this post was submitted on 10 Sep 2024
792 points (98.4% liked)
Humor
7427 readers
77 users here now
"Laugh-a-Palooza: Unleash Your Inner Chuckle!"
Rules
Read Full Rules Here!
Rule 1: Keep it light-hearted. This community is dedicated to humor and laughter, so let’s keep the tone light and positive.
Rule 2: Respectful Engagement. Keep it civil!
Rule 3: No spamming!
Rule 4: No explicit or NSFW content.
Rule 5: Stay on topic. Keep your posts relevant to humor-related topics.
Rule 6: Moderators Discretion. The moderators retain the right to remove any content, ban users/bots if deemed necessary.
Please report any violation of rules!
Warning: Strict compliance with all the rules is imperative. Failure to read and adhere to them will not be tolerated. Violations may result in immediate removal of your content and a permanent ban from the community.
We retain the discretion to modify the rules as we deem necessary.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.