Man, those Penthouse pictures sure brought back a lot of memories!
I think I probably had all those issues many years ago. Way back then I'd cut out the Penthouse Forum letters (anybody remember "Hair Streaker"?) I really liked and paste them together with the best photos in a 3-ring notebook. I had all these fancy plastic holders for each page. Unfortunately I ended up pitching the whole thing back in the early 90s when my wife got close to finding it. I almost had a "Vino"!
Taylor