Credit and Credit Scores: A short lesson

[IggyWH]

I just did a credit report and here's what it says :

">Maximum delinquency of 60 days occurred in 06/2004 for $ 49<"

Does amount matter when people look at your credit history? I can't imagine a $49 past due 60 days is as big of a deal as say $2k past due 60 days.

Not that it matters much though because I won't be buying a home or getting a loan for anything anytime soon.