What's the Value of Money

The value of $$$ ?

 

 

What is the value of money?

Technically, money has no value because it’s a piece of paper.

In the past coins were made of pure silver but According to the usmint:

Quarters and dimes are composed of cupro-nickel clad, with a pure copper core, and an outer layer of a 75 percent copper, 25 percent nickel alloy.

Nickels are made from the same 75-25 alloy, and the cent, once a copper coin, is now composed of copper plated zinc. These cents are less expensive for the Mint to manufacture, and at 2.5 grams each, weigh about 20% less than the cent previously minted of 95 percent copper and 5 percent zinc, which weighed 3.11 grams.

 

Which basically means if you tried to melt them down you would probably get little to nothing. Humans have made money valuable because of the purchasing power due to the supply and demand we have for material items or just “stuff” in general. When you purchase something such as a car or house than money becomes valuable because these are tangible objects. Back In 1971 Richard Nixon announced that the United States wouldn’t exchange dollars for gold, which is when the value of money no longer became relevant and that’s exactly where we stand today.