A Rupee and a dollar of yore
The two girls at the service counter of a fast food outlet on Scott Road, Surrey B.C. were curious when I mistakenly used a couple of Rupee coins to settle my bill thinking they were ‘quarters.’ I apologized for the inadvertent error. Somehow, the coins were still in my wallet after my recent India visit.
“ Is that really a Rupee…can we have a look?” they asked and I showed it to them. One hundred and fifty years ago when their great, great, great grandfathers left the shores of India to work as bonded labor in Fiji a single Rupee coin was made of silver with the head of Victoria Empress of that day and time imprinted. The value at that time could be anybody’s guess but I recently happened see a craiglist type of website with someone from Vadodara, India putting up his 1870 One Rupee coin for sale for Rs.7 lac ( Roughly $15,000). It claims to have the image of Queen Elizabeth embossed on one side. Obviously, it is a bogus coin for the monarch in 1870 whose image appears on a One Rupee coin is that of Victoria Empress.
Only does an antique One Rupee coin have any value- so it would seem. Today’s Rupee coin can buy a matchbox.
But there was a time when a Rupee coin had solid value. In 1964 I used to have breakfast lunch and dinner at a College mess near Aurangabad in central India for roughly One Rupee and fifty paise. In 1956 one could spend an evening at the movies in Bombay city with one Rupee: A dress circle ticket to a Clark Gable film at Metro Cinema was ten annas; two annas was for transportation by the BEST bus and two annas for a packet of wafers and a soft drink during the ‘Interval.’ That left one with two annas to spend as one pleased.
Almost four decades later, in 1992 a friend of mine booked the Post and Department Guest House in Kodaikanal-a hill station in the South of India- for Rs.2 per day – roughly half a cent in Canadian money. There were two bedrooms in the guest- house and though a big muggy and quite unkempt, it was still an eyeball- popping deal. That was the concession for employees at the Post and Telegraphs in Madras. When we left we gave him a tip of Rs.20 for serving us well. The gratitude was evident on his face. He did not quite expect my friend-the Government employee to give him such a huge tip.
On Dec.3, 2010 at 3 am in the early morning, a little distance away from the arrival lounge at Mumbai International airport a beggar looked at my offering of five Rupees in disgust. A five Rupee note can buy one a cup of tea at a low- end roadside tea stall but obviously he was hoping for more.
Here too, in Canada, without considering the adjusted figure for inflation, it somehow seems a popular, weather- like topic to herald how much value one could get for a dollar in the past. Never mind the fifties and sixties, in the early-eighties, one would most likely need the assistance of a cart to do five dollars worth of grocery shopping. Today, you might think the salesgirl is being sarcastic if she offers you a ‘handout’ for five dollars of grocery shopping. Ever so often, a baby boomer will tell you of the time his father asked him to go round the corner and buy a copy the newspaper from the store for a dime. That analogy sometimes get confusing because even in 2011, we see huge volumes of the daily newspaper are distributed free of charge just presumably with the intention of having potential readers browse on ads.
But think of what a dollar was worth when Surrey came into existence in 1879. It might have fetched you small flower patch in Surrey. And what did the dollar bill have looked like? A 1898 Dominion of Canada one Dollar Bill features portraits of the Countess and Earl of Aberdeen, and lumberjacks at center. I am guessing it would have bought you a tank full of gas at Harry Whalley’s corner near 108 Avenue in 1907. At ten cents a gallon of gasoline, one could tank up one of the earliest model Ford cars and then drive off on a bumpy dirt road leaving behind a dust cloud along what we now refer to as King George Boulevard.