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In 1930, dollars were backed by gold. You could take a $20 paper dollar and receive from the US> Treasury a $20 gold piece. If you were smart enough to do that, you would have 50,000 twenty $ gold pieces today. That would be worth exactly $68,392,575.00 today. (that's 48,375 troy ounces @ $1412.00 spot price as of tonight-Dec 5) That is the Bullion value, collector value of the coins aside.
Now if you want to use the inflation factor to determine value, you must depend on government figures. That can be a problem. They change how they determine the consumer price index often as well as calbrating "inflation" We have no inflation now according to the government. Looked at gas, food, medical care prices lately?? Or I forgot, they don't count those things.
Hope this helped.
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∙ 13y ago
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