Can anyone tell me the value in todays dollars of 1 pound lawful money of Pennsylvania 1777. Bill Whiteside whitesi@attglobal.net

In the fairly stable period of 1766 to 1772, one pound in Pennsylvania currency converts to $43.80 in 1993 U.S. dollars. At the "sterling" rate of 20 shillings to the pound and 12 pence to the shilling this places the value of the shilling at about $2.17 and the pence at about 18 cents. It follows then, that one dollar in 1993 is equivalent to $9.76 in PA dollars of the period. There are, however, several other problems to take into consideration, not the least of which is the fact that any index is an average for a particular location in time, and doesn't reflect regional differences. Further, the value of money changes continuously and thus so does the index. See http://www.continentalline.org/articles/article.php?date=9602&article=960203 for additional information. Lorna ----- Original Message ----- From: "Bill Whiteside" <whitesi@attglobal.net> To: <paberks@rootsweb.com> Sent: Sunday, April 27, 2008 10:21 AM Subject: [PABERKS] The value of a pound Can anyone tell me the value in todays dollars of 1 pound lawful money of Pennsylvania 1777. Bill Whiteside whitesi@attglobal.net ==== PABERKS Mailing List ==== PABERKS@rootsweb.com To contact the List Administrator: Rick Berkheiser, PABERKS-admin@rootsweb.com To visit the Berks Message Board: http://boards.ancestry.com/mbexec?htx=board&r=rw&p=localities.northam.usa.states.pennsylvania.counties.berks To visit the Berks County, PA website: http://www.pa-roots.com/~berks/ Hosted by Nancy Freehafer ------------------------------- To unsubscribe from the list, please send an email to PABERKS-request@rootsweb.com with the word 'unsubscribe' without the quotes in the subject and the body of the message