If I was given 500 in the 1933 what is the equivalent today?

Answer 1

$7,525.00 in 2007 dollars is the top, $500 if you hid it away under a rock. Nothing if you enjoyed a beer a week out of the the principle and interest. Nothing if you made the wrong move in the market. If you bought 100 barrels of crude oil at five dollars a pop and sold it in 2008 at $145 a barrel, your gross profit would be 140 X 100 or $14,000 minus storage costs of about $2,000 and less then 10 percent taxation because of favaorable depletion tax benefits, say about $1,200 and you walked away with $10,800 which ain't bad.

Try this one, buy 10 rolls of 1931 Lincoln pennies marked S vdb paying 100 times face value to insure only the very best quality of Almost Uncirculated (AU) to Brilliant Uncirculated (BU) and peddle each of the 500 pennies at no less then $400 each, pay no storage, Dodge the taxes and pocket $200,000 dollars. There are even better deals, a couple of acres in Manhattan, half of downtown Dallas or Denver, a couple of the Czars Easter Eggs, the sky is the limit with that much cash.

That amount of cash would easily by half section of Oklahoma farm land at a foreclosure or Bank sale. Sell it for 300 thousand today and hope that they struck oil or gas that made you wealthy while you were raising wheat and beef at break even prices.