Gork@sopuli.xyz to Lemmy Shitpost@lemmy.world · 5 days agoThe savings are trickling down to ussopuli.xyzimagemessage-square42linkfedilinkarrow-up1574arrow-down12
arrow-up1572arrow-down1imageThe savings are trickling down to ussopuli.xyzGork@sopuli.xyz to Lemmy Shitpost@lemmy.world · 5 days agomessage-square42linkfedilink
minus-squareelectriccars@lemmy.worldlinkfedilinkarrow-up5·5 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-up1·5 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…