Gork@sopuli.xyz to Lemmy Shitpost@lemmy.world · 1 day agoThe savings are trickling down to ussopuli.xyzimagemessage-square42fedilinkarrow-up1554arrow-down13
arrow-up1551arrow-down1imageThe savings are trickling down to ussopuli.xyzGork@sopuli.xyz to Lemmy Shitpost@lemmy.world · 1 day agomessage-square42fedilink
minus-squareelectriccars@lemmy.worldlinkfedilinkarrow-up5·1 day 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-up1·1 day 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…