Penny (English coin)

 

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http://en.wikipedia.org/wiki/Penny_(English_coin)

 

The value of the monetary pound sterling is equivalent to 3.87 troy ounces of sterling silver. This is the standard from 1601 to 1816.

3.87 troy ounces = 120.370455 grams

(120.370455 / 500) * 2 640 = 635.556002 carob beans per monetary pound sterling

240 pennies per monetary pound sterling

635.556002 / 240 = 2.64815001 carob beans per monetary pound sterling

2.64815001*3 = 7.94445003 barley grains per penny = ~8 barley or troy grains per penny

8 barley grains = 8 troy grains = 8 grains = 8 grainweight = 1 sterling silver penny

6 wampumpeage = 1 penny

8/6 = 4/3 grains sterling silver = 1 wampumpeage

8 grain = 2.6667 carob = ((2 + (2 / 3)) / 2 640) * 500 = 0.505050505 grams = 1 Penny (English coin)

Therefore, about 1/2 gram sterling silver = 1 english penny from 1601 to 1816.

0.5050/6 = 0.0841666667 grams sterling silver = wampumpeage 1636 massachusetts bay

0.0841666667 * .925 = 0.0778541667 grams fine silver = wampumpeage 1636 massachusetts bay

16.96$ usd = 1 troy ounce fine silver on www.kitcosilver.com

buy at about 18$ usd from the store

0.00250306958 troy ounces fine silver * 16.96

0.00250306958*16.96 = 0.0424520601$ in fine silver content

0.00250306958*18 = 0.0450552524$ to buy it at retail value at the store, or for silver content

3.30$ = wampumpeage quarter inch at retail

3.30 / 0.0424520601 = 77.7347434 or nearly an 80 times markup rate from market price to retail price for the sterling silver.

1.5 inches wampumpeage = 1/2 gram sterling silver = 1.5 inches medium or striped tube bead = 38.1 mm length of bead

1 troy ounce silver = 17.18 usd

1 pound copper = 3.3631 usd

14.583333 troy ounces = 1 pound

3.3631/14.5833333 = 0.230612572 usd

0.925*17.18+0.230612572*0.075 = 15.9087959 usd

15.9087959/3.3631 = 68.9849463

0.5050505*68.9849463 = 34.8408816 grams copper

183.959855 carobs copper = 2.6667 carobs sterling silver = 1 penny.

 

 

16 as = 1 denarius of 18c silver augustus coin reform in 23 BC.

Imperial era coinage


Following the coinage reform of Augustus in 23 BC, the as was struck in reddish pure copper (instead of bronze), and the sestertius or 'two-and-a-halfer' (originally 2.5 asses, but now four asses) and the dupondius (2 asses) were produced in a golden-colored alloy of bronze known bynumismatists as orichalcum. The as continued to be produced until the 3rd century AD. 
from http://en.wikipedia.org/wiki/As_(coin)
17.28c silver = 3.27 grams = 0.105220625 troy ounce * 17.19 usd/troz.
0.105220625*17.19 = 1.80874254/16 = 0.113046409 usd in pure reddish copper
0.113046409/3.3608 = 0.0336367558 pounds = 15.2573758 grams
80.5589442 carob = 1 as population civilian pay

1.80874254/10 = 0.180874254 usd in pure reddish copper
 0.180874254/3.3608 = 0.0538188092 pounds = 24.4118012 grams = 128.89431 carob pure reddish copper

 

 

 		 
hi :). 57.3%
Lakeville, MA
February 24, 2010, Wednesday

 

 

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Updated March 4, 2010  M