Groats in todays money?

[Guest Dizzy]

Does anyone know how much Medieval Groats are worth? (approx. fractions of a U.S. dollar please)

[Chris Perkins 228]

You mean, you want to know what face value those demoninations would represent in US$? Even though they are no longer in use.

Or you want to know the value of some of those coins, with specific dates as collectors items now?

Chris

www.predecimal.com

[Guest Dizzy]

I need to know what face value those demoninations would represent in US$. Do you know?

[Chris Perkins 228]

Well I imagine it would be impossible to say in terms of todays money.

A groat was 4 pre decimal pence, which equates to 1.6667 modern British Decimal Pennies. So that makes a groat worth, what about 2.82 US cents now.

A sixpence is worth 2.5 modern British pennies and a florin is worth 10 modern British pennies. Ducats are not British so I don't know about them.

But when groats, florins etc were made they represented a lot more money than a few US cents, just as 200 years ago a US cent had much more value than a modern US cent.

Also throughout the years, the value of denominations changes, one year you can buy a loaf of bread for a penny, 10 years later the same loaf of bread (but a new one, of course!) may cost 6 pence due to inflation.

In real terms though a florin may have been as important in days gone as a US$5 note, and a sixpence as a 50c coin!

So in short, it's a funny old question to want to know the answer to, and damned hard to work out!

Chris

www.predecimal.com

[Guest Dizzy]

Thank you so much for your help!

[Chris Perkins 228]

If indeed it was any!

No problem

Chris