Spring Detectival 6-7th April 2019

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Zyrbalax
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Re: Spring Detectival 6-7th April 2019

Post by Zyrbalax » Tue Apr 16, 2019 10:32 am

Wuntbedruv wrote:
Tue Apr 16, 2019 10:06 am
Just to let everyone know that the coins have been counted by Anni. In total, there are 545 silver pennies and 12 gold nobles.

The Medieval face value of these coins in total comes to £8, 5 shillings and fivepence!

In 1350 this would have had the purchasing power of (broadly speaking): 11 horses, or 22 cows, or c. 413 days of a skilled tradesman's wages,

The modern equivalent of this sum is about £4900.

Hope this is of interest!
I find that interesting if slightly contradictory. 413 days of a skilled tradesman's wage today would be significantly more than £4,900! Probably in excess of £100k I would have thought (working on c. 220 working days per year after bank hols and holiday). Likewise, I'd hate to see the 11 horses you could buy today for £4,900...

Great to hear the final tally of coins; can you give us an idea of the date range they come from?

Many thanks and well done to all involved

Z


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Re: Spring Detectival 6-7th April 2019

Post by Blackadder43 » Tue Apr 16, 2019 10:40 am

Thats inflation for you
Quite a stark contrast
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Re: Spring Detectival 6-7th April 2019

Post by Wuntbedruv » Tue Apr 16, 2019 10:59 am

Zyrbalax wrote:
Tue Apr 16, 2019 10:32 am
Wuntbedruv wrote:
Tue Apr 16, 2019 10:06 am
Just to let everyone know that the coins have been counted by Anni. In total, there are 545 silver pennies and 12 gold nobles.

The Medieval face value of these coins in total comes to £8, 5 shillings and fivepence!

In 1350 this would have had the purchasing power of (broadly speaking): 11 horses, or 22 cows, or c. 413 days of a skilled tradesman's wages,

The modern equivalent of this sum is about £4900.

Hope this is of interest!
I find that interesting if slightly contradictory. 413 days of a skilled tradesman's wage today would be significantly more than £4,900! Probably in excess of £100k I would have thought (working on c. 220 working days per year after bank hols and holiday). Likewise, I'd hate to see the 11 horses you could buy today for £4,900...

Great to hear the final tally of coins; can you give us an idea of the date range they come from?

Many thanks and well done to all involved

Z
Yes, inflation. The buying power of money today is much reduced. A gallon loaf of bread in 1300 cost 3/4 of a penny. A full penny would buy you 24 eggs and a halfpenny would get you a pound of cheese.

I would say 'twas a better time', but it objectively wasn't in many other respects-so I shall put my rose-tinted spectacles back in their box.
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Re: Spring Detectival 6-7th April 2019

Post by Oxgirl36 » Tue Apr 16, 2019 11:18 am

But if you only got 1 or 2p per day thats some helluva expensive food!
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Re: Spring Detectival 6-7th April 2019

Post by Wuntbedruv » Tue Apr 16, 2019 12:39 pm

Oxgirl36 wrote:
Tue Apr 16, 2019 11:18 am
But if you only got 1 or 2p per day thats some helluva expensive food!
Indeed-but consider that those on the low incomes were living in rural communities which were effectively self sustaining, and thus the buying of foodstuffs would have been seen more as a luxury. The urban poor were far worse off than the rural poor. Consider also that your bog standard peasant wasn't routinely paid in coin for working the land before the 14th century within the concept of 'feudal' society. By contrast, lords were obliged to feast their villeins twice a year! Taxman has never taken me out for dinner...

Anyway, the subject of Medieval money and society is fascinating and I highly recommend Terry Jones' 'Medieval Lives' for a background.
God gives all men all earth to love, but since man’s heart is small,
Ordains for each one spot shall prove beloved over all.
Each to his choice, and I rejoice, the lot has fallen to me
In a fair ground—in a fair ground—Yea, Sussex by the sea!

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Re: Spring Detectival 6-7th April 2019

Post by Blackadder43 » Tue Apr 16, 2019 12:46 pm

You have to also consider that "Bartering" was a more popular form of currency back in the day
I actually practice Bartering as much as i can, even today
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