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Huntington Bank Discovers Original Checks Signed By Lincoln, Washington, Edison, Twain And Others

Saturday, January 14, 2012 - 3:44 PM
From Cleveland's The Plain Dealer
Dozens of personal checks -- some 150 to 200 years old and signed by the likes of Abraham Lincoln, Charles Dickens, George Washington and Thomas Edison - have been unearthed by Huntington Bank.

Lincoln's check is particularly interesting. It was dated one day before he was shot. Also, it was made out to self for $800. The article claims today's value of $800 in 1865 is $11,260. Seems kind of low. I calculated that average inflation for those 147 years would be only around 1.8% for the value to be $11,260 in today's dollars.

If you live in Cleveland, you can view the checks at the new branch on 4260 Ridge Road, Cleveland, OH 44114 216-515-0064. It's scheduled to be on display there through January 31st.
4
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Sunday, January 15, 2012 - 9:04 AM
You're correct.  It is too low - closer to $19,600.  Test here

Cumulative U.S. Price Inflation (CPI-U, Annual Average)
1865-2012 = 2348.57%
Average = 2.30%
[Year 2012 not included in calculations]
1
CraigPDCraigPD94 posts since
Jun 12, 2010
Rep Points: 336
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