On 17/05/2016 2:08 PM, Nivard Ovington via wrote: > PS > There are many ways of valuing old money > The National Archives has one currency converter > It and others can be found here > http://projects.exeter.ac.uk/RDavies/arian/current/howmuch.html > The NA gives £500 in 1840 as having a spending power of £22,050 in 2005 > Nivard Ovington in Cornwall (UK) But I find calculators for the historical value of money need to be taken with a large pinch of salt! For example, £500 in 1840 would have paid the salaries of ten teachers (or of clergy in poorer parishes) for a year. Or paid for a number of small houses. Kind regards, John Henley > > On 17/05/2016 13:53, AFPeggs via wrote: >> In a Newspaper article in January 1842, on of my relatives is shown as >> having received an inheritance of "500l" >> Can anyone tell me what the "l" means. Is it Pounds? >> Thanks >> Alan