Plat may not have had "real life value" but it was an economy in-game. And like all currency it can become inflated etc. It's value changes over time. 200k back in Classic is probably ~1.5 million today in value. It also depends on the server. Plat on the Test server (due to the /testcopy "bug" that I'm sure they left in on purpose) has no real value. People hand out millions to new people on the server because they can just copy that amount back later.
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