No Dumb Questions cover image

131 - Why Is a Silver Coin Worth Something?

No Dumb Questions

00:00

The Devaluation of Currants

You can get a coin like that for a reasonable price. That would maybe be worth 50 bucks or less. I think it had silver on it at one point. You avoided my question. Was this 200 dollars? I no, it's no. The edges have just gradually been worn down by contact. Or nipped just a little bit here and there. There isn't any reason to keep trimming the edges of that coin. As it's copper, it wasn't silverso this just no human motivation to steal the value off the edges get much. Which is interesting, because quarters are like that.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app