laurenceOfSuburbia@lemmy.worldBanned to memes@lemmy.world · 2 months agoInflation really hit differentlemmy.worldimagemessage-square21linkfedilinkarrow-up1614arrow-down113
arrow-up1601arrow-down1imageInflation really hit differentlemmy.worldlaurenceOfSuburbia@lemmy.worldBanned to memes@lemmy.world · 2 months agomessage-square21linkfedilink
minus-squareundefinedTruth@lemmy.ziplinkfedilinkarrow-up22·2 months agoNot how inflation works. He still is 50 Cent, his value just dropped.
minus-squareAgent641@lemmy.worldlinkfedilinkarrow-up6·2 months agoYeah exactly. At birth, his value in today’s money is about $3.10. assuming he is still $0.50, his purchasing power has dropped by more than 80%
minus-squareLifeInMultipleChoice@lemmy.worldlinkfedilinkarrow-up6·2 months agoWell if you ask a coin collector a coins rarity effects it’s value greatly. Being 50 Cent is the only half dollar stamped with 1975, that explains why he is now worth so much.
minus-squareundefinedTruth@lemmy.ziplinkfedilinkarrow-up4·2 months agoWell, yeah, but then you are talking about the non-fungability tied to his distinct features, not his transactional value.
minus-squareLifeInMultipleChoice@lemmy.worldlinkfedilinkarrow-up6·2 months agoYou didn’t think it was cool at all that no half dollars were minted with 1975 on them? Sheesh… I really am a dork
minus-squareswab148@lemmy.dbzer0.comlinkfedilinkarrow-up4·2 months agoI thought it was cool, thanks for teaching me an interesting fact!
Not how inflation works. He still is 50 Cent, his value just dropped.
Yeah exactly. At birth, his value in today’s money is about $3.10. assuming he is still $0.50, his purchasing power has dropped by more than 80%
Well if you ask a coin collector a coins rarity effects it’s value greatly. Being 50 Cent is the only half dollar stamped with 1975, that explains why he is now worth so much.
Well, yeah, but then you are talking about the non-fungability tied to his distinct features, not his transactional value.
You didn’t think it was cool at all that no half dollars were minted with 1975 on them? Sheesh… I really am a dork
I thought it was cool, thanks for teaching me an interesting fact!