The CPI index says 5¢ in 1890 would buy then what $1.66 buys today.
( https://www.officialdata.org/us/inflation/1890?amount=0.05 )
The inflation chart at the bottom of that page is about to do the hockey stick pattern that Al Gore was so fond of.
Or from a different perspective, 5¢ of gold in 1890 would be worth $5.29 in 2023
( 18.94 : 2003.30 :: .05 : 5.29 )
( Oz. of gold in 1890 : Oz. of gold in 2023 :: .05 : 5.29 )
Take your pick.
Very cool site—thank you!
Everything I remember the price of way back when has gone up much higher than they say it should have! But I don’t remember the price of mundane stuff like bread, so I imagined it all evened out in the end!