this post was submitted on 23 Oct 2023
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239
Expensive thoughts (endlesstalk.org)
submitted 11 months ago by AlbinJose3487@endlesstalk.org to c/memes@lemmy.ml
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[–] EveryMuffinIsNowEncrypted@lemmy.blahaj.zone 7 points 11 months ago* (last edited 11 months ago)

FUN FACT(S) :D

I did some research and this is what I found:

  • According to this StackExchange thread, the phrase "penny for your thoughts" originated no later than in England in 1562.
  • According to the Bank of England, £ 1 (pre-decimal) equates to approximately £ 386.21 in 2023 September.
  • According to XE.com, £ 1 at mid-market rates on 2023-09-30 was worth approximately $ 1.219 97.
  • So, considering there were 240 pence in a pound in 1562, that means that 1 p in 1562 would in fact be approximately equal to $ 1.96 on 2023-09-30.

 

Conclusion: taken literally, it would nowadays be around 196 pennies for your thought! ^_^

[–] metallic_z3r0@infosec.pub 5 points 11 months ago (1 children)

At the time this phrase was first referenced, around 1540-ish, a penny would've been worth around $3.50 USD. Goddamn Loch Ness monster, always wanting my thoughts.

[–] EveryMuffinIsNowEncrypted@lemmy.blahaj.zone 1 points 11 months ago

Oh shit! Didn't see your comment. Sorry, wasn't trying to steal your thunder with my comment!

[–] ironhydroxide@partizle.com 3 points 11 months ago (1 children)

Ha, my employer values my thoughts about as much as I value a kick in the balls.

[–] RQG@lemmy.world 1 points 11 months ago

Thought inflation.

[–] treadful@lemmy.zip 2 points 11 months ago

That's a long thumb.

[–] HubertManne@kbin.social 2 points 11 months ago

like you aren't out there just giving it away. Why should I buy this cow?