this post was submitted on 29 Oct 2024
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Economy

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An ultra-rare 1975 dime stashed away for decades just surfaced—and sold for a whopping $500,000 (fortune.com)
submitted 7 months ago by tuxbot to c/economy@lemmy.world
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[–] Throw_away_migrator@lemmy.world 5 points 7 months ago (1 children)

I think your math is a bit off. It's more like 56.3% annually over 50 years

[–] Waldowal@lemmy.world 2 points 7 months ago

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.