[ilikehurdles]

If you had $8million in 1923 cash stashed away, you’d have $8million in 2023 cash today. Ie you’d have lost about 94% of your buying power.

[pixl97]

And if you had 8 million in a bank in 1923 there's a good chance it would have all been gone when the bank collapsed and there wasn't FDIC insurance.

[astrange]

1923 dollars are worth more than face value to collectors, but that's marginal value so you'd have to sell them pretty slowly.

Anyway, that's what you get for not contributing to money velocity. It's not designed as a savings product, so don't save with it.

[int_19h]

If we're being pedantic, it depends on what kind of cash. A silver 1923 dollar coin goes for $20-30 today.

[tarboreus]

Through most of that history, interest rates in savings accounts exceeded inflation, often significantly so. So I find this unconvincing. Obviously not a great investment comparatively, but the number in the account is going to be significantly higher.

[roflyear]

Really? I can't easily find a chart going past 1980 for "savings rates" nevermind that these accounts often have a $ cap, and nevermind going back to 1920.