That's about 4.38% annual return over 40 years. Not terrible, but could have done better investing in something else.
EDIT: The brother paid $18,200 for the dime. But my original number of 4.38% was off because I used the inflation adjusted $90k cost. More accurate number is 8.64%.
My numbers are off, but I think you missed the part where they paid $18,200 for it. I had used the inflation-adjusted $90k previously. Using $18,200, the ROI is 8.64% - which isn't too bad.
7 Comments
marketsnodsbury@lemm.ee · 19 pts · 1y
Anyone else find it slightly annoying that the main picture Fortune chose for this article is a 2005 dime?
SoleInvictus@lemmy.blahaj.zone · 2 pts · 1y
Extremely annoying.
Kyrgizion@lemmy.world · 4 pts · 1y
1975? Not even silver...
Kaiyoto@lemmy.world · 1 pts · 1y
I'll never understand why anyone would spend half a million on a dime with no s.
Waldowal@lemmy.world · -4 pts · 1y
That's about 4.38% annual return over 40 years. Not terrible, but could have done better investing in something else.
EDIT: The brother paid $18,200 for the dime. But my original number of 4.38% was off because I used the inflation adjusted $90k cost. More accurate number is 8.64%.
Throw_away_migrator@lemmy.world · 5 pts · 1y
I think your math is a bit off. It's more like 56.3% annually over 50 years
Waldowal@lemmy.world · 2 pts · 1y
My numbers are off, but I think you missed the part where they paid $18,200 for it. I had used the inflation-adjusted $90k previously. Using $18,200, the ROI is 8.64% - which isn't too bad.