JS60
Pilgrim
- Joined
- Apr 3, 2017
- Messages
- 18
- Reaction score
- 3
I tried to figure out the modern value of 8 English pounds once, using one of the online calculators re chronologic inflation rates, etc., came to the conclusion the gun cost about $900, as I recall.
Spence
According to the research I did last year, ... You got very close.
My research turned up these little tidbits, ...
1775 money
In 1775 one shilling had the purchasing power of roughly five of today's dollars.
That meant that an English pound (£ ) had roughly the value of one hundred dollars in today's money.
£ = $100.00
s = $ 5.00
d = $ 0.42
In 1775, a Pound Sterling was equal to 20 Shillings, and a Shilling was equal to 12 pence.
A Farthing was a 1/4 penny, a Ha'penny was a 1/2 penny, and a Pence was obviously a Penny.
A Tuppence was not actually a coin, but “two pence” was pronounced “tuppence” and you may see it written that way.
A Bob was Slang for a Shilling, a Half-crown was 2 shillings and 6 pence, a Crown was Five shillings, a Half sovereign was a
gold coin worth 10 shillings, a Sovereign was a gold coin worth 1 pound, and a Quid was Slang for a pound sterling.
The value of each foreign silver coin was calculated based on the fineness of the silver and the weight of the coin in relation to "One troy ounce of sterling silver".
The Dutch 40 stuiver or "Lion dollar" was valued at 44 Pence.
And The Dutch 63 stuiver or "Silver rider" was valued at 64 Pence.
And a full weight Lion dollar of Holland was valued at 68 Pence.
An un-clipped Spanish dollar was valued at 90 Pence.