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0 pointskgwgk3y ago0 comments

>> If I was alive in 1923 and stashed away $8 million

> your 1923 dollars were likely silver dollars

It's unlikely that you had 200 metric tons of silver coins stashed away.

0 comments

> It's unlikely that you had 200 metric tons of silver coins stashed away.

I think the grandparent was imagining they were silver certificate dollars[1], not actual silver dollar coins. That said, silver certificate dollars needed to be converted at some point in the past, in 2023 they can't be converted and only have collector value, and $8 million worth would dilute their collector value substantially.

[1]:https://www.investopedia.com/articles/markets-economy/090116...

kgwgkOP3y ago

I’m surprised that the certificates can be worth more. I guess they are rare - it may be hard to sell them all for much more than a dollar on average.

In any case eight millions are several metric tons.

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