ST Alpha - "When the U.S. Lincoln penny was first struck in 1909, five of them would buy more stuff than a current U.S. dollar bill. -- (link)" (Reading a Post)

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When the U.S. Lincoln penny was first struck in 1909, five of them would buy more stuff than a current U.S. dollar bill. -- (link)

Posted by Beaker (aka anniebecca) Jun 27 '17, 07:15

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http://www.cbc.ca/news/business/loonie-turns-30-1.4177958 (www.cbc.ca)

Responses:

Ballparking... that's about 3%/year? -- nm - mafic Jun 27, 07:28 1
- Way off. Inflation averaged 3.07% per year between 1909 and 2016. -- nm - Ender Jun 27, 07:44
We should either get rid of the nickel or lop a zero off the end of prices - Reagen Jun 27, 07:21
A Senator could rent an apartment for a year for a sawbuck! -- nm - Ender Jun 27, 07:21
I remember buying 5 candy bars for a dollar in the mid 1970s. Gas 68 cents a gallon -- nm - Bacon Jun 27, 07:16 1
- I remember being able to get a complete meal at Taco Bell with multiple tacos, nachos, a drink and cinnamon twists for $3. -- nm - sycor Jun 27, 07:29

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