Ultra Rare MagiCans COCA-COLA Classic MAGIC Summer 1990 Promotional Can $5 Prize | eBay http://www.ebay.com/i/371946483652?roken=cUgayN&soutkn=h8YZ5i
Who remembers Coca-Cola Magi cans?
Probably no one!
MagiCans were a promotion from Coke that ran from May 7 - May 31 in 1990.
https://en.m.wikipedia.org/wiki/MagiCan
The promo had special cans distributed amongst normal cans of Coke with a spring loaded feature that popped out cash for lucky winners.
They looked like this:
And this:
This was another treasure hunt that fascinated me during that time period.
Although the promotion was a total disaster for Coke (read more in the wiki link) the idea that I could find one of these cans became a total obsession!
But what would I have been better off hodling from 1990?
This $5 bill:
Or $5 worth of gold:
According to an inflation calculator:
‘Prices in 1990 are 47.6% lower than prices in 2018.
In other words, $5 in the year 2018 is equivalent in purchasing power to $2.62 in 1990, a difference of $-2.38 over 28 years.”
http://www.in2013dollars.com
So that $5 bill would be worth $2.62 today. That’s assuming the bill even survived:
What about the $5 worth of gold?
Based on this number, $5 USD worth of gold in 1990 would be worth .0135 oz.
Today gold is $1346 USD per oz.
So that $5 of gold would be worth about $18 USD, over a 264% gain vs. a -47% loss in the $5 bill.
Gold is also immortal to time, so while the bill might be completely disintegrated and destroyed, the gold would be perfectly fine.
In a shocking twist....
I should have just kept the can!
Thanks for reading everyone!
Goldmatters
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