laurenceOfSuburbia@lemmy.world to memes@lemmy.world · 3 days agoInflation really hit differentlemmy.worldimagemessage-square21fedilinkarrow-up1596
arrow-up1596imageInflation really hit differentlemmy.worldlaurenceOfSuburbia@lemmy.world to memes@lemmy.world · 3 days agomessage-square21fedilink
minus-squareundefinedTruth@lemmy.ziplinkfedilinkarrow-up21·2 days agoNot how inflation works. He still is 50 Cent, his value just dropped.
minus-squareAgent641@lemmy.worldlinkfedilinkarrow-up6·edit-22 days 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·edit-22 days 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 days 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 days 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 days 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!