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Money in Shakespeare’s Day

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It is extremely difficult, if not impossible, to relate the value of money in our time to its value in another age and to compare prices of commodities today and in the past. Many items are simply not comparable on grounds of quality or serviceability.

There was a bewildering variety of coins in use in Elizabethan England. As nearly all English and European coins were gold or silver, they had intrinsic value apart from their official value. This meant that foreign coins circulated freely in England and were officially recognized, for example the French crown (écu) worth about 30p (72 cents), and the Spanish ducat worth about 33p (79 cents). The following table shows some of the coins mentioned by Shakespeare and their relation to one another.


A comparison of the following prices in Shakespeare’s time with the prices of the same items today will give some idea of the change in the value of money.

There was a bewildering variety of coins in use in Elizabethan England. As nearly all English and European coins were gold or silver, they had intrinsic value apart from their official value. This meant that foreign coins circulated freely in England and were officially recognized, for example the French crown (écu) worth about 30p (72 cents), and the Spanish ducat worth about 33p (79 cents). The following table shows some of the coins mentioned by Shakespeare and their relation to one another.


Macbeth

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