Inflation Calculator - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 2 / Views: 1,586
adobero1 Valued Member United States 363 Posts	Posted 08/26/2005 02:20 am Today at a thrift store I happened to pick up a Red Book from 1968 purty cheap. As I was looking at some of the coin values and comparing them to the values in the new Red Book I got to wondering if the actual value of the coins have changed from then to now. I happened on this neat site: http://www.westegg.com/inflation/ which allows you to type in an amount of money in a certain year, and then find its corresponding value in 2005. For example, I found that a common date Unc Large Cent in 1968 catalogued at 55 to 65 dollars, in the new Red Book anywhere from 150 to 250 in MS 60. The inflation calculator says that a dollar in 1968 equals about 5.50 now...so, large cent common dates have stayed about the same in value and maybe even are a little bit cheaper. A 93 S Morgan in 1968: 525 in EF; in 2005: 8,500. Now, there's a coin whose actual value has gone up. So, I guess the moral of the story is common coins just about hold their own, true rarities get rarer. Let's see, a gallon of gas in 1968, about 25 cents, today, 2.50 to 2.60....a gallon of gas is about twice as valuable as it was in 1968! Report this Post to the Staff

robocp Valued Member United States 146 Posts	Posted 09/01/2005 2:17 pm I look at these as well for lot's of thing's. I have an old sear's catalog, and evrything is so cheap, However the point I wanted to make earlier was that although the coin's were cheaper, If you were to compare the price of inflation verse's other product's and the ave wage for the time. These actually took a larger chunk of expendible income, than they do now. The internet has really brought more of these item's out of private holding's, and into the marketplace. therefore they are not so scarce as it once seemed. Report this Post to the Staff
adobero1 Valued Member United States 363 Posts	Posted 09/01/2005 3:46 pm Yes, those are good points. There are lots of factors involved. When you think of the "old" days when you physically had to go to shows, or wait weeks for catalogues to arrive, many with poor quality photos, the easy acessibility of rare coins through the internet has changed the whole scenario. And, though there is still a lot of poverty, the new affluence of a lot of people has freed up lots of income for collectibles. I just hope though that people like me, who actually have to "go" someplace to work can afford to keep filling our tanks to get there! Ha ha. (I'm not really amused, that's a wry laugh!) My statement a few days ago about gas being about twice as valuable as in 1968 is already obsolete! I'm definitely thankful though, that I am able to go to work when I look at all the recent tragedies around the world. Report this Post to the Staff
	Replies: 2 / Views: 1,586

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.2 seconds to rattle this change.