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Old currency worth calculator
Posted: Mon Oct 15, 2018 5:32 am
by tomredmayne
Saw this on twitter and thought it was interesting.
https://www.measuringworth.com/calculators/ppoweruk/
So an Edward I penny had an equivalent worth of about £63 in labour in AD 1270. Bet they were miffed at losing them then, especially purse losses!
Re: Old currency worth calculator
Posted: Mon Oct 15, 2018 7:04 am
by Old Git John
That's great Tom, thank you for the link.
Re: Old currency worth calculator
Posted: Mon Oct 15, 2018 8:56 am
by dig-it-pete
Thanks Tom but I don't really understand why the Real wealth or buying power was £3.64 for a penny in 1270 but the Labour Value is £63.28? Can you explain?
Re: Old currency worth calculator
Posted: Mon Oct 15, 2018 10:27 am
by manny
tomredmayne wrote:Saw this on twitter and thought it was interesting.
https://www.measuringworth.com/calculators/ppoweruk/
So an Edward I penny had an equivalent worth of about £63 in labour in AD 1270. Bet they were miffed at losing them then, especially purse losses!
As I suffer from dyscalculia I can't make head nor tail of it.
Re: Old currency worth calculator
Posted: Mon Oct 15, 2018 2:12 pm
by Donnydave
tomredmayne wrote:Saw this on twitter and thought it was interesting.
https://www.measuringworth.com/calculators/ppoweruk/
So an Edward I penny had an equivalent worth of about £63 in labour in AD 1270. Bet they were miffed at losing them then, especially purse losses!
That makes finding hammered coins even more interesting knowing what they equated too back then, and something I have often wondered about
