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433

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[–] 0 pt

Good inflation story but.....

MELT value.

The meme is retarded because the coin dates conflate the issue.

The artist should have used 5 OTHER coins, these 5 :

1963 1962 1960 1959 and 1958.

the 1921 confuses the issue.

These 5 coins have the SAME melt value in silver weight and percent : 1963 , 1962 , 1960, 1959 and 1958.

From 1916 to 1964 US Quarters are 6.25 grams total and 90% silver and 10% copper.

The silver value and the copper value are added together in melt value.

The price April 27 2021 for a TROY OUNCE of silver (different form american ounce) is $26.40

https://www.kitco.com/charts/livesilver.html

$26.40 for a silver ounce!

or $0.84717 per gram high for today.

(0.84717 * .90) * 6.25 = 4.76533125 for SILVER part of ONE old quarter (ignoring copper part, which has value too)

https://www.google.com/search?q=%280.84717+*+.90%29+*+6.25

= $4.76533125

FIVE quarters are $4.76533125 * 5 = $23.82665625 for silver part alone

to get from 23.82665625 to past $23.84 in meme we have to now add COPPER part

US DOLLAR COLLAPSED today vs, Copper! $9,898.25 alltime metric ton high:

https://markets.businessinsider.com/commodities/copper-price?op=1

$9.89825 USD per kilogram , 0.00989825 per gram copper April 27 2021

Copper in old pre 1964 quarter ? 10%

(0.00989825 * 0.10) * 6.25 = $0.00618640625 copper in ONE quarter.

Five quarters copper is (0.00618640625 * 5) = $ 0.03093203125, or three cents of copper total

VALUE of melting 5 old 1963 quarters today is $23.82665625 for silver part plus $ 0.03093203125 for copper , totalling....

$23.8575882812 USD at peak today