Teeny tiny windfall from 1973.

endacl

OK. This one might be a bit o'craic for the financial analysts of this fine forum...

I was going through some 'shoeboxes of stuff' in storage in my mother's place, and stumbled across a Cairteacha Coigiltis (state savings certificate issued by the post office) from 1973. This was a gift to me from an old maiden great-aunt, for my birthday. It's in the sum of £1, which would have been a generous amount to receive from an old maiden great-aunt in those days. There's a chart on the back, indicating the 'growth in value of the savings certificates of the seventh issue' would have yielded £1 s10 d0 after eight years. I've no idea what it might be worth now, and it is with this fact in mind that I turn to you good folks.

What might a savings cert, bought in 1973 in the amount of one old quid, be worth today? Am I in position to take advantage of the impending second property bubble? Should I put a down payment on that Jag? Or should I pop it back into a shoebox of stuff as a nice quirky little reminder of the past?

Disclaimer: Yeah. I know. Probably about a fiver. I wouldn't cash it anyway. It's kinda nice to have.

LimeFruitGum

I've no idea how to convert old money, but did you email An Post to ask? (Service@StateSavings.ie) ?
You might have enough for a prize bond :-D

lucky john

saving certs and bonds are for a fixed period of time. upon maturity you will be given the chance to reinvest or get your cash back. if you don't respond the money is generally put in a 0 interest account. chances are your 1 pound is there somewhere gathering more dust than interest.

I can tell you that £10,000 continuously rolled over into certs from 1987 until 2014 would be worth €67,000.:)

call 1850 30 50 60 and give them the cert number and see what they say, just out of curiosity.

LimeFruitGum

Oooh, that is a seriously nice earner, LuckyJohn. :-)

endacl

lucky john wrote: »

saving certs and bonds are for a fixed period of time. upon maturity you will be given the chance to reinvest or get your cash back. if you don't respond the money is generally put in a 0 interest account. chances are your 1 pound is there somewhere gathering more dust than interest.

I can tell you that £10,000 continuously rolled over into certs from 1987 until 2014 would be worth €67,000.:)

call 1850 30 50 60 and give them the cert number and see what they say, just out of curiosity.

Will do. As I said, it's unlikely I'll be cashing it, as its a nice little memento, and not worth much at all.

On the other hand, if it's worth bazillions, I hereby undertake to buy a pint for all the respondents to this thread thus far.

unkel

lucky john wrote: »

I can tell you that £10,000 continuously rolled over into certs from 1987 until 2014 would be worth €67,000.:)

That £10,000 in '87 would have bought a new 3 bed semi house in one of the cheaper but decent Dublin suburbs. The €67k now wouldn't buy you a house anywhere in Dublin, not even in the most deprived areas. Just sayin'

euroboom13

unkel wrote: »

That £10,000 in '87 would have bought a new 3 bed semi house in one of the cheaper but decent Dublin suburbs. The €67k now wouldn't buy you a house anywhere in Dublin, not even in the most deprived areas. Just sayin'

That house for £10k in 1987 was good VALUE ,and people(some wishful people) think property is good value now!:)