Guest Dizzy Posted December 15, 2003 Posted December 15, 2003 Does anyone know how much Medieval Groats are worth? (approx. fractions of a U.S. dollar please) Quote
Chris Perkins Posted December 15, 2003 Posted December 15, 2003 You mean, you want to know what face value those demoninations would represent in US$? Even though they are no longer in use.Or you want to know the value of some of those coins, with specific dates as collectors items now?Chriswww.predecimal.com Quote
Guest Dizzy Posted December 15, 2003 Posted December 15, 2003 I need to know what face value those demoninations would represent in US$. Do you know? Quote
Chris Perkins Posted December 15, 2003 Posted December 15, 2003 Well I imagine it would be impossible to say in terms of todays money. A groat was 4 pre decimal pence, which equates to 1.6667 modern British Decimal Pennies. So that makes a groat worth, what about 2.82 US cents now.A sixpence is worth 2.5 modern British pennies and a florin is worth 10 modern British pennies. Ducats are not British so I don't know about them.But when groats, florins etc were made they represented a lot more money than a few US cents, just as 200 years ago a US cent had much more value than a modern US cent.Also throughout the years, the value of denominations changes, one year you can buy a loaf of bread for a penny, 10 years later the same loaf of bread (but a new one, of course!) may cost 6 pence due to inflation.In real terms though a florin may have been as important in days gone as a US$5 note, and a sixpence as a 50c coin!So in short, it's a funny old question to want to know the answer to, and damned hard to work out!Chriswww.predecimal.com Quote
Chris Perkins Posted December 15, 2003 Posted December 15, 2003 If indeed it was any!No problemChris Quote
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