No. Charles Gehring, Director of the New Netherland Project
, explains this myth in a video
(skip ahead to 3:03) by the New York State Museum
. In it, he says, "This is one of the biggest myths...pure fabrication. It says in the records that it was 60 guilders
worth of goods. 60 guilders worth of goods would have been a lot of hard goods that the Indians couldn't produce themselves. You couldn't place a price on the...things that they were unable to make, the things they didn't have the technology for. The $24 figure was attached to the document when it was translated in the 1880s. The translators looked up the rate of exchange at the time and 60 guilders was $24. Nobody has ever even adjusted that for inflation over the years, so you not only have an incorrect rate of exchange, but the whole idea of what 60 guilders would have been worth to the Indians at the time is totally wrong." As a note (for the curious), $24 in 1880 would be worth $587 today, though Gehring states the rate of exchange was also incorrect.
Keepin' it real: The greatest deal in history never actually was.