Jump to content
CoinPeople.com

Question about our currency value.


Recommended Posts

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 post
Share on other sites

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 post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...