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Silver Quarter still buys a gallon of gas!
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<p>[QUOTE="drathbun, post: 1998376, member: 42789"]A silver coin doesn't pay dividends so the only way it can provide a return on investment is by growing in value. The fact that a 1964 quarter still buys a gallon of gas means the purchasing power of that quarter has grown from $0.25 to $3.25 in 50 years, but the "intrinsic" value has remained the same. You haven't lost money, in theory. (Can't say the same for a 1965 quarter of course. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> )</p><p><br /></p><p>A quarter from 1964 that had been invested and attained an annual average 7% return would have basically doubled every ten years, resulting in a value of around $7.88 in 2014.</p><p><br /></p><p>And of course a paper dollar from 1964, which could have purchased 4 gallons of gas, today can purchase about 1/3 of a gallon. It's purchasing power eroded significantly. So if your choices were to keep silver coins versus keeping paper money, clearly silver won. But if you invested either amount, you would have been better off. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie6" alt=":cool:" unselectable="on" unselectable="on" /></p><p><br /></p><p>That hasn't keep me from buying silver... it's so pretty... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie50" alt=":happy:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="drathbun, post: 1998376, member: 42789"]A silver coin doesn't pay dividends so the only way it can provide a return on investment is by growing in value. The fact that a 1964 quarter still buys a gallon of gas means the purchasing power of that quarter has grown from $0.25 to $3.25 in 50 years, but the "intrinsic" value has remained the same. You haven't lost money, in theory. (Can't say the same for a 1965 quarter of course. ;) ) A quarter from 1964 that had been invested and attained an annual average 7% return would have basically doubled every ten years, resulting in a value of around $7.88 in 2014. And of course a paper dollar from 1964, which could have purchased 4 gallons of gas, today can purchase about 1/3 of a gallon. It's purchasing power eroded significantly. So if your choices were to keep silver coins versus keeping paper money, clearly silver won. But if you invested either amount, you would have been better off. 8-) That hasn't keep me from buying silver... it's so pretty... :happy:[/QUOTE]
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