I recently cleaned out my grandmother's house, and found a large box of coins and cash stashed in the back of her closet for their "rare" value. Among the coins were 3 90% Pure Silver Franklin Half Dollars from 1955. The three coins just sold for $16, or over 10.6 times their original face value - an awesome return at first glance.
However, if the $1.50 was put in a very modest Certificate of Deposit and left to sit for the 64 years instead, the CD would be worth roughly $16 today as well. If you consider inflation, the coins did not appreciate in value, at all. And these coins have actual value, as they were minted with Silver.
The special "rare" Blue Medallion $1 and Red Medallion $2 bills from 1955 fared far worse. I got $33 for $27 worth of $1's and $2's - a meager $6.00 profit. $27 in 1955 would be worth the equivalent of $255.00 due to inflation, meaning a loss of $222.
So PSA for anyone who thinks coins and currency have special value due to "rarity," they really don't. Those special $2 bills you have and won't spend, you're far better off spending them now, then holding onto them. It's more of a hassle to sell the currency than its worth.
Submitted April 06, 2019 at 08:11PM by ThePermafrost http://bit.ly/2Ii0sHC
