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Tractor Talk Discussion Forum

OT: Gasoline is still $0.22!!

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Truth seeker

03-14-2008 10:44:20




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Hi!

I found this very very interesting.....

I go onto a site called coinflation.com every once in a while.

They will list what the melt value of different coins are, such as the 1909-1982 cent, and the 1983-2008 cent, and others.

Well, they also list the melt value of the old silver coins, the mercury dime, the 1932-64 quarter etc. I did a little calculation. today silver is approx $20.64 oz, the mercury dime is worth (in silver) $1.49, so with 2.2 dimes, you could buy, today, a gallon of reg gasoline @ $3.40 a gallon!

So, what do you think? Maybe gasoline isn't getting expensive, maybe our dollar is just losing.

Thought I'd post this to hear from y'all who remember buying gas with these coins!

P.S. Do you happen to have seen a show for kids called "shining time station"? Well the character called Skeamer, was always looking to get a nickel, not dimes, dollars, or cents. Nickels.
well.... he might have been on to something..... Today's nickel (1946-2008) is worth $0.07 cents!

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Dan-IA

03-15-2008 08:58:44




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 Re: OT: Gasoline is still $0.22!! in reply to Truth seeker, 03-14-2008 10:44:20  
lol that would almost pay for the propane to melt it down!



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Dan-IA

03-15-2008 08:58:38




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 Re: OT: Gasoline is still $0.22!! in reply to Truth seeker, 03-14-2008 10:44:20  
lol that would almost pay for the propane to melt it down!



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benny2

03-14-2008 11:45:32




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 When Silver was Re: OT: Gasoline is still $0.22!! in reply to Truth seeker, 03-14-2008 10:44:20  

When Silver was at regulated price before 72 it was $1.30. It takes 13 old silver dimes, before their circulation, to make 1 troy OZ of 99.99 fine silver. Hence the $1.30 price. Every silver coin had a its proportional amount of 99.99 fine silver in its face value. So one silver dollar had $1.00 worth of pure silver in it and so on.



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trucker40

03-14-2008 10:59:01




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 Re: OT: Gasoline is still $0.22!! in reply to Truth seeker, 03-14-2008 10:44:20  
Interesting.It kind of says we have inflation ten times higher than it should be.If our dollar was as it should be,it would still be 5 times higher than it is now.I guess that silver is inflated 5 times its worth if you bought it in British pounds.



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IH2444

03-14-2008 10:58:41




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 Re: OT: Gasoline is still $0.22!! in reply to Truth seeker, 03-14-2008 10:44:20  
In 2007 dollars gold is only half as expensive now as it was at it's peak in 1980.
Just another tidbit.



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