[Hallicrafters] inflation

[lrlayton at cox.net]

Pete,
I was referring to value as defined by:

the worth of something in terms of the amount of other things for which it can be exchanged not a denomination of a stamp or money.

Yes, 5 cents is still five cents, but that 5 cent stamp won't send a letter. Actually it cost 8 cents to send an airmail letter in 1965 which adjusted for inflation would be around 55 cents in todays money. Now most first class letters that travel very far go by air. Only letters to other countries require  airmail rates, so maybe 42 cents is not to bad.

If you have held on to a $5 bill since 1965 and it does not have any collector interest, then it has lost much of its value in terms of what you can purchase.

Les






---- Peter Markavage <manualman at juno.com> wrote: 
> The value of a printed stamp, in this case 5 cents, doesn't change with
> inflation. If they printed a 5 cent today, it's value is still 5 cents. I
> will agree that the paper and printing costs have gone up from 1965 to
> 2008 but the value of the stamp in real dollars (or cents in this case)
> hasn't changed. What has changed is what you can "buy" for 5 cents today
> verses what you could buy for 5 cents in 1965. Same goes for money. A 5
> dollar bill in 1965 is still a 5 dollar bill in 2008 unless of course you
> have one where Lincoln's portrait is printed upside down or some other
> strange rare printing anomaly.
> 
> Pete, wa2cwa
> http://www.manualman.com
> 
>  
> On Thu, 29 May 2008 11:47:56 -0700 <lrlayton at cox.net> writes:
> > Those 5 cent amateur radio stamps stamps from 1965 would cost around 
> > 35 cents in todays money. A Hallicrafters SX-117 that sold for $379 
> > in 1965 would be a whopping  $2584.70  now,  and todays gas at $4.00 
> > would be equivalent to  59 cents a gallon back then. The problem is 
> > that the dollar just isn't worth much these days!
> > 
> > These numbers are from the governments own inflation calculator at 
> > http://data.bls.gov/cgi-bin/cpicalc.pl
> > 
> >  
> > 
> > 
> > 
> > ---- Peter Markavage <manualman at juno.com> wrote: 
> > > I still have several 3 cent stamps (I think they had the Statue 
> > of
> > > Liberty on them) that I've never used. Plus, I still have a bunch 
> > of
> > > unused 5 cent Amateur Radio stamps that they issued "back in the 
> > good old
> > > days". 
> > > 
> > > I also have a refund check for 10 cents issued by the U. S. 
> > Government to
> > > some Private in the Army back in 1951 or 52. It's amazing the 
> > things you
> > > find stuck in the pages of old manuals.
> > > 
> > > Pete, wa2cwa
> > > http://www.manualman.com
> > > 
> > >
> > ______________________________________________________________
> > 
> > 
> ____________________________________________________________
> Need cash? Click to get a cash advance.
> http://thirdpartyoffers.juno.com/TGL2141/fc/Ioyw6i3mKetVrCHpzI0CMvveToIp9oJGoI0bz96tIop335jRV28mNL/
> ______________________________________________________________