4 ms·

It's have to be deflation for them to be worth more. The only thing here that would be the equivalent would be the value of the silver. I'm _guessing_ that the

It's have to be deflation for them to be worth more. The only thing here that would be the equivalent would be the value of the silver. I'm _guessing_ that the silver is worth like 1% of the valuation (from looking at the photos). Doesn't seem like it's 2500 kilos of silver (~$1100 per kg at current prices)!

fngjdflmdflg 2y ago
>The only thing here that would be the equivalent would be the value of the silver Not necessarily. A lot more silver has been mined since the Norman Conquest (for example in the New World, but also in the Old World) which increases its supply. The demand for and utility of silver in general has also changed since then.
ChuckMcM 2y ago
Have you done any comparative economics? That is where you take what it "cost" in terms of money for goods or services at a given time and compare that to the cost of the same (or equivalent) goods and services in the present time. Some things like property ownership won't work because the rules changed so much between then and now but meals? Etc? might work.
- eru 2y ago
  It depends a lot on the basket you are choosing. Picking the 'BigMac index' might be fun, ie you try to price a Big Mac. (Since the Big Mac doesn't contain any tomatoes, you could probably have made a reasonable Big Mac clone in the Middle Ages.) It gets ridiculous, if you go by the price of eg the amount of computation a human can do in a year. Or 'ice cubes in the height of summer'.
  - kasey_junk 2y ago
    The sesame seeds in the bun would be a trade good. And there are tomatoes in the special sauce.
    - eru 2y ago
      > The sesame seeds in the bun would be a trade good. Yes, but they were available in the Middle Ages. > And there are tomatoes in the special sauce. OK, I didn't know that. They didn't have tomatoes in the European Middle Ages before contact with the New World was established. But you can probably come reasonably close enough to a Big Mac knockoff with stuff they had available in the Middle Ages.
      - kasey_junk 2y ago
        Sure. It’s just going to be expensive.
  - ChuckMcM 2y ago
    I could certainly see that. Now I'm wondering what someone would have bought with these pennies when they were actually coin of the realm. Edit: per an up level comment, 15 chickens or half a knife? Hmm, chickens are easy the knife isn't. (wide variability in knife pricing). Given that the 'collectible' value has increased beyond the monetary value.

fngjdflmdflg 2y ago

>The only thing here that would be the equivalent would be the value of the silver Not necessarily. A lot more silver has been mined since the Norman Conquest (for example in the New World, but also in the Old World) which increases its supply. The demand for and utility of silver in general has also changed since then.

ChuckMcM 2y ago

Have you done any comparative economics? That is where you take what it "cost" in terms of money for goods or services at a given time and compare that to the cost of the same (or equivalent) goods and services in the present time. Some things like property ownership won't work because the rules changed so much between then and now but meals? Etc? might work.

eru 2y ago
It depends a lot on the basket you are choosing. Picking the 'BigMac index' might be fun, ie you try to price a Big Mac. (Since the Big Mac doesn't contain any tomatoes, you could probably have made a reasonable Big Mac clone in the Middle Ages.) It gets ridiculous, if you go by the price of eg the amount of computation a human can do in a year. Or 'ice cubes in the height of summer'.
- kasey_junk 2y ago
  The sesame seeds in the bun would be a trade good. And there are tomatoes in the special sauce.
  - eru 2y ago
    > The sesame seeds in the bun would be a trade good. Yes, but they were available in the Middle Ages. > And there are tomatoes in the special sauce. OK, I didn't know that. They didn't have tomatoes in the European Middle Ages before contact with the New World was established. But you can probably come reasonably close enough to a Big Mac knockoff with stuff they had available in the Middle Ages.
    - kasey_junk 2y ago
      Sure. It’s just going to be expensive.
- ChuckMcM 2y ago
  I could certainly see that. Now I'm wondering what someone would have bought with these pennies when they were actually coin of the realm. Edit: per an up level comment, 15 chickens or half a knife? Hmm, chickens are easy the knife isn't. (wide variability in knife pricing). Given that the 'collectible' value has increased beyond the monetary value.