Absolutely. On top of that silver historically has been mined and valued at 17oz for each 1oz of gold. The current ratio is way out of wack at 56 to 1. For gold to hit an all-time high adjusted for inflation it would be $2500 and silver at about $150. I figure the FRN has lost 98% of it's value since 1913.
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Originally Posted by palani
If dealing with 90% silver (pre-1965 dimes, quarters and halves) the current going rate appears to be around 10 times face value
$.10 == $1 FRN
$.25 == $2.50 FRN
$.50 == $5.00 FRN
By the way, this is a good indicator of exactly how much value has been removed from the FRN since minting these coins.
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