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If you go by gold, then it would be around 2.6 USD per 1 cap because a bar of gold in the US is around $1200 but in FO4 the gold bar is worth only 450 caps. The system can't be compared properly.
To be fair though, I don't think the game should use caps. Every Fallout should have had its own currency. For Fallout 4 I would have used the Subway Tokens, and a heck of a lot of bartering.
In theory, you would keep caps mechanically, but the player or merchants would never actually be able to exchange any, instead trading relies on attempt to zero-out the exchange, with subway tokens having a nebulous value as placeholders. For the Morrowind Vets, think using Dwemer coins to trade for an item you wanted with a merchant who had 0 gold on hand.
Dam*it, someone told me that my invention of the pull ring on lightweight aluminum cans were going to be like gold! Consurn the lamentable nuclear bombs, curse it all!
1.Grab up one of the NCR dollar bills.
2. go to a casino, and cash it in for some Chips.
3. Cash those chips in and get the caps amount back.
You've just found out how much caps are worth out west in the Mojave.
On the east coast I think caps are just 1 cap= 1 dollar.
The only reason caps are used for money period is because of how many there were.
I thought the reason why caps were used as money is because they were hard to forge as well, with things like paint and edge folding being indicitive of their authenticity.
Hell, if it was just abundance, american money is still wildly abundant, you can't help but find fat stacks of the stuff everywhere.
1 Cap = $61.78 (Today's money)
35 Pounds of Gold
35 Pound Gold Bars
Edit:Should note that money lost a lot of value and certain objects are really valuable for survival sake
It was done because it was far easier to tote around a bag of caps than a brahmin cart of water bottles. Fallout 4 using things like Subway Tokens wouldn't work to well because there's no value behind them beyond what they're made of.
You mean 1 oz of gold. 1 bar is far more than $1200. The choice of caps as value was sarcasm towards what a piece of paper is worth.
You can find many anti-currency people out in the world in real life today. But guaranteed that 99.9% of them aren't rich to begin with. They only dislike "money" because they A) have poor spending habits and B) lack any marketable skills to acquire it.
As it is currency is a great bartering tool, as it can be used to purchase things you need, and the recipient can then turn around and use that currency to acquire what they need (*rinse repeat). Many of these anti-currency people though think we would be better off trading in goods like bushels of corn or rutabegas. But what if the local metal worker nearby who has the skill to fix your plow doesn't like rutabegas but that is all you grow? What do you trade then? Your oldest daughter to marry the smiths son? Now we are going back to arranged marriages (and in part a form of slavery) to better a singular families needs. And how would stores function (like Wal-Mart for instance)? Do you think they want to trade 200 bushels of corn for a television set? They already got 15,000 bushels they are trying to get rid of already before it spoils....... The caps were plentiful, but not so much that they would be near worthless (like tree bark that anyone can go out and get). And as was stated, it is easier to carry around 15k bottle caps than it is 15k liters of water. And even then if we traded in goods, how many people actually possess enough land to grow enough crops on with which to not only sustain their families needs for a year till next sowing season, but to produce enough abundance they can then trade off the excess for other goods they cannot produce themselves? The basic humans self sustainability has gone to near 0 in this day and age as we are accustomed to having currencies to acquire our needs.
Needless to say, this is a video game. Nothing in it has any comparable value.
http://geekologie.com/2015/06/smart-thinking-man-sends-2240-bottle-cap.php