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 Replies: 18 / Views: 2,475 |
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Bedrock of the Community
United States
10029 Posts |
Where is Mr. Peabody when we need him?  |
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Valued Member
United States
465 Posts |
I wish I'd picked up a few 1794 flowing hairs back then.
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Bedrock of the Community
 United States
24858 Posts |
Coinguy, you inspired me to do a search on Internet Archive. Found this advertisement for Mehl's 1933 Edition. "Four-page, tri-fold advertising brochure for the Numismatic Company of Texas (B. Max Mehl), promoting rare coins and Mehl's related publication, the Star Rare Coin Encyclopedia." Amazing Profits for those who know OLD MONEY! https://archive.org/details/Mehl193...lar/mode/2upInordinately fascinated by bits of metal with strange markings and figures
Edited by HondoB
03/26/2023 11:20 pm
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Pillar of the Community
United States
5825 Posts |
Rats.
Where did I put my time machine!?
I paid a LOT more for my 1856 FE.
(See my pic on the left.)
Edited by kanga
03/27/2023 09:56 am
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Pillar of the Community
United States
3848 Posts |
I think I have the same edition! Neat price guide to reflect and dream.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Pillar of the Community
United States
4233 Posts |
Mehl had quite a thing going, didn't he. He basically started the whole "get rich from pocket change" phenomenon. I love these old price guides.
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Moderator
United States
187446 Posts |
Very interesting!  |
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Bedrock of the Community
United States
17884 Posts |
One thing you have to remember with these items, They do NOT reflect what these coins were actually worth at that time. The Star Rare Coin Encyclopedias were Max Mehl's BUYING guide as offers to a UNKNOWLEDGABLE non-numismatically informed general public. He would happily pay you those prices, but you wouldn't be able to buy from him at anywhere close to them.
Think of this as what the guys who go around the country setting up in hotels offer to buy coins from the public. Or maybe less.
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Moderator
United States
54280 Posts |
You had to PAY $1 (equivalent to $17.91 today) to find out how much B. Max Mehl would pay for your coins.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Bedrock of the Community
United States
94367 Posts |
Just great fun. whatever the prices represent.
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Pillar of the Community
United States
3634 Posts |
That's quite interesting. Somewhere in one of my boxes of mementos in my storage room (referred to by my wife as boxes of junk), I have a couple coin price lists from the first dealer I actually bought mail-order coins from back in the late '60's or early '70's.
I'll have to see if I can find them, though I'm sure when I do I'll kick myself for not using more of my lawn-mowing money to buy coins back then...
Edited by hokiefan_82
03/30/2023 10:24 pm
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Pillar of the Community
United States
1101 Posts |
I'd be happy to go back to the 1970's when I could buy nice BU Morgans for $ 8.00 each. Wish I had bought a lot more of them. Somewhere in my stuff I've got one of those Star catalogs and some other old catalogs. If I remember correctly, one was an Elder catalog from about 1916. They are fun to look at.
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Bedrock of the Community
United States
17884 Posts |
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. |
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Pillar of the Community
 United States
4587 Posts |
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/ |
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Pillar of the Community
United States
1101 Posts |
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
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Posted 03/26/2023 11:13 pm
