The Phaserl


Late’s Diner Manitowoc — Where One Can Time-Warp Back to 1964 Silver Coin Values

by PTS, SGT Report:

This might be a wee bit on the short side, since I am on family vacation and the wife is watching the kids in the resort pool at the moment.

It’s not often that a Silver stacker runs across something quite this relevant, so I felt the need to share the following anecdote post-haste while the pleasant experience is fresh in my mind. Our travels to our vacation destination caused us to drive past Manitowoc, Wisconsin, which, admittedly, leaves only a handful of possibilities as to the exact location of where we are vacationing. I had filed away this story from The Blaze in my mind written several years back, about a diner in Manitowoc which offered the option to pay for meals in Silver US coinage for 1964 prices.

Photo credit: The Blaze

Having re-read the Blaze story before we left our home, I grabbed a handful of pre-1965 coins from our Silver stash and followed the GPS to Late’s Diner. Upon pulling into the driveway, my wife noticed that the color of the exterior was different than the pictures and videos we had used to preview the place. The joint had undergone a renovation or at least, a face-lift. The interior was also different. Gone is the classic Northern Wisconsin Wood paneling in favor of while wall tile. But much more importantly to me, GONE was the South Wall sign indicating the prices of various menu items in Silver. At that moment, my heart sank and I was resigned to the real possibility of having to pay for this meal with our bank card, and so the very first question I asked our server was if they still accept Silver coinage as a form of payment. She seemed a bit confused, and obviously didn’t know what I was talking about (which told me that this isn’t something that happens every day there), but after conferring with a co-worker, she received an affirmative answer, so that was a huge relief for me. The weight lifted off my mind, my family ordered whatever they wanted on the menu (in case you are wondering, I opted for the 43 cent Medium Perch Lunch…Lake Perch tends to be somewhat pricey elsewhere). The food was what you’d expect from an old-town diner, all in all, a local business like this served a far superior product to the Applebees and Chilis of the world, though probably not at all healthier.
1964 Prices sign is still visible at 0.45 and also at 1:19 in the upper Right of the screen next to black t-shirt

But the point of the story is this, my family of 6 ate for…$2.15. The bill in Federal Reserve Notes came out to $43 and change, but when I went up to pay with Silver the conversion brought our bill to $2.15 in Silver Quarters and Dimes. Having brought no Silver War Nickels with me, I gave the girl $2.20, not expecting any change. However, she dutifully returned a modern-day nickel to me in what I found to be an awkward apples-to-oranges interplay of the two monetary systems.

This transaction ends up making winners of everyone. For me, the customer, it was a win on several levels. The business obviously wants to give a discount for Silver payers, so the food is cheaper in Silver compared to the cumbersome process of converting Federal Reserve Notes to Constitutional Silver and using those metal assets to buy food. The Fish Lunch I bought had a menu price of $12, but has a Constitutional Silver price of just a bit North $5 priced in FRNs. Additionally, at least now they are reckoning the value of Silver at $20 not per ounce (since our $43 bill came out to $2.15 in Silver, do the division you come out with an even $20 Silver credit per Federal Reserve Dollar), but per $1.00 in Constitutional Silver (which is about 7/10 of an ounce, so this makes Late’s Silver value somewhere around @25/oz during a time when Spot Price is under $17.oz), so it’s kind of a “double bonus” deal for the Silver-paying customer. On the other side of the coin, the Seller also reaps a huge tax benefit in this transaction, because as I understand tax laws, the diner can concievably claim to Uncle Sam that they only took in $2.15 for this large meal feeding a family of 6, to their great financial loss.

Which led me to think, what if every town in the US had a restaurant that operated like this…and a gas station, and a grocery store? Winners all around…lots of wealth staying locally instead of being siphoned off to the corporate headquarters, and many people waking up and shedding themselves of the “matrix.”

The real excitement for me was the teaching lesson for my kids, each whom I had told to bring 3 Silver dimes when them on vacation to pay for Sunday lunch. My daughters have more Silver than the average kids, which is probably not a surprise. They have come to expect that they’ll receive a 1-Ounce-sized Round each birthday, Christmas, and, if dad is feeling epecially generous, Easter. Also, they earn Silver during the school year for their Quarterly report cards, a Silver dime for every “A” which they can accumulate and trade in for Quarters, Havles, and Peace Dollars. But the frustrating thing for a Silver-stacker prepper dad is being asked by them if they can trade in their Silver to buy a newer iPhone or to get an X-Box or something else that they don’t need. Seeing how much food 30 cents bought them at Late’s Diner was the perfect real-life illustration I could give to my kids on how much Silver ought to be worth.

We still have a couple bucks in Silver coinage in the van as I type this out….pretty sure we will be stopping by Late’s on the way back home Wednesday 😉

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5 comments to Late’s Diner Manitowoc — Where One Can Time-Warp Back to 1964 Silver Coin Values

  • Rdawg

    This is obviously fake news, as everyone knows PMs are worthless and as common as a gallon of diesel.

    The real question is how many bitcoin does a hamburger cost?

  • Supermans Dog


  • Minuteman

    LOL Rdawg 😉

  • PTS

    Just got back home after eating at Late’s a second time on the return trip. This time, the family got burgers, malts, and sides, and our total bill came to $2.12 in AG coins. I got 8 cents back which a different worker multiplied by 20 to keep the exchange rate consistent, so I got a dollar and 60 cents in return.

    I asked the ringer how often people pay in Silver these days, and he said they get about 1 of these sales per week. They’d get a lot more if I lived closer.

    Also, the Silver Price sign isn’t up because they said they need to expand the options and update the prices.

  • Ed_B

    Now, that’s an amazing story. Thanks for taking the time to put fingers to keyboard on your vacation. Late’s is an awesome restaurant. If we had one of those in my town, we would be eating there weekly, if not more often. Same goes for visiting stores and gas stations that follow their silver lead. Not that I want to spend all my silver, of course, but it is cool to remember the days back in the 1950s and 1960s where those prices were REAL everyday occurrences. Of course, income was a lot less in amount back then but what you had sure went a LONG way. 🙂

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