Money Conversion

[rutht22000]

anyone know what £16,000.00 in 1879 would equate to now?

just found a family bankruptcy and he owed that much so wondering just how much it would have been in "our" times. 

Thanks 

[aghadowey]

This sort of query comes up now and then- see under Value of Old Money in Lexicon for links-
http://surname.rootschat.com/lexicon/reflib-lexicon.php?letter=V&lang=EN&input_form=0

[Berlin-Bob]

Hi Ruth,

you can find some topics on Value of Old Money in the
RootsChat Reference => Lexicon ^{(click here)}
(Tip: click on a category - on the right - for related topics)

Some of the discussions are interesting, as they also raise the question of value "compared to what ?" - price of bread ?, beer ? housing ? wages ? etc.

regards,
Bob

update:  SNAP ! 

[stanmapstone]

anyone know what £16,000.00 in 1879 would equate to now?

just found a family bankruptcy and he owed that much so wondering just how much it would have been in "our" times. 

Thanks 

To give a simple answer, in 1880, £16,000 0s 0d would have the same spending worth of 2005's £772,960.00. http://www.nationalarchives.gov.uk/currency/

Stan

[GrahamSimons]

The "how much is that in today's money?" question has many answers....This website allows you to explore them in some depth, and has a neat calculator:

http://www.measuringworth.com/ppoweruk/

Graham