Gork@sopuli.xyz to Lemmy Shitpost@lemmy.world · 4 days agoThe savings are trickling down to uslemmy.imagisphe.reimagemessage-square42linkfedilinkarrow-up1569arrow-down12
arrow-up1567arrow-down1imageThe savings are trickling down to uslemmy.imagisphe.reGork@sopuli.xyz to Lemmy Shitpost@lemmy.world · 4 days agomessage-square42linkfedilink
minus-squareelectriccars@lemmy.worldlinkfedilinkarrow-up5·4 days agoA penny in 1900 was a worthless token that only had value because it could be exchanged for the valuable Silver and Gold coins of the era. 2067 pennies were able to be exchanged for 1 Oz of fine Gold. Today, you need more than 400,000 pennies to get the same Oz of fine Gold. 400,000 / 2067 = 193 So the penny in 1900 is 193 pennies today.
minus-squarepotoooooooo 🥔@lemmy.worldlinkfedilinkEnglisharrow-up1·4 days agoDamn, surely I could scrounge up 400,000 pennies…
A penny in 1900 was a worthless token that only had value because it could be exchanged for the valuable Silver and Gold coins of the era.
2067 pennies were able to be exchanged for 1 Oz of fine Gold.
Today, you need more than 400,000 pennies to get the same Oz of fine Gold.
400,000 / 2067 = 193
So the penny in 1900 is 193 pennies today.
Damn, surely I could scrounge up 400,000 pennies…