It's the 40th anniversary of the humble one pound coin and those of us of a certain age will remember that one could actually buy quite a lot with it. How about 16 Mars bars @Mars?
Nowadays, after 40 years of inflation, forget it.
uk.finance.yahoo.com
Nowadays, after 40 years of inflation, forget it.
What could you buy? Well, a single pound coin back then gave you enough purchasing power to afford six 16p first-class stamps, to keep up with your various pen pals. Or you could ignore your pen pals and buy six Mars Bars instead.
You could buy two loaves of bread (38p each), a dozen eggs (73p) and, if you scrounged an additional 2p, an entire pack of Benson and Hedges cigarettes.
But sadly inflation has not been kind to that beleaguered yet beloved piece of nickel brass.
Its worth has been eroded by the passage of time.
On its 40th birthday, the pound in your pocket is now worth just 30p
Picture the scene: it’s the summer of 1983 and you walk into your local corner shop. Every Breath You Take by The Police is top of the charts and blares from the radio in the corner.