Comment on The savings are trickling down to us

HeyJoe@lemmy.world ⁨1⁩ ⁨day⁩ ago

• electriccars@lemmy.world ⁨23⁩ ⁨hours⁩ ago

  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.

  source

  • ivanafterall@lemmy.world ⁨23⁩ ⁨hours⁩ ago

    Damn, surely I could scrounge up 400,000 pennies…

    source