The History of England in Three Volumes, Vol. I., Part A.: From the Britons of Early Times to King John
David Hume · en
As to the value of money in those times, compared to commodities, there
are some though not very certain, means of computation. A sheep, of the
laws of Athelstan, was estimated at a shilling; that is, fifteen pence
of our money. The fleece was two fifths of the value of the whole
sheep,[*] much above its present estimation; and the reason probably
was, that the Saxons, like the ancients, were little acquainted with any
clothing but what was made of wool. Silk and cotton were quite unknown:
linen was not much used. An ox was computed at six times the value of
a sheep; a cow at four.[**] If we suppose that the cattle in that age,
from the defects in husbandry, were not so large as they are at present
in England, we may compute that money was then near ten times of greater
value. A horse was valued at about thirty-six shillings of our money,
or thirty Saxon shillings;[***] a mare a third less. A man at three
pounds.[****] The board-wages of a child the first year was eight
shillings, together with a cow’s pasture in summer, and an ox’s in
winter.[*****] William of Malmsbury mentions it as a remarkably high
price that William Rufus gave fifteen marks for a horse, or about thirty
pounds of our present money.[******] Between the years 900 and 1000,
Ednoth bought a hide of land for about one hundred and eighteen
shillings of present money.[*******] This was little more than a
shilling an acre, which indeed appears to have been the usual price,
as we may learn from other accounts.[********] A palfrey was sold for
twelve shillings about the year 966.[*********] The value of an ox in
King Ethel ed’s[** word?] time was between seven and eight shillings;
a cow about six shillings.[*********] Gervas of Tilbury says, that in
Henry I’s time, bread which would suffice a hundred men for a day was
rated at three shillings, or a shilling of that age: for it is thought
that soon after the conquest a pound sterling was divided into twenty
shillings. A sheep was rated at a shilling, and so of other things in
proportion. In Athelstan’s time, a ram was valued at a shilling, or
fourpence Saxon.[**********] The tenants of Shireburn were obliged, at
their choice, to pay either sixpence or four hens.[***********]
[* LL. Inse, sect. 69.]
[** Wilkins, p. 126.
[*** LL. Inse, sect. 38.]
[**** Hist. Eliens. p. 471]
[***** Wilkins, p. 56.]
[****** Wilkins, p. 66.]
[******* Wilkins, p. 126.]
[******** Page 121.]
[********* Hist. Eliens. p. 473.]
[********** Wilkins, p. 126.]
[*********** Monast. Anglie. vol. ii. p. 528.]