Talk:Massachusetts pound

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This article contradicts itself
The introduction implies that Massachusetts did not use paper money between 1749 and 1775. However according to the "Paper money" section Massachusetts produced a "Colonial" issue in 1759. 108.49.90.89 (talk) 16:50, 15 December 2017 (UTC)

Value in USD today
What is the conversion rate when redeeming a Massachusetts pound in today's USD? mdkarazim (talk) 19:00, 17 November 2019 (UTC)


 * In 1770, the market exchange rate between £ Sterling and Mass. £ was 1.25, i.e. one pound sterling was worth 1.25 pound Massachusetts Lawful Money. (McCusker, John J. (1978). Money and Exchange in Europe and America, 1600-1775. The Macmillan Press).


 * Hence, one pound Massachusetts was the same as 16 shillings Sterling according to the the market exchange rate.


 * If you want to compare the value of a 16 shilling sterling income or wealth in 1770 there are three choices (Measuring Worth). In 2019 the relative:
 * real wage or real wealth value of that income or wealth was £111.70
 * labour earnings of that income or wealth was £1,432.00
 * income value of that income or wealth was £1,747.00


 * The average exchange rate of British pounds to US dollar for 2019 was 1.28 (Pound Dollar Exchange Rate (GBP USD) - Historical Chart).


 * Hence in 1770:
 * 100 pound Massachusetts Lawful Money could buy as much stuff as USD 14,297.60 in 2019 (as long as you buy stuff that was available in 1770).
 * the relative income of a person paid 100 pound Massachusetts Lawful Money per year can be compared to the relative income of a person paid USD 183,296.00 per year in 2019.
 * the economic status of a person earning 100 pounds Massachusetts Lawful Money per year can be compared to the economic status of a person earning USD 223,616.00 per year in 2019.


 * Creuzbourg (talk) 19:01, 28 September 2020 (UTC)