1) How much of the economy used "real" money in 1964 for the entire transaction? I am talking about paychecks, buying houses, a new aircraft carrier, stock market, etc. versus candy, cokes machines, and pay phones. Maybe 1/100th of 1%
2) It appears the economy did fine transitioning from "real money" to clad from 1960 to 1970, with a little bump in 1970 or so. How could this be?
Comments
I hesitate to call any coin "crap." If I can flip it for a decent profit, it is A-okay with me.
As for modern coins, I use the term to refer to any of the "dead head" presidential designs plus anything other coins dated after 1964.
Great transactions with oih82w8, JasonGaming, Moose1913.
It does amuse me the comment about "Real" money 1964 etc.
Here is a 10+ year GDP
1973 1,425,400M.$ 5.60%
1972 1,279,100M.$ 5.30%
1971 1,164,900M.$ 3.30%
1970 1,073,300M.$ 0.20%
1969 1,017,600M.$ 3.10%
1968 940,700M.$ 4.90%
1967 860,000M.$ 2.70%
1966 813,400M.$ 6.60%
1965 742,300M.$ 6.50%
1964 684,500M.$ 5.80%
1963 637,500M.$ 4.40%
1962 603,900M.$ 6.10%
1961 562,200M.$ 2.60%
1960 542,400M.$ 2.60%
2 questions for the Real Money Crowd:
1) How much of the economy used "real" money in 1964 for the entire transaction? I am talking about paychecks, buying houses, a new aircraft carrier, stock market, etc. versus candy, cokes machines, and pay phones. Maybe 1/100th of 1%
2) It appears the economy did fine transitioning from "real money" to clad from 1960 to 1970, with a little bump in 1970 or so. How could this be?