Money and Inflation! (transaction, make money, currency, dollars) - Economics - City-Data Forum

BORGUSX · 07-07-2008, 08:18 PM

So, I was wondering about how do you know when a piece of currency such as a coin or paper bill is worth more than its face value? In addition, why does a regular $100 bill from previous year is not worth more than it is when it comes to money transaction, it is because for example, $250,000 USD from the 50's is worth more in today's dollars? Is it because it is not practical to convert money to their current value?

chris_ut · 07-07-2008, 09:49 PM

Money is worth its face value unless it is made of a precious metal or has additional value as a collector's item.

Rickers · 07-08-2008, 09:05 AM

See the post titled Melting money to make money, these threads may be merging !
And did I mention that Americans are so much better looking than everybody else !
Oh my I'm sorry my very cheap humor just can't stay under control !
By the way in these times, all metals already mined and refined are precious.
Are you recycling ?