Ok Sharkie, let's take two hypothetical "PayCoin investors":
1) One who dumped his/her Paycoins at any point before ION and held on to his/her BTC.
2) One who converted his/her Paycoins into IONs.
Which one has more money now?
I go with what is in box 2..
XPY was selling for 5-6k sat in March 2016 (the lowest point before ION).
1) so back then 1000 XPY would have been worth ~0.05-0.06 BTC...
2) ... or 125 ION at 18k sat today, i.e. 0.0225 BTC. Maybe as much as 0.03-ish, if you want to brag about various PNGs.