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Old 12-12-2011, 06:50 AM   #1
Caligari
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Gold At 7.4 million dollars an ounce??

Actually 26.66 grams worth 7.4 million-
http://news.yahoo.com/ap-exclusive-r...082110448.html
Quote:
Minted by Ephraim Brasher, a goldsmith and neighbor of George Washington, the coin contains 26.66 grams of gold — slightly less than an ounce. Worth about $15 when it was minted, the gold value today would be more than $1,500.
The original value of the coin minted in 1787 was 15 dollars, which if you adjust for inflation is around 450 bucks today, of course adjusting for gold prices about 1500.00.

If anyone watches Boardwalk Empire set in the 20's, Nucky gets a new lawyer who wants to charge him 80 dollars an hour, which at today's adjusted rate would be about $905.00.

(this is according to the inflation calculator on this page http://www.coinnews.net/tools/cpi-inflation-calculator/ so i am sure it's approximate)

900 bucks an hour....for a lawyer.........

.
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Old 12-12-2011, 07:03 AM   #2
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niiiice....
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Old 12-12-2011, 07:06 AM   #3
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It's the old wanted poster problem, if the cowboys in the movies went after the bad guys dead or alive for a 150 dollar reward, people would laugh
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Old 12-12-2011, 07:12 AM   #4
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Nice find
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Old 12-12-2011, 07:33 AM   #5
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That's sick indeed!
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Old 12-12-2011, 10:03 AM   #6
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Quote:
Originally Posted by Caligari View Post
Actually 26.66 grams worth 7.4 million-
http://news.yahoo.com/ap-exclusive-r...082110448.html


The original value of the coin minted in 1787 was 15 dollars, which if you adjust for inflation is around 450 bucks today, of course adjusting for gold prices about 1500.00.

If anyone watches Boardwalk Empire set in the 20's, Nucky gets a new lawyer who wants to charge him 80 dollars an hour, which at today's adjusted rate would be about $905.00.

(this is according to the inflation calculator on this page http://www.coinnews.net/tools/cpi-inflation-calculator/ so i am sure it's approximate)

900 bucks an hour....for a lawyer.........

.
900 bucks an hour fror a top lawyer is not that much , you get what u pay for
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Old 12-12-2011, 10:16 AM   #7
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Quote:
Originally Posted by JFK View Post
900 bucks an hour fror a top lawyer is not that much , you get what u pay for
I'd imagine lawyers probably weren't as common then as they are now either.
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Old 12-12-2011, 10:26 AM   #8
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Originally Posted by JFK View Post
900 bucks an hour fror a top lawyer is not that much , you get what u pay for
Actually it is
Top corporate lawyer in U.S. billing at 1,250.00 an hour, and that is the TOP.
"Kirkland & Ellis lawyer Kirk Radke has emerged as one of the nation’s most expensive lawyers, court filings suggest.
Radke, a private equity and corporate lawyer, charged hourly fees of $1,250 in early 2010, the Wall Street Journal reports. He is one of an increasing number of top lawyers billing more than $1,000 an hour."
http://legalbillreviewerblog.com/201...lling-barrier/
http://www.abajournal.com/weekly/art...ling _barrier
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Old 12-12-2011, 10:27 AM   #9
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