Lemmy Shitpost@lemmy.world•The savings are trickling down to usbyelectriccars@lemmy.world24 hoursA 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. 5
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.