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Saturday, October 29, 2022

10/29/22 Report - Cross Find. Rare Coins Doing Well During Inflation. Inflation Calculator.

 

Written by the Treasureguide for the exclusive use of the Treasure Beaches Report.


Cross Find From Chris N.


I received the above photo and following request for ID help from Chris N.

This was found central florida after Hurricane Ian mid beach
Can anyone identify
Thanks ChrisN


Chris also said it is bronze.  Anyone who can provide any info or thoughts on this item, Chris and I would appreciate it.

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Rare coins continue to shine as their performance outpaces equities, real estate, precious metals and most other asset classes. The Walton specimen of the 1913 Liberty Head nickel was recently sold to Great Collections for $4.2 million. (The same coin sold in an auction in 2013 for more than $3.17 million.) Great Collections in turn has already resold the coin. This may be an outstanding example, but it is far from being alone. Truly rare coins, be they because of either their condition or they are date rarities, continue to move forward as equities, real estate and just about anything else...

Here is the link for more about that.



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$1 in 1977 is equivalent in purchasing power to about $4.90 today, an increase of $3.90 over 45 years. The dollar had an average inflation rate of 3.59% per year between 1977 and today, producing a cumulative price increase of 389.78%.

This means that today's prices are 4.90 times higher than average prices since 1977, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 20.408% of what it could buy back then.

$1 in 1977 → 2022 | Inflation Calculator (in2013dollars.com)

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Source: nhc.noaa.gov


A tittle action in the Atlantic, but nothing very significant.


Source: MagicSeaweed.com

Good hunting,

TreasureGuide@comcast.net