The Star Rare Coins Encylopedia 1922 Editition - Page 2

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Author	Replies: 18 / Views: 2,482	Page: of 2

Conder101 Bedrock of the Community United States 17884 Posts	Posted 04/26/2023 03:51 am Quote: I'd be happy to go back to the 1970's when I could buy nice BU Morgans for $ 8.00 each. Why not go back just a few years earlier when you could get them from the bank at face value? They were available up until about 1968. Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4593 Posts	Posted 04/26/2023 08:57 am In 1975, the minimum wage was raised a dime to $2.10 per hour. You would have to work almost 4 hours (3.8) to afford that coin. In 2023, the minimum wage is between $7.75 and $16.50, and that BU (MS62) 1921 Morgan retails for $52 or 6.7 to 3.2 hours. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
Phil310 Pillar of the Community United States 1101 Posts	Posted 04/26/2023 2:48 pm Quote: Why not go back just a few years earlier when you could get them from the bank at face value? They were available up until about 1968. Didn't have any money back then. I'm pretty sure I was making minimum $ 1.60/hr when I bought the Morgans. $ 8.32 per Morgan (with sales tax at the time) would take 5.2 hours and that's before payroll tax deductions. I'm still glad I bought them! The guy selling them had rolls and let me pick out the ones I wanted. I tried to pick out the nicest ones.. Edited by Phil310 04/26/2023 3:03 pm Report this Post to the Staff
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