• GBU_28English
      833·
      2 months ago

      Lol this UI looks like if I click it I’ll have a reverse mortgage on my house in mere moments

      • Ghyste@sh.itjust.worksEnglish
        30·
        2 months ago

        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.

        • LibreHans@lemmy.worldEnglish
          24·
          2 months ago

          Silver has lost its status as money, so silver is much cheaper today than it would be if it still was money.

          • Ghyste@sh.itjust.worksEnglish
            81·
            2 months ago

            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.

            • LibreHans@lemmy.worldEnglish
              13·
              2 months ago

              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.

    • muzzleEnglish
      7·
      2 months ago

      Maybe they intended to invest it for a century and were counting on compound interest.

    • blind3rdeyeEnglish
      5·
      2 months ago

      I suppose the loss they are referring to is that they fumbled and dropped their cool mystique at a critical moment. How can you put a price on that? …

      Or perhaps they are talking about an accumulated loss. They’re basically out there flipping and fumbling coins all day - and after the latest one they’ve lost the equivalent of $30000 in total.

      • 1D10@lemmy.worldEnglish
        4·
        2 months ago

        Ok so by my math it would be close to 6760 quarters they would need to lose,so assuming a rate of 1 per day they would have started at the age of 16 and lost the last one at 30.

        I can only assume that at the age of 30 our hero packed it in,quit hanging around looking for dames, got serious about that whole time machine he was thinking about, jumped into 2024 and made this post as a warning to all of us.

      • DahGangalang@infosec.pubEnglish
        121·
        2 months ago

        Based on my (probably wrong) math, either a penny or, like a 2 cent coin (those existed at some point, right?).

        So the ratio of old money to new money is approximately .25 to 4.50, which means that the value of money has shrunk by a factor of about 18.

        25 cents over 18 yields ~1.38 cents.

        So if he took a penny, cut it into thirds, taped one of those thirds to another penny, and was able to flip that unbalanced mess, you could say he’d lost a modern quarter’s worth of value.

      • teft@lemmy.worldEnglish
        6·
        2 months ago

        A penny then is worth 18 cents now so he would need to flip a penny with a haypenny stuck to it.

      • kamenLady.@lemmy.worldEnglish
        5·
        2 months ago

        I had hopes to come up with a funny answer, but …

        1925 Standing Liberty Quarter Value

        According to the NGC Price Guide, as of September 2024, a Standing Liberty Quarter from 1925 in circulated condition is worth between $5 and $125. However, on the open market 1925 Quarters in pristine, uncirculated condition sell for as much as $3750.

        Source

        • cheese_greater@lemmy.worldEnglish
          5·
          2 months ago

          I’m not so much asking about the actual deflated value, I mean what was culturally the equivalent of flipping a cheap coin (quarter) back then? Like a penny that was quarter sized lol

          • kamenLady.@lemmy.worldEnglish
            3·
            2 months ago

            Since it wasn’t the equivalent of $ 30.000 by far and presumably used more likely similar to ours, i assume it was that very same quarter, that was usually used to flip the coin.