panzerman Posted December 25, 2023 · Member Share Posted December 25, 2023 Back in 1971/ Christies Auction this "unique" AV 10 Scudi 1503 from the Marquisate of Carmagnola sold for 100UK Pds/ in 2015 Morton & Eden for 54K UK Pds. Back in 1971/ what a time to snag great coins! 10 1 Quote Link to comment Share on other sites More sharing options...
Benefactor DonnaML Posted December 25, 2023 · Benefactor Benefactor Share Posted December 25, 2023 Just think about what the price of gold per ounce was back then! 2 2 1 Quote Link to comment Share on other sites More sharing options...
panzerman Posted December 25, 2023 · Member Author Share Posted December 25, 2023 As far as inflation/ in 1971 A Canadian Silver Dollar = same buying power as (40) 2023 Loonies/ houses here that were 15K in 71 now sell for 1M+ Gold was $38US oz now over 2K Same coin would sell in 2023 at least 100K or more.... Many FDC AV 10 Dukaten/ Scudi/ Zecchini today hammer over 100K So, if you take inflation 40X 100 Pounds= 4000 UK Pounds today/ 2015 it hammered 54K Pounds= 540x increase. In 1971 The RCM sold Iran Proof Set 1971 (4AV/5AR) for $261 Canadian/ today that set in GEM proof sell for 3K ( not a good buy) compared to classic 10 Scudi. Lesson modern coins are not a great investment. All said 100 UK Pounds was a smashing deal in 71/ compared too 100K+ today. But you are right to point out gold price in 71. 1 Quote Link to comment Share on other sites More sharing options...
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