Assuming the coin is circulated and has no mintmark, the 1904 Morgan dollar is a little better date coin. For an accurate assessment of value the coin needs to be seen and graded. In general retail values for low grade coins are $36.00-$39.00, better grade are $40.00-$43.00 and coins showing almost no wear run from $45.00-$49.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched, used as jewelery or have been cleaned have far less value if any to a collector or dealer.
Asked businesses to limit prices and workers to accept fewer pay raises.
If your 1972 coin is a uncirculated example it may be worth about $5.00 because the 1971 & 1972 issue coins were not included in the Uncirculated Mint sets sold from the Mint in those years. For the Eisenhower series some of the coins struck at the San Francisco Mint (S Mintmark) were 40% silver, but in general none of the Eisenhower dollars regardless of date or mintmark struck for general circulation contain any silver or have more than face value. Only proof and uncirculated collectors coins sold from the Mint have premiums.
Gold and silver go up during inflation. So it is a good hedge during inflation. Inflation defined as "an increase in the money supply" rather than an "increase in prices."
In some currencies, the price of gold could be steady, while in others, the price of gold could be moving higher. At present, 2008/2009, the price of gold is moving higher versus all currencies. If you go to kitco and scroll to the bottom you'll see gold priced in all currencies. Look at the 10 year chart for each currency and see how the price of gold has increased. This is as a result of inflation.
If you look at prices of silver and gold versus the U.S. dollar long term, you'll see that when the price of the dollar goes down, gold and silver move higher and vice versa. Since the year 2000, the average price of gold and silver have been increasing in terms of U.S. dollars.
The fact that the U.S. (and other countries) are adding debt to debt is not going to resolve their economic crisis. If you have a credit card that has $10,000 of debt and you double your debt, are you anywhere closer to resolving your problems? No.
Another way of looking at it, is if all the money in the world bought all the goods of the world, and you doubled the amount of money, are the inhabitants any wealthier? No. It just will cost twice as much for the goods. Gold and Silver are the hedge that is needed to protect your wealth.
The cost of bicycle in 1977 depending on the brand and quality. A good quality bike from Schwinn cost about 75 to 100 dollars. Cheaper models could be purchased for around 50 dollars.
A period of inflation is best described as follows:
When prices are going up, but the value wages is remaining the same or decreasing.
== == As a disclaimer, the following paragraph is not supported by most economists. Most economists would suggest that the Federal Reserve might have helped it along but was far from actually causing inflation. Also, the question relates to how a student of management would look at the problem of inflation, not the causes of inflation.
Inflation in the United States is a result of money management policies instituted by the Federal Reserve. This was obvious to the opponents of the Federal Reserve in the 1913 Congress. The Federal Reserve Act was passed in a rush session of Congress just before they left on Christmans break, December 13, 1913. Representative Guernsey of Maine, a Republican on the House Banking and Currency Committee, said "This is an inflation bill, the only question being the extent of the inflation." In:http://wiki.answers.com/Q/FAQ/1786 Demand side factors: 1- Increase in nominal money supply: Increase in nominal money supply without corresponding increase in output increases the aggregate demand. The higher the money supply the higher will be the inflation. 2- Increase in disposable income: When the disposable income of the people increases, their demand for goods and services also increases. 3- Expansion of Credit: When there's expansion in credit beyond the safe limits, it creates increase in money supply, which causes the increased demand for goods and services in the economy. This phenomenon is also known as 'credit-induced inflation'. 4- Deficit Financing Policy: Deficit financing raises aggregate demand in relation to the aggregate supply. This phenomenon is known as 'deficit financing-induced inflation'. 5- Black money spending: People having black money spend money lavishly, which increases the demand un-necessarily, while supply remains unchanged and prices go up. 6- Repayment of Public Debts: When government repays the internal debts it increases the money supply which pushes the aggregate demand. 7- Expansion of the Private Sector: Private sector comes with huge capitals and creates employment opportunities, resulting in increased income which furthers the increase in demand for goods and services. 8- Increasing Public Expenditures: Non developmental expenditures of government lead to raise aggregate demand which results as increased demand for factors of production and then increased prices. Supply side factors 1- Shortage of factors of production or inputs: Shortage of factors of production, i.e. raw material, labour capital etc causes the reduced production, which causes the increase in prices. 2- Industrial Disputes: When industrial disputes come to happen, i.e. trade unions resort strikes or employers decide lock outs etc the industrial production reduces. And as a short supply of goods in the market the prices go up. 3- Natural Calamities: Natural disasters, invasions, diseases etc effect the agricultural production, and shortage of supply which furthers the rise in prices. 