PCGS Announces New Research Archive!

LeeG

In case you missed it. I'm definately going to stay tuned. Lee


PCGS Research Archive

ziggy29

Man...about ten bucks for a 1796 half dollar in 1859. I think I'm gonna be sick.

kieferscoins

$10 was a bunch of money in 1859!

Cameron Kiefer

ziggy29

<< <i>$10 was a bunch of money in 1859! >>

Adjusted for inflation, it's still less than $300.

braddick

<< <i>

<< <i>$10 was a bunch of money in 1859! >>

Adjusted for inflation, it's still less than $300. >>

I don't believe that's accurate.

DominusDeus

According to an inflation calculator:

What cost $10 in 1859 would cost $202.96 in 2003.
Also, if you were to buy exactly the same products in 2003 and 1859,
they would cost you $10 and $0.49 respectively.

ziggy29

<< <i>I don't believe that's accurate. >>

Well, this site claims it's $217, though I can't vouch for its accuracy. I thought that seemed low, so I went up to $300.

In any event, it's surely nowhere *close* to $20,000 or more which is what this coin will cost today.

cointagious

A fine chain cent for 80¢ in 1855!

Dennis88

$3.50 for a 1850 3 cent pattern!!!

I need a time machine!!!

Dennis

clackamas

<< <i>$3.50 for a 1850 3 cent pattern!!!

I need a time machine!!!

Dennis >>



Yeh but you have to spend money, so that $3.50 is going to really be 7 bust halves. I guess you could raound up all the cleaned and tooled ones and go spend them.

BigE

Instead of using uncirculated they call the nice ones "splendid"----------I kind of like that better!---------------------BigE

nwcs

Adjusting for average inflation isn't accurate. It has to be adjusted by year as well as for the wealth explosion in the US. Not to mention the currency controls the government exercised then are very different from today. I'd say its real cost at that time was more than the $300 of today.

dorkkarl

that's a he11uva kool idea on pcgs's part. i think it's fantastic.

well done pcgs!!!

K S

mgoodm3

early half dimes for less than $2.37

ColonialCoinUnion

I had a good time tooling through those colonials prices -

A Washington Small Eagle cent, one of the most common colonials around today particularly in high grade, was shown for 2 times the price of a Higley back then.

nwcs

I found this to be an interesting statement that shows that nothing has changed:

Allowance must be made, in some cases, as to the condition of the coins sold; as, for instance, what one may call "uncirculated," others would only denominate as fine, or very good.

Talk about swings in grade!!!

LeeG

To echo K S's sentiment's: As usual, the Best (PCGS), continues to come up with idea's such as this to "Stay On Top". Great Job PCGS. Lee

P.S.: Just need to "Tweak" submission turnaround times to stay on Top though. But seems to be getting better, of late. Besides consistency in Grading, PCGS #1 concern IMO. As a business grows, so should it's workforce, to stay competitive in any marketplace.

RBinTex

"Adjusted for inflation, it's still less than $300."

Don't know about inflation but if compounded at 5% for 145 years it is now $11,815.40

braddick

<< <i>"Adjusted for inflation, it's still less than $300." Don't know about inflation but if compounded at 5% for 145 years it is now $11,815.40 >>

There you go. That's a more realistic value on the $10. of 1859.

Remember too to look at salary then vs now.

Coinosaurus

This is very cool. Kudos for PCGS for doing something above and beyond the call of duty.

shylock

This is very cool. Kudos for PCGS for doing something above and beyond the call of duty.

I second that! Look forward to seeing this when it gets rolling, great idea.

LALASD4

All the coins could be had at face value at some point. Paper money could have been had for less than face!

EagleEye

Great idea. Notice how the price of the 1856 FE cent dropped from $2 to $1 in 1859. That was due to the Mint restriking them (proofs).

airplanenut

<< <i>Great idea. Notice how the price of the 1856 FE cent dropped from $2 to $1 in 1859. That was due to the Mint restriking them (proofs). >>

Can I have one for $1? You'll be my best friend

Flipman

I look forward to researching the history of flips.

michael

this is a fantastic great idea i am looking forward to their next upload


michael