Value if 1 guinea, 1903

[Certus]

Hey guys,

Just curious (going through an old catalogue). It dates to 1903. With inflation, what would 1 guinea be worth today? This has a double rifle as 30 guineas.

 

[Ryan]

Doing a little looking on the net I found that it used to be 21 shillings to a Guinea. There's 20 shillings to a Pound Sterling. So 30 Guineas equals 630 shillings. At 20 shillings/£ = £31.5 . I threw that in an inflation calculator and it claims that rifle costs £ 3798.36 today.
That's what I got, anyway.

 

[Wheels]

Doing a little looking on the net I found that it used to be 21 shillings to a Guinea. There's 20 shillings to a Pound Sterling. So 30 Guineas equals 630 shillings, divided by 20 shillings/£ = £31.5 . I threw that in an inflation calculator and it claims that rifle costs £ 3798.36 today.
That's what I got, anyway.

That sounds about right from my calculations.

I always thought guinea, crown and pound were synonymous. Neat to learn something new.

 

[Ryan]

Just shy of $5,000 US Dollars. A steal of a deal for a decent double anymore.

 

[spike.t]

But the average annual wage per head was pounds 42......So puts it in perspective bit more.....

 

[Certus]

So about 3/4 of an average persons yearly income. Fair bit.

Thanks everyone