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.
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.
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
poorterpennyceMore 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.
Source
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.