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<p>[QUOTE=&quot;Herberto, post: 3187446, member: 74222&quot;]&quot;The Old Testament states that in 600 BC, during the rein of King Nebuchadnezzar’s, a loaf of bread was worth 350 loafs of bread to one ounce of gold. Bread loaf just under one kilo size, not our reduced size loaf of today.</p><p><br /></p><p>This historical record is the price of bread compared to gold price which give s historical precedence to using this method in calculating gold versus bread loaf prices.</p><p><br /></p><p>Over the last 100 years it has varied from 300 to 388 loafs per ounce of gold so has been good parameter for historical records.&quot;</p><p><br /></p><p>from: <a href="https://www.coins-auctioned.com/learn/news/history-of-gold-ounce-price-comparison-to-a-loaf-of-bread" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.coins-auctioned.com/learn/news/history-of-gold-ounce-price-comparison-to-a-loaf-of-bread" rel="nofollow">https://www.coins-auctioned.com/learn/news/history-of-gold-ounce-price-comparison-to-a-loaf-of-bread</a></p><p><br /></p><p><br /></p><p><br /></p><p>Is that true that 300-388 loafs are worth 1 ounce of gold in average in the last 100 years (and during Nebuchadnezzar II&#039;s reign?)</p><p><br /></p><p>Because if these numbers are correct then I think we (perhaps) could figure out the buying power of a 40 Nummis or an Anonymous Follis.</p><p><br /></p><p>1 ounce gold is 31,1 gram.</p><p><br /></p><p>During the reign of Justinian you need about 200 follis in order to buy a Solidus (4,5 gram gold).</p><p><br /></p><p>7 times Solidus give you 31,5 gram gold.</p><p><br /></p><p>1400 follis give you 31,5 gram gold (or 7 solidus)</p><p><br /></p><p>1400 follis give you 350 loafs.</p><p><br /></p><p>With other words: 4 follis give you 1 loaf.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Around year 1000 CE you need 288 Anonymous Follis to buy a Histamenon(4,5 gram gold coin).</p><p><br /></p><p>You need 2016 Anonymous Follis to buy 31,5 gram gold.&nbsp; For 31,5 gram gold you can buy 350 loafs.</p><p><br /></p><p>With other words: For 5,76 Anonymous Follis you can buy a loaf.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>The above examples are 100% amateurish guess based entirely on the fact that 350 loafs really are worth 1 ounce of gold.</p><p><br /></p><p>So, I want to ask: is it true that 300-388 loafs are worth 1 ounce of gold in average the last 100 years (and during Nebuchadnezzar II&#039;s reign?)[/QUOTE]</p><p><br /></p>

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