Originally Posted by Yichimet
... it's still (barely) profitable depending on how cheap the leather was that's sitting in your bank.
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The price something was at a point in the past is irrelevant. If the price of leather changed, so did the value of the stuff in your bank. If you bought it very cheap, and it went up in price, then your wealth increased (assuming a vehicle to liquidate exists.) At any given point, the profitability of any given conversion is based on the value of the items in question at that singular point, and no other, barring speculation for future change.
Basically, if it's no longer profitable because the price of leather has gone up, then just selling the leather you have will provide the greater return.