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Old 07-07-2008, 08:18 PM
 
Location: Eden Prairie, MN
432 posts, read 1,479,858 times
Reputation: 176

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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?
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Old 07-07-2008, 09:49 PM
 
Location: Houston, TX (Bellaire)
4,859 posts, read 12,095,972 times
Reputation: 4044
Money is worth its face value unless it is made of a precious metal or has additional value as a collector's item.
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Old 07-08-2008, 09:05 AM
 
Location: In The Outland
6,023 posts, read 12,237,749 times
Reputation: 3535
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 ?
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