What would £25 in the year 1300 be worth today?
Answer:
A master carpenter in 1266 earned 2d per day or roughly £3 per year. Assuming £30,000 for a similarly skilled carpenter today wagewise it's an increase of 10,000. So by the same logic £25 then would be £250,000 in today's money.
£25 ...the money would be the same ...it is what you could buy with it that would change
Gold was about £1.07 per oz in 1300. Today it's about £322 per oz. A change of x300.
So an estimate of the buying power of £25 in 1300 compared to today is x300 , i.e. £7,500.
Well in 1920's a school cost around £3000 to build.Nowadays
a similar size building would be a million.So in 80 years the cost is 300 times more.1300 to 2007 is 707years. 707yrs divided by
80=8.8375.Multiply this by 300 =2651.5.
2651.5 times 25 =
£66,281.25
Very big, more than the calculated inflation value of money. Because now it must be very ancient and rare. You are already rich if you find such amount used in 1300...
A few dubloons or so
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