Gork@sopuli.xyz to Lemmy Shitpost · 17 hours agoThe savings are trickling down to ussopuli.xyzimagemessage-square40linkfedilinkarrow-up1494arrow-down12
arrow-up1492arrow-down1imageThe savings are trickling down to ussopuli.xyzGork@sopuli.xyz to Lemmy Shitpost · 17 hours agomessage-square40linkfedilink
minus-squareHeyJoelinkfedilinkarrow-up6·11 hours agoA penny in 1900 is 40 pennys today. Doesn’t that make it sound better?
minus-squareelectriccarslinkfedilinkarrow-up5·11 hours 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 🥔linkfedilinkEnglisharrow-up1·10 hours agoDamn, surely I could scrounge up 400,000 pennies…
A penny in 1900 is 40 pennys today. Doesn’t that make it sound better?
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…