Discounted Barbie Doll ar

DexterOnline

DexterOnline

Junior Member
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Jan 29, 2015
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How do I find present value of $1 note that was first printed in 1862

In other words how much is $1 of 1862 worth at present in 2015
 
I don't know the difference, I googled $1 note and one of the money printing sites showed the date

Not a History student, sorry
 
DexterOnline said:
I don't know the difference...

Not a History student, sorry
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It's not a matter of being a history student. It's merely a matter of being aware that the Union won the Civil War, and that the Confederacy thus no longer exists. :shock:
 
stapel said:
It's not a matter of being a history student. It's merely a matter of being aware that the Union won the Civil War, and that the Confederacy thus no longer exists. :shock:
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Sorry again as I am unaware of a lot of things that are out there like my many children that I never met

Those are the stolen generation and you thought that was something of past in Australia
 
DexterOnline said:
How do I find present value of $1 note that was first printed in 1862

In other words how much is $1 of 1862 worth at present in 2015
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Those are not quite the same thing! The "present value" of $ from 1862 to 2015, "how much is $1 of 1862 worth at present in 2015" is the amount $1 would earn at standard interest if put into a bank for 2015- 1862= 153 years. The "standard interest" varied from year to year but you could probably use the overall inflation rate from 1862 to 2015.

But you say a $1 note. If you mean a $1 bill in United States currency, then the answer is $1. The bill itself, stuck under a matress, say, doesn't change value.

If, by "note", you mean a promissory note, then the answer would depend the interest specified in the note, as well as whether or not the not is still "actionable". That is, upon whether or not the body that issued the not still exists and if the note is still valid. If this was a note issued by a specific person and that person has died and his estate probated, the note is no longer valid.
 
HallsofIvy said:
If, by "note", you mean a promissory note, then the answer would depend the interest specified in the note, as well as whether or not the not is still "actionable". That is, upon whether or not the body that issued the not still exists and if the note is still valid. If this was a note issued by a specific person and that person has died and his estate probated, the note is no longer valid.
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HallsOfIvy

Thank you very much for your exquisite explanation
 
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