In 1934 the dollar was worth approximately 24x more than in 2025. A cheap loaf o... | Hacker News

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		nine_k 45 days ago \| parent \| context \| favorite \| on: The last-ever penny will be minted today in Philad... In 1934 the dollar was worth approximately 24x more than in 2025. A cheap loaf of bread is about $2 here in NYC, so it would be about 8¢ at the time. On one hand, the difference between 2¢ and 8¢ looks completely inconsequential now. OTOH it's a four-fold difference.

djtango 45 days ago [–]

It makes sense when you think of coins in terms of the commodities they were pegged to - a sliver of copper and nickel to pay for a loaf of bread.

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