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.
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.