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 Replies: 17 / Views: 3,404 |
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Rest in Peace
United States
9104 Posts |
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Bedrock of the Community
United States
20753 Posts |
I know how this usually effects us. I have all the Red Books from the first to present. Every once in a while I look up a coin in one of the early ones and think, why didn't I buy them then.
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Pillar of the Community
United States
1213 Posts |
Yeah, if only....  |
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Valued Member
United States
306 Posts |
Time machine to 1965? Forget that lets go back to the times when those keys were just getting pressed at the mint!
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Valued Member
United States
161 Posts |
in 1964 a gallon of gas was 25c .... if you saved that quarter you could still buy a gallon of gas today !
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Pillar of the Community
United States
1770 Posts |
amazing isn't it wish I could travel back to the 1960s not only for the coins but for all those concerts I could have seen HA!
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Valued Member
United States
234 Posts |
As they say, hindsight is always twenty-twenty. Interesting though. What can you buy for a quarter now?
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Bedrock of the Community
United States
17884 Posts |
Folks those were their BUYING prices. When I get into the shop I'll see if I can track down the Graysheet from back then and we can see how their buying prices compared to the market prices. OK I'm putting in the Greysheet prices I've been able to find in those grades (first two are the buy prices, last two are greysheet.) 1877 Indian Head cent: Good $45 Fine $100 G bid $95 F bid $180 1909-S VDB: V. Good $100 V. Fine $125 VG bid $115 F bid $135 1913-S Buffalo nickel Type 2: Good $12.50 Fine $20 G $22.50 F $40 1950-D Jefferson nickel: V. Good $3.50 V. Fine $5 avg circ $16 1916-D "MERCURY" Dime: Good $40 Fine $75 G $90 F $175 I can't find quotes for these until about ten years later which is too late to be relevant. But from the prices above you can see that their buy prices were about half of the market Bid price except for the SVDB which was probably higher because they could move it faster. So anyway double the buy prices and you've probably got a good idea of what the dealer bid price would have been at the time. 1895-O Dime: Good $22 Fine $55 1885 Liberty nickel: Good $27.50 Fine $45 1901-S quarter: Good $90 Fine $225 1916 Standing Liberty quarter: Good $150 Fine $225 1932-D Washington quarter: V. Good $5 V. Fine $10 Edited by Conder101
02/28/2012 10:06 am
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Valued Member
Canada
464 Posts |
Sure those prices look nice... However, what would the equivalent price be today when you factor inflation?
If that was priced in Canadian dollars, $1 in 1965 = $7.27 in today's dollars. (Source: Bank of Canada inflation calculator)
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Bedrock of the Community
United States
17884 Posts |
If you use the governments fictitious official CPI figures then for US $1 in 1965 is $7.20 in 2012. Using that figure the 1965 prices in 2012 dollars would have been 1877 Indian Head cent: Good $324 Fine $720 G bid $684 F bid $1296 1909-S VDB: V. Good $720 V. Fine $900 VG bid $828 F bid $972 1913-S Buffalo nickel Type 2: Good $90 Fine $144 G $162 F $288 1950-D Jefferson nickel: V. Good $25.20 V. Fine $36 avg circ $115.2 1916-D "MERCURY" Dime: Good $288 Fine $540 G $648 F $1260 A comparison of the adjusted 1965 bid prices compared to todays prices will show how much the coins have actually grown in value since then. Sorry I don't have current greysheet bid prices for them. Anyone else have them? |
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New Member
United States
43 Posts |
This made me thumb through my 1961 "Handbook of United States coins" blue book for perspective. A 1923 Saint Gaudens Double Eagle is listed at $36.50 in ex. fine..... For the most part the coins on the your list are listed at about 35% to 50% of that value in that '61 edition.... |
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Bedrock of the Community
United States
10284 Posts |
I don't mean to outdo or hijack your thread but I posted a topic on a 1943 booklet I found at a yard sale similar to that. These things are neat. https://goccf.com/t/94285#94285Edited by TNG
03/05/2012 10:21 pm
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Valued Member
United States
105 Posts |
The old books are really neat,  If we just knew then. Try some 30 year old ANA books like The Numismatists, and just read some of the article. whats neat about that is we know how the story ends before we read passed the title. Bob Edited by RJP
03/06/2012 11:13 am
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Pillar of the Community
United States
3294 Posts |
If we believe the governments CPI of 7.20x since 1965, then gas should only cost 1/2 what it does now.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Every once in a while I look up a coin in one of the early ones and think, why didn't I buy them then.{/quote]
Because back then money was much more valuable and you didn't have it back then like you don't have it now at the higher price. (I'm speaking in generalities.)
[quote]The old books are really neat, If we just knew then. We do. We have the same opportunities today that we did back then. Forty years from now we, those of us who are still alive, will look back at a 2012 RedBook or a greysheet and say "Why didn't I buy that back then?". |
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Replies: 17 / Views: 3,404 |
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Posted 02/26/2012 4:50 pm
