New Value Added

Let’s assume that you live long enough in the U.S. to hold in your hands simple pocket change every day because it is part of our life to pay by currency for exchange of services or goods.  How often do you check those coins?  “What for? “You can ask. “Probably never for last 30 or 40 years.”

 “There is no need for it!”

You will receive new information about the same subject you were connected for the last 20 to 40 years.

“What are you talking about? I know all what I need to do with my pocket change as I always do. Are you insane to teach me what to do with my money?”

Yes,  you are correct; it is your money. But if you live long enough in the U.S. you may noticed the same pocket change looks different in our days.

“What are you talking about?”

It appears similar but does not contain the same amount of silver as it used to be until 1965. All dimes, quarters, half dollars and dollar coins used to be 90% silver. Today, if you have saved pocket change from the year when I was born you can get paid for a single coin (Morgan dollar) only by the amount of silver it contains. The recent marker value of silver is around $27.00 to $30.00 U.S. dollars per troy ounce (  1 troy ounce = 31.1034768 grams). What do you think about it NOW?

You will probably pay attention for it from this moment!

I’m not done yet with my story.