The Picard Maneuver@lemmy.world to Humor@lemmy.worldEnglish · 9 days agoI'll never recover from thislemmy.worldimagemessage-square38fedilinkarrow-up1784arrow-down113
arrow-up1771arrow-down1imageI'll never recover from thislemmy.worldThe Picard Maneuver@lemmy.world to Humor@lemmy.worldEnglish · 9 days agomessage-square38fedilink
minus-squareGhyste@sh.itjust.workslinkfedilinkEnglisharrow-up29·9 days agoSilver quarters were 6.25 grams of 90% pure silver. Silver is currently $0.91/g putting the value of the metal at about $5.10. Coin collectors today will buy your 1925 quarter for $30-$100 depending on condition. However in 1925 that quarter would be worth its face value of $0.25 — equal to $4.49 today.
minus-squareLibreHans@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down3·9 days agoSilver has lost its status as money, so silver is much cheaper today than it would be if it still was money.
minus-squareGhyste@sh.itjust.workslinkfedilinkEnglisharrow-up8arrow-down1·9 days agoYou’re welcome to figure that out yourself, but 6.25g of 90% pure silver will never be worth more than the collector value of the quarter itself.
minus-squareLibreHans@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down3·8 days agoI think you’re misunderstanding the valuation of money vs collectibles. Obviously an ancient artifact made of gold is worth more than the pure gold value. Same for rare coins. I was talking about silver as money, not as collectible.
Silver quarters were 6.25 grams of 90% pure silver. Silver is currently $0.91/g putting the value of the metal at about $5.10.
Coin collectors today will buy your 1925 quarter for $30-$100 depending on condition.
However in 1925 that quarter would be worth its face value of $0.25 — equal to $4.49 today.
Silver has lost its status as money, so silver is much cheaper today than it would be if it still was money.
You’re welcome to figure that out yourself, but 6.25g of 90% pure silver will never be worth more than the collector value of the quarter itself.
I think you’re misunderstanding the valuation of money vs collectibles. Obviously an ancient artifact made of gold is worth more than the pure gold value. Same for rare coins. I was talking about silver as money, not as collectible.