In 1849, a dollar could buy a variety of goods and services, reflecting the prices of the time. For example, a pound of coffee cost about 25 cents, while a dozen eggs were around 10 cents. A dollar could also purchase several loaves of bread or a modest meal at a tavern. Overall, it held significantly more purchasing power compared to today.
There is only ONE U.S. 1849 Twenty Dollar (Double Eagle) gold coin. It's a national treasure that is in the Smithsonian collection. The coin is priceless.
If it has one, it's on the reverse below the wreath. It can only be a C, O, or D mintmark.
Please look at the coin again. No U.S. one dollar gold coins were made until 1849.
If it were one of the possibly 2 genuine 1849 gold double eagles minted that year, its value would be astronomical. If it's one of the many copies sold on TV home-shopping shows, about 5 bucks. Wrong to day the replica is going so far for $20 dollar's I just sold one for that much.
If you got it from a bank or in change, it's just a dollar.
There is only ONE U.S. 1849 Twenty Dollar (Double Eagle) gold coin. It's a national treasure that is in the Smithsonian collection. The coin is priceless.
If it has one, it's on the reverse below the wreath. It can only be a C, O, or D mintmark.
The U.S. Mint did not produce any gold dollar coins until 1849.
One dollar could buy lots of things: Soda pop, candy, etc. Almost anything you can get at the dollar tree today you could get in the 80's.
The coin is just a 2009 Presidential dollar. The dual date 1849-1850 is the term of office he served. Value is $1- it's made of brass, not gold.
Please look at the coin again. No U.S. one dollar gold coins were made until 1849.
It cost 1 dollar and its delicious
no u would go to Walmart
If it were one of the possibly 2 genuine 1849 gold double eagles minted that year, its value would be astronomical. If it's one of the many copies sold on TV home-shopping shows, about 5 bucks. Wrong to day the replica is going so far for $20 dollar's I just sold one for that much.
It's just a dollar, spend it.
Maximization of profit is maximizing the profit to cost ratio. if you can sell something for a dollar that costs a quarter to make you have a 75 cents profit but if the same item cost 50 cents you would only have a quarter profit. maximization of profit takes into accout sullpy and demand. lets say 100 people want your product. if it costs a dollar only 80 people would buy it which would give you a 60 dollar profit. but if it you sold it at 1.50 only 40 people would buy it and you would have a 50 dollar profit. and if you sold it at 50 cents all 100 would buy it but you would only make a 25 dollar profit. so the mazimization of profit would be to sell at 1 dollar.
It would depend on what you were buying. A better question would be "how much would 1 dollar be worth in 1954?" which unfortunately I don't know. Hope I helped!