PDA

View Full Version : Florins into Modern Money



LordWolv
01-21-2011, 01:22 PM
Does anyone know about how much 1 Florin would be if you changed it into modern money (Dollars, Pounds etc.)?

Just a question that I thought of, what do you think?

LordWolv
01-21-2011, 01:22 PM
Does anyone know about how much 1 Florin would be if you changed it into modern money (Dollars, Pounds etc.)?

Just a question that I thought of, what do you think?

BK-110
01-21-2011, 01:47 PM
Well, florins were gold coins, so they were probably worth quite a bit.

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Wikipedia:
The Italian florin was a coin struck from 1252 to 1523 with no significant change in its design or metal content standard. It had 54 grains of gold (3.5g, 0.1125 troy ounce)
</div></BLOCKQUOTE>

Does anyone here have any idea what that would be worth? Of course, one would have to consider how much gold was worth at that time...

ThaWhistle
01-21-2011, 01:52 PM
its very hard to try to do it because there were gold and silver coins, not to mention the flucuating value of those minerals.

Also, property was relatively cheap, food was more expensive, etc. its a really complicated thing to figure out

it could be around 1 florin=several hundred dollars(perhaps as much as 1000). I think the average skilled florentine worker made around 50 florins a year

LordWolv
01-21-2011, 01:56 PM
It's definately a few hundred dollars per florin, but as you've both said it's very difficult to work out. To be honest, it doesn't really matter what the money is made of. A dollar coin could be made out of plastic or solid gold, either way it's still worth a dollar.

ThaWhistle
01-21-2011, 02:04 PM
Its a completely different thing actually.

In the middle ages, currency was all based on the commodity it was made out of. A florin would be worth whatever its weight in gold was compared to other gold currencies.

the value of money today is generally determined by the strength of the nations economy and relative strength compared to other nations, plus the number of those units in circulation, etc, its all very complicated.

LordWolv
01-21-2011, 11:54 PM
Oh alright. Well, I have no idea. http://forums.ubi.com/images/smilies/16x16_smiley-wink.gif

Alpha Ender
01-22-2011, 05:38 AM
The link below states that the Florence florin and the Venice ducat weighed 3.5 grams (gold). The going rate for gold per gram is $43.16. Therefore, an item like Altair's Sword at 50,000 florins would be 7,553,000, or just a little over 7.5 million. The Colosseum, which I think was 30,000, would be 4,531,800, which is a steal if you ask me.

http://bit.ly/fKpIDR

That's returning the favor for your help, Isaac, and yes, I still haven't made a signature. I'm getting to it. Eventually. Maybe. =D

LordWolv
01-22-2011, 09:50 AM
That's great alpha. Thank you. But of course the impossible question of how much gold was worth back then still lies, as even if it's around 50 dollars now it could be worth hardly nothing 500 years ago.

MrRoboto578
01-22-2011, 11:06 AM
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Isaac500:
It's definately a few hundred dollars per florin, but as you've both said it's very difficult to work out. To be honest, it doesn't really matter what the money is made of. A dollar coin could be made out of plastic or solid gold, either way it's still worth a dollar. </div></BLOCKQUOTE>

Actually, the one dollar bill is not worth one dollar, it just represents one dollar worth of credit, and the gold in the vaults of the nation.

rileypoole1234
01-22-2011, 12:40 PM
I'm pretty sure that the house the Auditores had in the beginning of AC2 could be bought for about 1,000 Florins. So I think 50,000 Florins is worth about 1 Billion dollars.

rileypoole1234
01-22-2011, 12:42 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by rileypoole1234:
I'm pretty sure that the house the Auditores had in the beginning of AC2 could be bought for about 1,000 Florins. So I think 50,000 Florins is worth about 1 Billion dollars. </div></BLOCKQUOTE>
Woops my math was a bit off, I think it's actually around 7.5 or 8 MILLION, not billion.


Cheers.

Alpha Ender
01-22-2011, 02:51 PM
True. We'd have to find something he could buy back then that we could compare to the price of things now, and...that would take far too long.

dex3108
01-22-2011, 03:34 PM
We could make comparison between multiply items and their prices and that should be enough http://forums.ubi.com/groupee_common/emoticons/icon_biggrin.gif

ThaWhistle
01-22-2011, 04:55 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by SargeAssassin:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Isaac500:
It's definately a few hundred dollars per florin, but as you've both said it's very difficult to work out. To be honest, it doesn't really matter what the money is made of. A dollar coin could be made out of plastic or solid gold, either way it's still worth a dollar. </div></BLOCKQUOTE>

Actually, the one dollar bill is not worth one dollar, it just represents one dollar worth of credit, and the gold in the vaults of the nation. </div></BLOCKQUOTE>


we aren't on the gold standard anymore. so technically american money isn't backed by anything.

ThaWhistle
01-22-2011, 04:57 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by rileypoole1234:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by rileypoole1234:
I'm pretty sure that the house the Auditores had in the beginning of AC2 could be bought for about 1,000 Florins. So I think 50,000 Florins is worth about 1 Billion dollars. </div></BLOCKQUOTE>
Woops my math was a bit off, I think it's actually around 7.5 or 8 MILLION, not billion.


Cheers. </div></BLOCKQUOTE>

that sounds about right. the valuations of things today are different than they are now, so even when converted to accurate numbers, the value wouldn't be very comparable. A loaf of bread would cost perhaps 50+ dollars, whereas a months rent would be just a couple hundred dollars.