HOW MUCH 125 POUNDS IS WORTH TODAY

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V21 2018 INDEX E-SYLUM ARCHIVE

The E-Sylum: Volume 21, Number 51, December 23, 2018, Article 11

HOW MUCH 125 POUNDS IS WORTH TODAY

In an earlier issue we discussed the coin replicas produced by Robert Ready of the British Museum. “The prices set on 10 June 1882 were: Full set of Greek coins (800 pieces) £125." Charles Marsteller submitted this as an answer to the question, "How much would 125 pounds be worth today?" Thank you! -Editor

In 2017, the relative value of £125 from 1880 ranges from £11,830.00 to £205,600.00.

A simple Purchasing Power Calculator would say the relative value is £11,830.00. This answer is obtained by multiplying £125.00 by the percentage increase in the RPI from 1880 to 2017.

This may not be the best answer.

The best measure of the relative value over time depends on if you are interested in comparing the cost or value of a Commodity, Income or Wealth , or a Project.

If you want to compare the value of a £125 0s 0d Commodity in 1880 there are four choices. In 2017 the relative:
real price of that commodity is £11,830.00
labour value of that commodity is £58,730.00
income value of that commodity is £95,660.00
economic share of that commodity is £205,600.00

If you want to compare the value of a £125 0s 0d Income or Wealth , in 1880 there are four choices. In 2017 the relative:
real wage or real wealth value of that income or wealth is £11,830.00
labour earnings of that income or wealth is £58,730.00
relative income value of that income or wealth is £95,660.00
relative output value of that income or wealth is £205,600.00

If you want to compare the value of a £125 0s 0d Project in 1880 there are three choices. In 2017 the relative:
real cost of that project is £13,130.00
labour cost of that project is £58,730.00
economic cost of that project is £205,600.00

To read the earlier E-Sylum article, see:
MORE ON READY’S BRITISH MUSEUM REPLICAS (https://www.coinbooks.org/v21/esylum_v21n12a10.html)

Wayne Homren, Editor

The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum

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