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RE: COIN SHOP VISIT - FIVE DOLLARS AS TEN HALF DOLLARS - 20180616
I was watching GunSmoke on TV recently, and a Beer in the Saloon was a Nickel... One of the Half Dollars of "their time" could buy 10 Beers... In other words, you just made a deal that can be measured in terms of how much would it cost for 100 Beers at your favorite Night Club... Now, tell me if you think you got a good deal...
I think Gunsmoke represented The 1860s or 1870s. These coins were minted in the 1940s through 1960s. During those years, a beer cost around 50 cents to 65 cents.
I think I got a good deal today.
I was going by the Silver content of the Half Dollars or the 1860's, not really the dates on your coins... A Half Dollar back then was able to get you 10 Nickels and 10 Beers... I have a feeling 10 Nickels will soon buy you 10 Beers again...
After a bit of research, $5 for a week's labor was common in 1870's. Maybe averaging $7 for common labor in paper mills. After a week of labor, a laborer could purchase 100 beers.
The 1870's half-dollar had the same content as these half-dollars. The same amount of silver bought 10 beers in 1870s but only one beer in 1940s. $5 bought 100 beers in 1870s, but only 10 beers in 1940s.
Today, the silver content of $5 is worth about $60, so you could get about 12 beers at $5 each. So, we are better off today than in 1940s.
Today, at minimum wage $7.50 at 40/week a laborer gets $300/week and can only get 60 beers at $5 each.
Conclusion: Our new Trade Unit should be BEER!
I'm thinking the Federal Reserve had a hard time dealing with our Silver and Gold Coinage... They were able to fool people for a long time as our Silver and Gold Coinage co-existed with their Debt Notes... It finally did get to the point where it was no longer possible to cover up the difference between our Money and their Money... To this day, they're still doing their Manipulation Tricks... Their Debt Notes are going to become history, very soon... I sure hope we have the Back-Up Plan I've been writing about...