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The Magic Cafe Forum Index » » Trick coin trickery » » Help with 1946 coinage (0 Likes) Printer Friendly Version

Antares
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Newcastle
22 Posts

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Hi all,
I recently acquired a 1946 Walking Liberty Flipper, with some matching ungaffed coins. I don't live in the US so I normally have to come up with a story as to why I am using US coins. No problem there.

However to make the story authentic and believable, I need to figure out a bit about the value of money in 1946 USA. Being the end of WWII I figured it'd be really awesome to have the coins change hands between military folk. I have a great tale in mind (which I'll share here once complete).

So can anyone tell me:
a) What would a half dollar be worth in 1946?
b) Name a couple of consumer items that could be bought?
c) This is a stretch - what did an enlisted GI earn in 1946?
Close-up Magic Cabinet Makers.
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allen_m
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Alpine, TX
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According to the web site http://www.measuringworth.com (interesting site...)

.50 US from 1946 would be worth the following today:

Quote:
$5.51 using the Consumer Price Index
$4.38 using the GDP deflator
using value of consumer bundle
$9.51 using the unskilled wage
$14.90 using the nominal GDP per capita
$32.08 using the relative share of GDP


-A
Antares
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Newcastle
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Thanks Allen, that's a good start.

I see a coke was 5 cents.
http://www.adclassix.com/a3/46cocacolafountain.htm

How much is a coke today?
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pixsmith
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I think the question that you were asking, especially the first one, was not "What would a half dollar be worth in 1946? " since that answer would be fifty cents, but rather "What was the purcahsing value of a half dollar?" Toward that end, A 1.5 oz Hershey bar was a nickel, and this web site http://www.thepeoplehistory.com/40sfood.html gives you the idea of how much other things would coast -- a one lb chicken was about fifty cents, eggs were about 69 cents a dozen, and so on.

THis link
http://www.usmm.org/salary.html
does have some historical information on military salaries. I also think that my father paid $45 a month for rent with my mom after he returned from WWII in Texas.

There's a little help I hope.

FWIW, in either 1946 or 2009 coin of the realm,

Pix
Antares
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Newcastle
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Spot on! Thanks Pix.
Close-up Magic Cabinet Makers.
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