How much is the paper dollar bill worth? ex: $ .33 or $ .50 or is it worth $1.00???

Question

I received some material regarding Gold coins. I read that the $1.00 is not worth it's face value. The Coins is value at what they represent. ex: A $1.00 coin is worth $1.00??????

Answer 1

Very good question. In 1950 a $50.00 one ounce gold coin could be purchased for 50 one dollar paper bills. That same ounce of gold today is worth over 600 of our 2006 paper dollar bills. The value of the paper dollar is not even 1 10th of what it was then. So, you could say our dollars are only worth 8 or 9 cents by that standard.
Likewise a silver dollar, one ounce of silver, was worth one dollar. A silver dollar now is selling for around $12.00 which is about the same. House values, and other things all show the US dollar is actually worth 9 or 10 cents at best. The sad thing is that this is going to get much worse soon. The US dollar is not backed by anything. We are in debt, and at some point other countries will refuse to trade in worthless US paper.

Answer 2

I've heard that a $100 bill, similar in materials to the $1 dollar bill, is worth 2 cents. An interesting fact I read 2 months ago: with the current resources boom, the scrap metal value of a penny is actually 1.3 cents. If you are willing to put in the effort, you could effectively collect one million pennies (value = $1m), melt them down to separate the copper and the zinc, then sell it for $1.3m. I however do not recommend doing this, probably illegal . .

Answer 3

Gold coins are worth what they are but the rest and paper money are subject to monetary exchange rate of what ever particular country you are in.

Answer 4

well in your own country your dollar bill shoule still be worth the dollar. if it is a an out of country bill see your bank or foriegn exchange to find out what it is worth in your country.