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ten shillings

English translation: fifteen pounds

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09:53 Sep 1, 2008
English to English translations [Non-PRO]
Art/Literary - Poetry & Literature / money calculation question
English term or phrase: ten shillings
I need to add a note concerning how much ten shillings in 1920 England would be worth today. Does anyone have a good reference for how to calculate it? (Approximate value suffices).
veratek
Brazil
Local time: 04:10
English translation:fifteen pounds
Explanation:
It's 50 pence, and in 1920 the composite price index was 25.3 vs 2003 in 715.2 (1970=100). That's about 30 times, so the current value is about 15GBP or 28USD.
That's from a document called "Consumer Price Inflation since 1750" available from the statistical office. I'll find a ref.

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Note added at 9 mins (2008-09-01 10:03:28 GMT)
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http://www.statistics.gov.uk/CCI/article.asp?ID=726
Selected response from:

David Knowles
Local time: 08:10
Grading comment
Thank you! Exactly what I was looking for...
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +7fifteen pounds
David Knowles


  

Answers


8 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +7
fifteen pounds


Explanation:
It's 50 pence, and in 1920 the composite price index was 25.3 vs 2003 in 715.2 (1970=100). That's about 30 times, so the current value is about 15GBP or 28USD.
That's from a document called "Consumer Price Inflation since 1750" available from the statistical office. I'll find a ref.

--------------------------------------------------
Note added at 9 mins (2008-09-01 10:03:28 GMT)
--------------------------------------------------

http://www.statistics.gov.uk/CCI/article.asp?ID=726

David Knowles
Local time: 08:10
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 72
Grading comment
Thank you! Exactly what I was looking for...

Peer comments on this answer (and responses from the answerer)
agree  Gary D: wow The old 10 shillings and sixpence was really worth something. It used to cost me this to go the the matinee on Saturdays in 1965
13 mins

agree  Ken Cox: nice work
23 mins

agree  Phong Le
1 hr

agree  Sheila Wilson: What memories! I remember being so excited by my first ever brown 10/- note!
1 hr

agree  Will Matter
6 hrs

agree  Jack Doughty: In the 1890s, my father, then a little boy, was delighted to be given a sixpence (two and a half decimal pence) by his grandfather.
6 hrs

agree  Tony M: Working purely empirically, I had arrived at a factor of about ×12, so not too far out, really! Makes my half-crown pocket money (albeit in the '60s) seem almost generous now! Have you noticed, by the way, how inflation has also affected the Tooth Fairy?
1 day13 hrs
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