My three cents worth. Montgomery Ward refund. Very old.

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Real Estate Agent with RE/MAX Advantage
https://activerain.com/droplet/5gz8

Montgomery Ward three cents refund old

My three cents. 

Wonder what the refund would be worth now?  And I wonder if I can still get the three cents?  I looked for a date and found none but this refund has to be old because Montgomery Ward & Co. has not been around in a long, long time.  If I lived close enough to the banks listed perhaps I could go in and cash it.

Where did it come from?  I had a son who was a collector.  He collected everything and while looking through some of his old things, I found this.  It is very fragile and might be worth something as a vintage Montgomery Ward memory?  

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Topic:
Lending / Financial
Location:
Arkansas White County
Groups:
Blast from the past !
Diary of a Realtor
Old Farts Club
Tags:
vintage
barbara s duncan
remax advantage realtors
montgomery ward
three cents refund
old refund

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Anonymous
Jim Bohannon

May 50 is printed in the upper right corner. It's possible the 3 cent refund was issued during the year of 1950.

Dec 17, 2018 05:08 PM #1
Rainmaker
1,043,986
Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR

Jim Bohannon says, "May 50 is printed in the upper right corner. It's possible the 3 cent refund was issued during the year of 1950."   

I think he is probably right.  So another Searcy Sleuth (Don Thompson) can probably figure out for me what 3 cents in 1950 is worth today!

Dec 17, 2018 05:15 PM #2
Rainer
246,721
Don Thompson
Donthomp Associates - Sunnyvale, CA

It wasn't 1850 because Montgomery Ward was founded in 1872 and closed Dec 2000 after 128 years. It has the distinction of being  one of the oldest names in American retailing and the originator of catalogue shopping. I have a sofa bought in the Plaza Mall store in Little Rock before it closed. I loved the store for it's bargains. 

 $0.03 in 1950 is equivalent in purchasing power to $0.31 in 2018, a difference of $0.28 over 68 years.

Dec 17, 2018 06:37 PM #3
Rainmaker
1,043,986
Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR

Don Thompson, super Searcy Sleuth, I knew you'd be able to figure that out.  So I now have 28 cents!!  I think I'd be better off to store it for another 68 years!  Or perhaps on ebay someone might pay 50 cents for it now??

Dec 18, 2018 05:46 AM #4
Rainmaker
3,578,190
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morninf Barbara. I love this and would frame it. Your son had a really good eye.

Dec 18, 2018 06:45 AM #5
Rainmaker
2,519,231
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Just the other day I was thinking about the effects of inflation over the years.  For example, I rented my first apartment for $60.00 a month.  That same apartment today would be 15 times that.

Dec 18, 2018 11:53 AM #6
Rainmaker
1,043,986
Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR

Sheila, I guess I should do that.  Or donate to a historical society.

Myrl, you need to move to a cheaper state....like Arkansas!

Dec 18, 2018 06:18 PM #7
Anonymous
PAUL E PLISZKA

I found a $0.03 refund coupon myself at an auction house dumpster. With 6 Penney's between us we might be able to get something real nice

Aug 19, 2019 06:52 PM #8
Rainmaker
1,043,986
Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR

Paul, at least we should be able to get a decent interest rate if we jointly deposit our money.

Aug 20, 2019 05:19 AM #9
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Rainmaker
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Barbara S. Duncan

GRI, e-PRO, Executive Broker, Searcy AR
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