1793 Cent from the mint

Discussion in 'US Coins Forum' started by Mammothtooth, Sep 13, 2022.

  1. Mammothtooth

    Mammothtooth Stand up Philosopher, Vodka Taster

    Wondering what you could buy in 1793 with a Cent……..
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Not a lot. By inflation calculations, its purchasing power was about the same as today's quarter -- but price patterns were different then, with food and clothing relatively more expensive, and wages relatively lower.

    I've read that "ten-penny" nails were called that because you'd pay ten pennies for a hundred of them. But that would've been actual British pennies, not cents, and it might also have been a "great hundred", or 120 nails.
     
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  4. Inspector43

    Inspector43 Celebrating 75 Years Active Collecting Supporter

    Nails are figured in pennyweight not cents.
     
  5. -jeffB

    -jeffB Greshams LEO Supporter

    I don't think so -- 10d nails are around 66/pound (I just looked it up), which would make them a bit under 4.5dwt each.

    The "nails called according to their 15th-century price (in pence) per hundred/long-hundred" idea is pretty widespread, and I haven't found anything contradicting it prior to your post here. Are you sure you've got it right?
     
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  6. Inspector43

    Inspector43 Celebrating 75 Years Active Collecting Supporter

    I believe you are right Jeff. I tried to remember what I was told 70 plus years ago. Thanks for the correction.
     
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