Delta Posted December 5, 2011 Report Share Posted December 5, 2011 I know this isn't entirely coin related but this is the only place I could think with people who may be able to ask. How much was a half penny worth in 1983 compared to the value of a penny from then today? or rather, does a penny today have less buying power than a half penny in 1983? How would I calculate this? Thanks for any help Link to comment Share on other sites More sharing options...
constanius Posted December 5, 2011 Report Share Posted December 5, 2011 Check this LINK hope that helps. Edit: by using the above link In 2010, the relative worth of £1.00 from 1983 is: £2.63 using the retail price index £2.55 using the GDP deflator * Using average earnings. £4.30 using the per capita GDP £4.73 using the share of GDP By any of the above a present day(2010 latest figures) penny's buy power is less than a 1/2 penny in 1983. Link to comment Share on other sites More sharing options...
Delta Posted December 5, 2011 Author Report Share Posted December 5, 2011 Thank you for the speedy and informative reply! Link to comment Share on other sites More sharing options...
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