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To: DeaconBenjamin
15 pounds of potatoes, 10 pounds of flour, 5 pounds of sugar, 5 pounds of chuck roast, 3 pounds of round steak, 3 pounds of rice, 2 pounds each of cheese and bacon, and a pound each of butter and coffee... two loaves of bread, 4 quarts of milk and a dozen eggs.

Then 5 dollars was nearly a quarter ounce of gold. Today, a quarter ounce of gold is near $300.00. Could you buy this for $300?

Well, using the handy price checker feature at Albertsons.com (here), here's what I come up with:

Item Price per item Cost
15 lbs potatoes $3.99 / 5 lbs $11.97
10 lbs flour $2.49 / 5 lbs $4.98
5 lbs sugar $3.59 / 5 lbs $3.59
5 lbs chuck roast $5.49 / 1 lb boneless chuck $27.45
3 lbs round steak $5.99 / 1 lb chuck steak (no round listed) $17.97
3 lbs rice $1.89 / 1 lb long grain rice $5.67
2 lbs cheese $5.49 / 1 lb cheddar cheese $10.98
2 lbs bacon $4.49 / 1 lb bacon $8.98
1 lb butter $3.49 / 1 lb butter $3.49
1 lb coffee $8.59 / 1 lb coffee $8.59
2 loaves bread $2.89 / 1 loaf $5.78
4 quarts milk $3.99 / gallon $3.99
1 dozen eggs $2.69 / dozen $2.69
TOTAL $116.13

94 posted on 08/07/2010 9:31:15 AM PDT by snowsislander (In this election year, please ask your candidates if they support repeal of the 1968 GCA.)
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To: snowsislander
Thank you. So, if you had a 1913 $5 gold piece, and sold it for scrap gold value today, you could buy nearly three times as much in groceries as you could in 1913. Very interesting.

Indian Half Eagle 1908-1929 $290.96

Gold Coin Value Guide

96 posted on 08/07/2010 1:34:09 PM PDT by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)
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