Jeffrey - See http://www.continentalline.org/articles/article.php?date=9602&article=960203 for additional information, or Google your specific query - but think you will find you answer at the link above. Lorna ----- Original Message ----- From: "Jeffrey B. Gibson" <jgibson000@comcast.net> To: <paberks@rootsweb.com> Sent: Sunday, April 27, 2008 12:36 PM Subject: Re: [PABERKS] The value of a pound Lorna Xixis wrote: > 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. > What would a pound buy in 1776? Jeffrey -- Jeffrey B. Gibson, D.Phil. (Oxon) 1500 W. Pratt Blvd. Chicago, Illinois e-mail jgibson000@comcast.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