A couple weeks ago I made a post talking about the Ten Thousand Dollar USD Bill, the biggest denomination bill ever printed by the United States of America, which has long been discontinued since 1969. Fyi, these bills are still considered legal tender so if you happen to own you could use it like normal money. Heh. 😅
(public domain)
Anyways. Here's a fun headline I stumbled upon today:
$10,000 Bill Sells for $480,000 at Heritage Auctions
Fuck! What a lucky a bastard. Half a million... For just ten thousand $
Here's a bit more info on the story:
An 1899 Twenty Dollar, PR67 Ultra Cameo NGC sold for $468,000 to lead Heritage Auctions’ Long Beach Expo US Coins Signature® Auction September 14-17, and a Fr. 2231-A $10,000 1934 Federal Reserve Note. PMG Choice Uncirculated 64 EPQ soared to a record $480,000 to lead Heritage’s September 13-15 Long Beach Expo US Currency Signature® Auction. source
Sounds like this bill has aged like fine wine... But has it though? Recently I heard the USD reached 3000% inflation over the last 100 years or something...
Let's find out by asking chatgpt 😅
How much 10000 USD in 1899 be worth today after adjusting for inflation?
To calculate the equivalent value of $10,000 USD from 1899 adjusted for inflation to today's dollars, we need to consider the inflation rate over the years. Please note that accurate historical inflation data can be challenging to obtain, but I can provide a rough estimate using a simple inflation calculator.
As of my last knowledge update in September 2021, the U.S. Bureau of Labor Statistics provides inflation data dating back to 1913. Therefore, we can only estimate from 1913 onward.
Assuming an average annual inflation rate of around 2.5% (a rough average), we can estimate the equivalent value of $10,000 in 1899 in today's dollars:
$10,000 in 1899 adjusted for inflation would be approximately equivalent to around $319,276 to $341,190 in 2023. Please keep in mind that this is a rough estimate, and actual inflation rates and values may have varied over the years. For a more accurate calculation, you would need access to historical inflation data prior to 1913.
Ha! Sounds like this particular bill did beat inflation.
I guess the moral of today's story is.. HODL 😂