Lot 1452
1926 $2.50 Indian. PCGS graded MS-64. CAC Approved. Housed in an Old Green Holder. Choice and frosty.
Some comparisons of everyday prices back then may be informative: at Hotel La Salle in 1926, "Chicago's Finest Hotel," a single room ranged from $2.50 to $7.00 per night. Breakfast at the hotel was 50c to 70c; lunch, 85c; dinner, $1.25, and Sunday dinner, $1.50. A hand-tailored, silk-lined tuxedo was $35. Toy electric train sets began at $5.75. A new gas range was $27.35. Smoked beef tongue was 29c a pound; flour $1.25 for a 24-1/2 pound bag (people baked their own bread back then); apples 49c for a box of a dozen. The fare to Bermuda from New York and back by ship was $70 (or twenty-eight of these $2.50 gold pieces). This price included the berth and meals. A new Hudson car cost $1,250 or a little more than 60 ounces of gold, which equates in today’s mini-dollar of to a whole lot more. In fact, multiply all of the above figures by 60 or 70 times to factor in the gold price rise of the last 75 years and you get a feel for the actual buying power of gold money like this 1926 Indian quarter eagle (PCGS # 7950) .
Estimated Value $800 - 850.
The Arden Collection.
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| Realized $1,208 |
