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Postage The Same: 1822 And 2017

 
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Pillar Of The Community

United States
850 Posts
Posted 09/04/2017   3:41 pm  Show Profile Check paperhistory's eBay Listings Bookmark this topic Add paperhistory to your friends list Get a Link to this Message
Was just writing up some covers for ebay and noted to my amusement that the postage on this 1822 cover from Baltimore would be exactly the same (in nominal terms) if mailed today.

Back then, 70 cents paid 7x the 10 cent rate for 30-80 miles for a 1 3/4 ounce packet of banknotes. Today, a 1 3/4 ounce letter would go anywhere in the country (including Hagerstown) for that exact same 70 cents! I guess some things don't change, but I'd rather have the 70 cents that the sender paid in 1822 than the 70 cents that would be jiggling around in my pocket today...


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Bedrock Of The Community
United States
10625 Posts
Posted 09/04/2017   3:50 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
The seventy cents is not quite the same.........
If you want to compare the value of a $0.70 Commodity in 1822 there are three choices. In 2016 the relative:
real price of that commodity is $14.80
labor value of that commodity is $196.00 (using the unskilled wage) or $486.00 (using production worker compensation)
income value of that commodity is $510.00
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Pillar Of The Community
1151 Posts
Posted 09/04/2017   5:06 pm  Show Profile Bookmark this reply Add stampmaster to your friends list  Get a Link to this Reply
Now then, think about what coins were used to pay the 70 cents in 1822. Would be nice to have those coins today.

Stampmaster
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Valued Member
United States
266 Posts
Posted 09/04/2017   10:16 pm  Show Profile Bookmark this reply Add Rich60 to your friends list  Get a Link to this Reply
Relative values of money aside - that is an interesting and attractive cover.
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Valued Member
63 Posts
Posted 09/07/2017   10:15 pm  Show Profile Bookmark this reply Add kidrootbeer to your friends list  Get a Link to this Reply
"Now then, think about what coins were used to pay the 70 cents in 1822. Would be nice to have those coins today."

The Baltimore area was awash in Obsolete Currency and Shinplasters at that time... it wouldn't be a surprise if that expense was paper-paid
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Pillar Of The Community
1151 Posts
Posted 09/07/2017   10:22 pm  Show Profile Bookmark this reply Add stampmaster to your friends list  Get a Link to this Reply
Hi, can we see scans please.

Stampmaster
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