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General => The Common Room => Topic started by: Ozdot on Monday 05 March 18 03:49 GMT (UK)
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Hi, I'm wondering if anyone can tell me - approximately - the current value of 2116 pounds in 1891. This was from my great grandfather's will.
Thanks.
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Try this site:
https://www.measuringworth.com/ukcompare/relativevalue.php
Depending on what you want to do with it, it seems it can range from 212,000 pounds to, wait for it - 2,848,000 pounds ??? ???
Sounds a bizarre difference!
Dawn M
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Hi, Dawn,
Thanks very much for being so prompt with your answer to my query.
Wow!! I had no idea it was anywhere near that figure - I would go for the two hundred thousand pound mark.
No, I thought it may have been somewhere over fifty thousand.
Quite a nice little nest egg for my grandmother and her two sisters. It explains a lot.
Cheers,
Ozdot.
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National archives has a converter but to 2005 rates
http://www.nationalarchives.gov.uk/currency/results.asp#mid
In 1890, £2,116 0s 0d would have the same spending worth of 2005's £126,727 .24p
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There isn't really an exact equivalent - it depends on whether you measure against inflation (and if so, which measure), against wages or against purchasing power. All will give you very different answers, sometimes by huge factors.
But - definitely a very respectable sum to leave at that time.
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At 3d a pint, £1 would have bought 80 pints of beer in 1891. To buy the same amount of beer in a pub today would cost at least £250.
So on the basis of the beer index, £2,116 in 1891 would be the equivalent of £529,000 today.
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Thanks Rosie, Antony and Shaun. That gives me an idea of the bequest.
A nice little nest egg for my grandmother and her two sisters.
Cheers,
Dot.