bulky. Interesting the $2 note though, to some that was bad luck. I don't think I ever heard why.
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Pillar of the Community
Canada
2845 Posts |
"My father walked to school 4 o'clock every morning with no shoes on, uphill, both ways, in 5 feet of snow and he was thankful." This may have been the origin of the joke, a standup comedy act by Bill Cosby, presumably speaking to a son or daughter who didn't feel like walking to school. It's so ridiculous funny, it's hilarious! |
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Pillar of the Community
Canada
5402 Posts |
So you must have been an AB gal way back then ? In BC 50 cents were easily available and two dollar bills as well. All the banks had silver dollars for the asking.
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Pillar of the Community
Canada
2845 Posts |
Yes, then too, it's been downhill ever since. Okay, I must stop this silliness. Seriously, $2 banknotes were certainly in circulation but often they were refused. On that topic I recall many, many times opening rolls of coin with clips and outright blanks. If it was not suitable to give to customers we were allowed to write it off and we just threw the damaged goods in the garbage. It horrifies me to think it had some value. BofC never compensated banks for "mutilated" or irregular coin, so yes it was thrown away. Edited by wildflowerAB
01/16/2016 01:13 am
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Pillar of the Community
Canada
849 Posts |
So the 1960 book says an EF 1948 50 cent piece was $6. I put that into an online inflation calculator for Canada and it came up with a value of $48.76 in 2015 money.
Trends puts an EF40 at $200 and I thought I did well last year finding an EF40 ICCS 1948 for just under $140. That is probably one of the few coins that have tripled the inflation rate in the last 55 years.
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Pillar of the Community
Canada
2845 Posts |
According Charlton, the listed value of a 1948 50c in 2002 (EF-40) was $160.
In 2015 the same coin was at $225 (ND) and $250 (WD), even higher than trends price.
You bought at probably what was about year 2000 prices.
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New Member
Canada
12 Posts |
Here is a scan from the 1st edition, 1952.  |
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Valued Member
 Canada
320 Posts |
Oh awesome, those early issues are so hard to find. Love it
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Replies: 22 / Views: 3,487 |
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Posted 01/16/2016 12:21 am
