What I found in my dresser drawer!

wolf · 01-05-2010, 01:53 PM

Let's just say that I know someone who prefers real money to specie currency.

xoxoxoBruce · 01-05-2010, 10:59 PM

But you might have to go to the secret bunker to do the deal.

Elspode · 01-06-2010, 05:46 PM

That's awesome, Chris. Keep us posted on the outcome of your sale, should you sell it. Might be able to buy a sexy new lens or something.

chrisinhouston · 01-15-2010, 11:23 AM

Well I took my cool find to a big coin shop and they were thoroughly unimpressed. He basically weighed and said that based on the gold melt value it was worth $48.00. That's a far cry from the ones I saw at some coin dealer's websites that were selling theirs for $400 or so. Then I began looking on Ebay and found one auction for the same coin. It is currently at 3 days from the auction end and has a whopping 3 bids and is currently at $12.50. I'm going to watch it up until the end and if it doesn't rise to much I figure if I can get it for under $48 including shipping at least I'll have another one and it would have cost me less then the melt value.

glatt · 01-15-2010, 11:35 AM

I wonder what the buying power of 5 Marks was is 1877, and if it was more or less than the buying power of $48 today.

xoxoxoBruce · 01-15-2010, 11:52 AM

Here's 1938.

Quote:

In 1938 Fritz earned 6000 Marks, what would his equivalent salary be today? (back to top)

First, using the tables immediately below, convert the 1938 Marks to 1938 dollars.
In 1938, 2.49M=$1 means 6000M=$2409.
Now go to the inflation calculators section below, and see what $2409 in 1938 would be worth today (in 2007, for instance). The various indexes yield the following results:
$35,449.74 using the Consumer Price Index
$29,454.14 using the GDP deflator
$83,618.18 using the value of consumer bundle * [*2007 data is still preliminary in July 2008]
$75,744.52 using the unskilled wage *
$166,511.68 using the nominal GDP per capita [good for estimating the "status" of that income]
$387,267.03 using the relative share of GDP [good for estimating the share of national wealth]
Which measure would be most appropriate? Read the explanatory page on that site, Choosing the Best Indicator to Measure Relative Worth. For a salary or annual income, you will see that the "Consumer Bundle" or "GDP per capita" would be the best measures.
For the value of a simple commodity (loaf of bread, gallon of gas), you'd use the CPI.
For the cost of a building or public works project, you'd use the GDP deflator.

Pre-WWI, 4.198 Marks to the $US.

chrisinhouston · 01-23-2010, 05:51 PM

http://cgi.ebay.com/ws/eBayISAPI.dll...STRK:MESELX:IT

I have 6 days to go and it's bin bid up to $122.50. Last week I watched an eBay aution on the same coin end at around $153 and that coin didn't look as good as mine. Anyway, it's money I wasn't counting on and I have 10 auctions right now. Planning on buying the new Canon 5D II 21MP camera body with what I get from these sales. Then I'll take a trip somewhere!

01-05-2010, 01:53 PM	#1
wolf lobber of scimitars Join Date: Jul 2001 Location: Phila Burbs Posts: 20,774	Let's just say that I know someone who prefers real money to specie currency. __________________ wolf eht htiw og "Conspiracies are the norm, not the exception." --G. Edward Griffin The Creature from Jekyll Island High Priestess of the Church of the Whale Penis

01-05-2010, 10:59 PM	#2
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	But you might have to go to the secret bunker to do the deal. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

01-06-2010, 05:46 PM	#3
Elspode When Do I Get Virtual Unreality? Join Date: Dec 2002 Location: Raytown, Missouri Posts: 12,719	That's awesome, Chris. Keep us posted on the outcome of your sale, should you sell it. Might be able to buy a sexy new lens or something. __________________ "To those of you who are wearing ties, I think my dad would appreciate it if you took them off." - Robert Moog

01-15-2010, 11:23 AM	#4
chrisinhouston Professor Join Date: Sep 2001 Location: Houston TX Posts: 1,857	Well I took my cool find to a big coin shop and they were thoroughly unimpressed. He basically weighed and said that based on the gold melt value it was worth $48.00. That's a far cry from the ones I saw at some coin dealer's websites that were selling theirs for $400 or so. Then I began looking on Ebay and found one auction for the same coin. It is currently at 3 days from the auction end and has a whopping 3 bids and is currently at $12.50. I'm going to watch it up until the end and if it doesn't rise to much I figure if I can get it for under $48 including shipping at least I'll have another one and it would have cost me less then the melt value.

01-15-2010, 11:35 AM	#5
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	I wonder what the buying power of 5 Marks was is 1877, and if it was more or less than the buying power of $48 today.

01-23-2010, 05:51 PM	#7
chrisinhouston Professor Join Date: Sep 2001 Location: Houston TX Posts: 1,857	http://cgi.ebay.com/ws/eBayISAPI.dll...STRK:MESELX:IT I have 6 days to go and it's bin bid up to $122.50. Last week I watched an eBay aution on the same coin end at around $153 and that coin didn't look as good as mine. Anyway, it's money I wasn't counting on and I have 10 auctions right now. Planning on buying the new Canon 5D II 21MP camera body with what I get from these sales. Then I'll take a trip somewhere!

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)