Lorri,

Whilst the lsd shillings to pounds would still work, unfortunately as it is
the US at that time I have no idea what the buying power of a pound would
be.  sorry

Regards

Liz Beecher

-----Original Message-----
From: Lorri Ferguson [mailto:[EMAIL PROTECTED]
Sent: 31 July 2003 05:55
To: Liz Beecher; lace arachne
Subject: Re: [lace] Monetary conversion site


Liz
Thank you for your reply.
The period is 1768, in Ipswich, Mass. Colony.  So obviously we are talking 
about the old pound.  The text goes on to say he (at another time in the 
same period) "purchased 2 more skeins of thread for 2 shillings, six pence. 
Since lace is made from this thread, such purchases indicate that this 
household was engaged in lace making.
The book "The Laces of Ipswich" is about the only real 'hand-made lace 
industry' we have had in this country - this lasted from 1750 - 1840.  It is

a new book written by Marta Cotterell Raffel, ISBN 1-58465-163-6.

It would be very interesting to know what other items cost during this same 
period.

Lorri



----- Original Message ----- 
From: "Liz Beecher" <[EMAIL PROTECTED]>
To: "'Lorri Ferguson'" <[EMAIL PROTECTED]>; "lace arachne" <[EMAIL PROTECTED]>
Sent: Tuesday, July 29, 2003 10:50 PM
Subject: RE: [lace] Monetary conversion site


> <<The cost of the chintz was one pound, three shillings, four pence.  This
> would have been a comfortable debt to pay with lace valued at 
> approximately
> eighteen shillings per yard.">>
>
> One pound = one pound
> three shillings = 15 new pence
> four pence = 1.6 new pence
>
> Therefore it equals one pound, 16.6 new pence.
>
>
> 1 shilling = 5 new pence
>
> Therefore 18 shillings = 90 new pence (there are 20 shillings to the old
> pound and 100 new pence to the new pound)
>
> If you let me know what the date they are talking about in the book is I 
> may
> be able to equate that to a workman's wage
>
>
> Regards
>
> Liz Beecher
>
>
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