The halfpenny (worth half the value of a penny) and farthing (worth a quarter, or a fourth, of the value of a penny) instead of being roughly cut were were then minted. The word farthing was derived from 'fourthing'. The penny changed from silver to copper in 1797 then changed to bronze in 1860 and copper plated steel in 1992.
Elizabethan Period Money and Currency - From 1558 - 1603
The following table details the different coins, or units of currency, and their values.
Units of Currency & Value of Money
The Penny was the basic monetary unit
Elizabethan Money and Currency - Wages
Just as today the amount of wages was purely dependent on the job, or occupation. The Elizabethan lower classes would have only only traded in pennies - a pound would have been out of their reach in terms of spendable money and currency. Some examples of the wages which were earned during the Elizabethan period are as follows:
- A nobleman - £1500 to £3000 per annum
- A merchant - £100 per annum
- A parson - £20 per annum
- A carpenter - £13 per annum
- A laborer - £1500 to £3000 per annum
- A nobleman - £5 per annum
Elizabethan Money and Currency Equivalent to modern day money
The pound in the Elizabethan period would be roughly equivalent to about 400 US dollars at present.
Interesting Facts and Information about Period Money and Currency
Some interesting facts and information about Elizabethan Period Money and Currency
Elizabethan Period Money and Currency
Additional details, facts and information about the Elizabethan Period can be accessed via the Sitemap.