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Author Topic: 100 pounds in 1845 would be what in todays money?  (Read 9739 times)

Offline MysticBreeze

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100 pounds in 1845 would be what in todays money?
« on: Monday 28 June 10 23:47 BST (UK) »
I have a Welsh will which specifies breakdown in pounds in 1845.  The total value was 800 pounds.  I'm wondering how much that would be in todays money?  Any ideas



Offline gortonboy

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Re: 100 pounds in 1845 would be what in todays money?
« Reply #1 on: Monday 28 June 10 23:57 BST (UK) »
In 1850, 800 0s 0d would have the same spending worth of today's 46,824.00
MCHUGH {mayo/manchester}   MCHALE{mayo/manchester /chicago}  KENNY{Manchester}   TIMPERLEY{wilmslow-bollin fee,Manchester} SMITH{manchester}  LEE{Colne,manchester,Cheshire} VENABLES {Styal.Cheshire} PAYTON {Staffs/Manchester}McCARTHY{TIPPERARY/MANCHESTER}  EAMES {Wilmslow/Manchester} Eames/Aymes  {Ireland/Manchester/Cheshire
Census information is Crown Copyright www.nationalarchives.gov.uk


Offline gortonboy

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Re: 100 pounds in 1845 would be what in todays money?
« Reply #2 on: Monday 28 June 10 23:58 BST (UK) »
In 1850, 800 0s 0d would have the same spending worth of today's 46,824.00
 
http://www.nationalarchives.gov.uk/currency/

MCHUGH {mayo/manchester}   MCHALE{mayo/manchester /chicago}  KENNY{Manchester}   TIMPERLEY{wilmslow-bollin fee,Manchester} SMITH{manchester}  LEE{Colne,manchester,Cheshire} VENABLES {Styal.Cheshire} PAYTON {Staffs/Manchester}McCARTHY{TIPPERARY/MANCHESTER}  EAMES {Wilmslow/Manchester} Eames/Aymes  {Ireland/Manchester/Cheshire
Census information is Crown Copyright www.nationalarchives.gov.uk

Offline gortonboy

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Re: 100 pounds in 1845 would be what in todays money?
« Reply #3 on: Tuesday 29 June 10 00:01 BST (UK) »
In 1840, 100 0s 0d would have the same spending worth of today's 4,410.00
MCHUGH {mayo/manchester}   MCHALE{mayo/manchester /chicago}  KENNY{Manchester}   TIMPERLEY{wilmslow-bollin fee,Manchester} SMITH{manchester}  LEE{Colne,manchester,Cheshire} VENABLES {Styal.Cheshire} PAYTON {Staffs/Manchester}McCARTHY{TIPPERARY/MANCHESTER}  EAMES {Wilmslow/Manchester} Eames/Aymes  {Ireland/Manchester/Cheshire
Census information is Crown Copyright www.nationalarchives.gov.uk

Offline MysticBreeze

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Re: 100 pounds in 1845 would be what in todays money?
« Reply #4 on: Tuesday 29 June 10 00:06 BST (UK) »
Thank you so much!   :)

Online stanmapstone

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Re: 100 pounds in 1845 would be what in todays money?
« Reply #5 on: Tuesday 29 June 10 07:43 BST (UK) »
Comparing values with those of today is not straightforward because they can be calculated using many different measures, and things which might be expensive now could be cheap then and vice versa. It has been suggested that the most accurate measure would be a comparison of retail price indices.
Current data is only available till 2008. In 2008, 800 0s 0d  from 1845 was worth:
64,600.00    using the retail price index
85,000.00    using the GDP deflator
618,000.00    using the average earnings
909,000.00    using the per capita GDP
2,020,000.00    using the share of GDP

http://www.measuringworth.com/ukcompare/

Stan

Stan
Mapstone, Mapston.
Census Information is Crown Copyright, from www.nationalarchives.gov.uk

Online ShaunJ

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Re: 100 pounds in 1845 would be what in todays money?
« Reply #6 on: Tuesday 29 June 10 07:51 BST (UK) »
800 would have bought 64,000 pints of fairly strong beer (at 3d a pint) in London in 1845, the equivalent of around 200,000 today.
UK Census info. Crown Copyright, from www.nationalarchives.gov.uk

Offline charlotteCH

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Re: 100 pounds in 1845 would be what in todays money?
« Reply #7 on: Tuesday 29 June 10 11:15 BST (UK) »
Stan,

Thanks for that link.  Most informative.

You never cease to amaze me with all the factual things you know.  :)

charlotte

Online Berlin-Bob

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Re: 100 pounds in 1845 would be what in todays money?
« Reply #8 on: Tuesday 29 June 10 18:19 BST (UK) »
You can find some interesting discussions on the value of old money in the RootsChat Reference Library:

It is interesting how the "value" of money is different according to the different comparisons (cost of housing, cost of beer and groceries, wages, etc, etc, etc)

RootsChat Reference => Lexicon (click here)
Any UK Census Data included in this post is Crown Copyright (see: www.nationalarchives.gov.uk)

My research interests (and data found) can be seen on my website:   http://www.margulies-chronicles.com/ (new address !)