4- Artificial Scarcities: Hoarders, black marketers and speculators etc create artificial shortage to earn more profits by keeping the prices high. (in Pakistan bird flu dilemma and sugar crises are the major examples in this regard) 5- Increase in exports (excess exports): When the country has tends to earn maximum foreign exchange and exports more and more without considering the domestic use of the commodities, it creates a shortage of commodities at home which increases the prices. (With reference to Pakistan, the failure of export bonus scheme during 1950's is the most common example of this type of cause of inflation) 6- Global factors: This factor includes the changing global environment. Most common example is the rise in oil prices. This factor of inflation may vary in nature, i.e. it can be political, strategic, economic or logistic in nature. 7- Neglecting the production of consumer goods: When the production of consumer goods is neglected with reference to the increased production of luxuries, it also creates inflation. For example in Pakistan, in last couple of years our services sector has grown with the highest rate of 8.8% (mainly telecom sector), while basic necessities have been ignored which created increase in the prices of consumer goods. 8- Application of law of diminishing returns: this law applies when the industries use old machines and methods and, which increase in cost by increasing the scale of production. This furthers the increase in prices and hence inflation bursts out.
Under the Treaty of Versailles, the Germans were required to pay reparations to the winning Allied countries, primarily France. The amounts were denominated in French Francs which were pegged at a fixed rate of exchange against the German Mark. The German Chancellor of the Exchequer believed that by printing enough Deutschmarks, there would be enough money in circulation to pay off the French and have enough left over to finance the day-to-day needs of the German people, their businesses, and have enough left over to finance future business expansion.
It was a rather naive view of how currencies work together to derive a "real" value by comparing the rates of exchange with many currencies. When valued by the multiple exchange rate process, the German currency became almost worthless among European businesses and the German people suffered with out-of-control inflation and a near-total inability to trade with other countries.
It depends very much on the coin's condition and mint mark. See the Related Link to the right for specific price information. In circulated condition, it's worth $10-$12 You have to look up the grade in a coin book. An uncirculated 1884 Morgan Silver Dollar can be worth usually between $250 - $600. There are coins that value in to the thousands. It would be worth looking up the grade of your coin in a coin collectors value book.
why inflation increases when real GDP is above the potential GDP
Inflation is the most harmful to those that cannot afford it. Since it can cause people to lose money, it can be devastating to individuals and businesses that already have little money.
Decrease of consume, and increase of unemployment.
Increase on inflation rate means that you will buy less with the same amount of money. Or buy the same product spending more money. It's a very bad business.
if im asking for the answer why the f**k would i want to answer
Industries that are most sensitive to inflation include banks and other financial institutions. Since they make money by lending money, inflation hurts them first.
Franklin half dollars (1948-1963) are so common most are valued for the silver, about $12.00 as of today. The 1952 issue is a high mintage coin.
NOTE: The values for any silver US coins follow the Spot Price of silver, so values go up & down.
The government acts on inflation through The Federal Reserve. The Federal Reserve acts on inflation by targeting interest rates through the reserve requirement. When interest rates are high, people want to keep money in their bank accounts, and inflation decreases. When interest rates are low, people are more willing to spend their money and inflation increases.
Once, the Federal Reserve actually pushed the United States into a recession once to battle especially high inflation. Ever since then, it has been very important for the Federal Reserve to keep inflation in check.
The government, as demonstrated during the latest recession, enacts many different stimulus packages to help the economy recover and help unemployment come down from extremely high percentages.
In 1921 two different silver dollars were made, both dated 1921. The first one made is a Morgan dollar, on the front of the coin above Lady Liberty's head is the motto E PLURIBUS UNUM. The second one is a Peace dollar it has the word Liberty above Lady Liberty's head and the values are very different. Post new question with new information.
Population growth in Europe led to an increase in demand for consumer goods. This demand inflated the prices for the goods. At the same time, precious metals such as silver were pouring into Europe from the New World. This increase in money or bullion led to stimulation of the economy.
When a price for a certain good increases, perhaps due to higher demand or lower supply...
Lower supply counts for difficulties in deliveration, low production etc.
Lower demand counts for difficulties in getting consumers to buy the good, like no interest for it.