For anyone curious:
Maybe they intended to invest it for a century and were counting on compound interest.
Or he just waited until 2009 and bought a bitcoin
Good thought. I figured it was just hyperbole.
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.
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.
Lol this UI looks like if I click it I’ll have a reverse mortgage on my house in mere moments
You’ve never used the Inflation Calculator before? It’s pretty much always looked like that.
No when I pay for things I breathe out so they know I’m not inflating.
Oh come on, who’s down voting this?
I thought it was funny 😄
You’re not far off!
It’s a pure silver quarter, need to check the price for silver.
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.
Inflation is the real joke here.
What would he have been flipping that was their equivalent of 25 cent coin?
$4.49
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.
I joked a quarter-sized penny. I call it: the
poorterpennyce
More likely they’d be flipping a nickel.
This is actually what I mean lol
I gotcha now
A penny then is worth 18 cents now so he would need to flip a penny with a haypenny stuck to it.
bees
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.
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
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.
I choose to believe they had an old-timey quarter-sized penny 😅
Edit: quarter-pennz
About 4 and a half dollars.
¢1 would have been ¢16.97, according to that converter
No, according to that converter, 1¢ would have been 17¢
Are you annoyed I didn’t round?
Is that all you see?
Edit: sorry about your reading comprehension
Lol, I changed the order of the cent sign to make it more understandable for the reader due to the decimal.
You and I clearly have different priorities when writing.
Uhhhhh … sure, buddy.
