answersLogoWhite

0


Best Answer

The monetary unit during the early medieval period in England was the silver penny, of very a strictly-controlled purity and quality known as "stirling". It is impossible to compare the silver penny of, say, 1190 with modern money, since the relative value of goods has changed immensely since that time.

If we take the average value of a rough-woolled sheep at that time (6 pence) and compare it to the modern value of a breeding sheep (about £90), this would seem to show that a silver penny was equivalent to £15.

If you take the 1190 price of a wooden farm gate (12 pence) and compare it with the modern version (about £200), this seems to say that a penny was equivalent to almost £17.

But the value of a top-quality destrier (war horse of a knight) was around 600 pennies; a similar horse today would be valued at between £3,000 and £6,000, making each penny equivalent to between £5 and £10.

Clearly there is no direct link between medieval penny values and modern values.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much is a pence in Medieval Times?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much were maids paid in Victorian times?

in the Victorian times maids were generally paid up to 3 pence a day


How much is a shilling worth for colonial times?

12 pence


How much did the maid earn in Victorian times?

3 pence a day


How much did a pilgrimage cost in Medieval times?

lots


How much did a medieval woman earn?

The sources I have are inconsistent on this. The Medieval Sourcebook indicates 5 pence per day for weavers, most of whom were women, and 3 to 4 pence for master carpenters and masons, nearly all of whom were men. On the other hand, the source on working women indicates that women made about half as much as men, which is much easier to believe. My bet is that women earned one to two pence per day, on average, when the rent on a cottage was about 5 pence per month, and a penny would buy two dozen eggs. See links to the sources below.


How much money did clothes makers make in colonial times?

only 10 pence.


What was a medieval cook's payment?

Cooks were typically paid from one to five pence per day, depending on the times and their qualifications. This compared with the wages of other people who worked at crafts.


How much did a sword cost in medieval times?

$5,698 dollars


What is a medieval Villein?

A villein in the medieval times was a step up from slavery, had to do hardworking chores and didn't get paid much.


How much do Medieval Times tickets cost?

they coast £150 each


What was the land like around a village in medieval times?

Much of it was forest.


How much did the people in medieval times pay in taxes to the lord?

hggg