Current Events > What's the inflation increase on 30 pieces of silver from, say, 2000 years ago?

(+) Yeah! (+)

Just curious

They'd be worth a few hundred dollars for the silver content. Incidentally inflation decreases the value of coins over time, not increases. A 1900 penny still nominally has a value of one cent.

Good question. Way to work it out would be how long the average person had to work to afford 1 gram.

If the Gross world product was $87,752 billion in 2019, it was $18.50 billion in 1AD. Compound annual growth rate 0.042%. but none of that really means anything...

Serious_Cat posted...

They'd be worth a few hundred dollars for the silver content. Incidentally inflation decreases the value of coins over time, not increases. A 1900 penny still nominally has a value of one cent.

I actually had a bunch of old coins to sell but I'm hesitant I won't get much due to this

the 30 pieces of silver was $300 - $3000 in 2024 money, depending on how you calculate it. it was 5 weeks worth of pay.

IDK but it's always being mined.

half a years wages back then to the poor

A Roman denarius from 2000 years ago was a 3.9g silver coin and if you took it to be 100% silver (in practice it was not) that's only worth around $2.85 in precious metal content today.

In terms of goods/services you could buy at the time, it would've been like 10x more valuable.

haloiscoolisbak posted...

I actually had a bunch of old coins to sell but I'm hesitant I won't get much due to this

Collectors' value and nominal value aren't the same thing. Topic asked specifically about inflation.