4 ms·
> In 1993, the Treasure Valuation Committee valued the hoard at £1.75 million (about £3.79 million in 2021) Is this referring to how valuable the money would h
by apitman 3y ago
> In 1993, the Treasure Valuation Committee valued the hoard at £1.75 million (about £3.79 million in 2021)
Is this referring to how valuable the money would have been back then, the current day value of the metals, or the current day historical value of the items?
- mminer237 3y agoThe current day value of them as ancient artifacts. It was 7.7 lb of gold and 52.4 lb of silver, which would be worth ~£190,000 for the metal itself.
- mcguire 3y agoProbably the second. The first would be a very sketchy calculation (although the Bank of England claims to calculate inflation back to the 12-13th century).
- arp242 3y agoIn 1283 London you could buy a Big Mac for a shilling and a twopence, so it's not that hard to calculate.