if somebody was fined £20 in 1297, what would that be in todays money ?

Question

a Henly of Arderne was fined in 1297 £20 for smuggling wool into France, durring the reign of King Edward first. He was allowed to pay his fine by instalments. What would that be in todays money.

Answer 1

According to this very helpful site

http://www.nationalarchives.gov.uk/currency/results.asp#mid

£20.00 in 1300 (near enough!) would be £10,350.80.

Answer 2

"In 2006, £20 0s 0d from 1297 is worth £8,010.45 using the retail price index."

Citation

Lawrence H. Officer, "Purchasing Power of British Pounds from 1264 to 2006." MeasuringWorth.com, 2007.

Note: 2007 not available, but 2006 should be close enough!

I'm a professional librarian at Wichita State University. When you need information, try your library!

Answer 3

£20

Answer 4

To a low paid worker it would be about £70,000.
An archer then was paid 2d per day x 6 (not paid for Sundays and Holy days) = 12 pence = 1 shilling. 20 shillings = £1 therefor £20 = 400 shillings or 400 weeks. Today a low paid worker gets minimum wage of about £175 per week. 175 x 400 = £70,000 qed
A Knight, in 1346 was paid 6/3 per day. 400s /6s3d = 64 days / 6 days = 10.33 weeks (see above) This level of person today would get, perhaps £9000 per week. £9000 x 10.33 wks = £93,000 (rounded up) qed.

Answer 5

No matter what the quation is to transfer that amount into modern money. I would say a good years wages if not more for silly henry

Answer 6

today at 12.30pm the pound is worth $2.03which would translate into40.60but that's not taking into account the rise in wages and inflation etc. i would estimate that in todays money twenty pounds sterling would amount to $5000.00 give or take a few bucks.

Answer 7

More than Bill Gates earns from his investments!