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The Ravages Of Inflation

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Sap's Avatar
Australia
16849 Posts
 Posted 08/19/2013  04:56 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
OK, here's a real history of the real penny. Not so much "ravaged" by inflation as having been inexorably worn down over the centuries, like a jagged boulder to a smooth pebble.

The-Ravages-Of-Inflation
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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United States
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 Posted 08/19/2013  4:18 pm  Show Profile   Bookmark this reply Add 3stooges to your friends list Get a Link to this Reply
The $1 FRN debuted 50 years ago in 1963. At the time, it was equal to a silcirculated, ver dollar. Take a common as dirt 1921 Morgan or 1922-23 Peace $1 today, and it's worth $25 or more. Compare that to an old circulated $1 FRN.
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NumisRob's Avatar
United Kingdom
17975 Posts
 Posted 09/12/2013  5:50 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
French 10-franc coins:
The-Ravages-Of-Inflation

Gold 1830-1914
0.680 fine silver 1929-1939
Cupro-nickel 1945-1949
Aluminium-bronze 1950-1958

During this period, 10 French francs would have declined from a sterling value of about 8 shillings (96 old pence) to about 2 old pence!
Edited by NumisRob
09/13/2013 08:32 am
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nalaberong's Avatar
Canada
2805 Posts
 Posted 09/12/2013  7:31 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Here's about 100 years of the Thai Baht, starting out as a freshly decimalized 15-gram silver coin, moving into base metal, downsizing some more, and ending as a little thing worth about 3 cents.
The-Ravages-Of-Inflation
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NumisRob's Avatar
United Kingdom
17975 Posts
 Posted 09/13/2013  08:34 am  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
Nice coins, nalaberong!

Never seen one of those big silver Bahts!
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 Posted 09/17/2013  3:19 pm  Show Profile   Bookmark this reply Add DaytR to your friends list Get a Link to this Reply
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austrokiwi's Avatar
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 Posted 09/18/2013  06:54 am  Show Profile   Bookmark this reply Add austrokiwi to your friends list Get a Link to this Reply

Quote:
OK, here's a real history of the real penny. Not so much "ravaged" by inflation as having been inexorably worn down over the centuries, like a jagged boulder to a smooth pebble.


As the penny is the descendant of the denari then you could actually go back 2 and a bit millennium instead of centuries
Edited by austrokiwi
09/18/2013 06:56 am
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 Posted 09/18/2013  10:50 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
If people keep changing the size of coins, imagine the poor kid at a gum ball machine. Or would they start making all sorts of gum ball machines?
Oddly enough I've seen bum ball machines that take Quarters.
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nalaberong's Avatar
Canada
2805 Posts
 Posted 09/18/2013  8:18 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Isn't that the normal gumball price?

You can pop in 10 yen or 1 franc and it works just as well (same with bathroom condom/tampon/etc. dispensers).

In Iceland, gumballs are 100 kronur... 80 cents! They have a perfectly good 50 kronur coin, but apparently it's not good enough.
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chetzler's Avatar
United States
206 Posts
 Posted 09/22/2013  11:01 pm  Show Profile   Bookmark this reply Add chetzler to your friends list Get a Link to this Reply
There's some cool stuff in here! Great idea, NumisRob, thanks for starting this thread and thanks to all of the others who shared their examples. I enjoyed seeing all of the foreign coinage.
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nalaberong's Avatar
Canada
2805 Posts
 Posted 10/30/2013  11:07 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Here's one year of Russian Federation 50 ruble coins:
The-Ravages-Of-Inflation
From bi-metal to aluminum-bronze to brass-clad steel on one year, and they kept the same design and size. I guess it would get confusing otherwise...
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nalaberong's Avatar
Canada
2805 Posts
 Posted 12/15/2013  2:57 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Here's the Austro-Hungarian kreuzer from 1816 to 1881. I think there are a couple others that came between, but I haven't got them:
The-Ravages-Of-Inflation
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SaintRidley's Avatar
United States
592 Posts
 Posted 12/16/2013  03:09 am  Show Profile   Bookmark this reply Add SaintRidley to your friends list Get a Link to this Reply
The-Ravages-Of-Inflation

Sap, stop, you're making me salivate.

Maybe one day if I'm real good Santa will gift me a penny from Alfred the Great's reign.

The-Ravages-Of-Inflation
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kbbpll's Avatar
United States
4233 Posts
 Posted 12/16/2013  1:01 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
nalaberong - and yet to the average Thai earning 300 baht/day minimum wage, those tiny coins are still valuable. (The mandatory 300 baht/day is new this year; formerly it was typically 100 baht/day).
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NumisRob's Avatar
United Kingdom
17975 Posts
 Posted 12/28/2013  06:07 am  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
Spanish 5-peseta coins:

The-Ravages-Of-Inflation

1870 - 1899: .900 silver, 25 grams
1949 - 1950: Pure nickel, 15 grams
1958 - 1989: Cupro-nickel, 5.7 grams
1989 - 2001: Cupro-nickel-aluminium-steel-maganese alloy, 3 grams
2002: Coin abolished as Spain adopts the Euro.
Edited by NumisRob
12/28/2013 06:16 am
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