What was a Penny worth in 1600?

Answer 1

The English currency in 1600 was very different to what it is today. A lot of the names are familiar from the 20th century predecimal coinage, but some of the values are different from what you might expect.

English coins in circulation around 1600 were -

Gold

Sovereign (30 Shillings)

Pound (20 Shillings)

Ryal (15 Shillings)

Angel (10 Shillings)

Half Pound (10 Shillings)

Half Angel (5 Shillings)

Crown (5 Shillings)

Quarter Angel (2 Shillings and Sixpence)

Half Crown (2 Shillings and Sixpence)

Silver

Shilling (12 Pence)

Sixpence

Groat (4 Pence)

Threepence

Halfgroat (2 Pence)

Threehalfpence (1.5 Pence)

Penny

Threefarthings (0.75 Pence)

Halfpenny

Answer 2

One British Penny in 1600 had the purchasing power of about £0.54 GBP today.

NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program for which I can take no credit. The resulting answer should only be regarded as an approximation.

Answer 3

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