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Thread: Why A Coticule?
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04-11-2012, 05:56 PM #21
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I am not going to point out the obvious in that ad
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04-11-2012, 06:02 PM #22
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04-11-2012, 06:05 PM #23
This thread has turned into a challenge of self-restraint.
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04-11-2012, 06:06 PM #24
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"Some times ago coticule were cheap, look at the price for half a dozen! but that in 1898!"
10 USD today sounds cheap, but I believe in those dates you can buy for 50 Cents and entire meal in a fancy restaurant, that exact meal will cost today like 30-50 dollars so if we make some proportion 10 dollars was a lot of money.
look at this dinner menu from a restaurant at 1900
10 USD will be like 1000 USD so they were expensive.
Regards
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04-11-2012, 09:20 PM #25
Another example, in 1968 a tin of Copenhagen snuff cost $0.30, a pack of Camel regular cigarettes were the same. I could find a gallon of gas for between $0.18 and $0.30 depending on where I went. A S&W model 19 blue 357 magnum with a 4" barrel cost $120.00 retail and a Colt Government Model 45ACP blue cost $135.00 retail.
A Ford Ranger XLT with a V-8 engine and automatic transmission ran about $3,000 and a single family home, 2 bedroom, 2 bath could be had, in Dade county FL, for as little as $9,000. So a dollar in 1968 buying power is worth about a dime in 2012 buying power. Of course a dollar was harder to come by back then so maybe it's really the same difference.
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04-11-2012, 09:25 PM #26
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04-11-2012, 09:33 PM #27
Well I think he mentioned that, but whatever.
using a rough inflation calculator, $10.00 in 1898 would cost $258.54 in 2010.
so, $43.09 per stone. Maybe you got a discount for buying in bulk?
The lower cost than today can also perhaps be explained by the fact that there was more than one mine operating and they weren't "collectors items" as such yet.
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04-11-2012, 10:58 PM #28
You all know, back in the days of the Klondike Gold Rush when they processed the ore this stuff they called "black sand" fouled up the process and they had to bring in engineers to figure out how to remove the stuff to get the gold. Once they did they just threw it away. That stuff was Platinum. It had little use back then and no value.
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04-11-2012, 11:15 PM #29
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04-12-2012, 12:53 AM #30
Not quite in the same league but in the iron range of Minnesota they mined hematite and discarded the tailings, known as taconite. They mined the hematite iron ore out and the mines shut down and the area became financially depressed. Then in the 1960s someone developed a process making pellets out of the taconite and for a couple of decades the iron range boomed again....... until the taconite was gone. Someday the coticule will be mined out ..... and I'll be RICH !!!!