I did some limited research a while ago regarding medieval economies to compare them with the naive perception presented and encouraged by early RPG's (eg: D&D). It is ironic that E.G.G did more to damage myth, legend and historic fact, resulting in damaging the creativity that was supposedly being encouraged. But I digress.
I still need to collate my notes and produce a finalized list that represents something of a coherent (if not slightly adjusted and simplified) view of a working economy. Here are a few examples. Remember, these are very rough examples, as economies and values can change dramatically depending on circumstances and availability.
Somewhere between 13th and 14th century: 1 pound (libra, ducat, 2xflorin) = 20 s. (shilling, solidi) = 240 d. (denari,diniar, penny)
Some example Wages:
- Laborer Men - 2d per day (Pay also supplemented with allowance of grain, rarely paid by the day, but by piece work)
- Laborer Men - 2 pound, 11s, 8d per year (based on 293 days of work)
- Laborer Women - 1d per day
- Laborer Boys - 0.5d per day
- Domestics - 13s to 40s a year, including board/lodging + annual livery
- Clerks and Scribes - 50s per year
- Carpenter- 3.5d per 8 hour day.
- Laborer Family (Man, Wife, 2 fit children) including harvest time and piece work, excluding Sundays and 20 holidays - About 4 pounds per year.
Some sample costs:
Board - 1.5d per day
Meat - 0.25d per pound
Pepper - 1s per pound
Wax of Tunis - 25d per pound
Reap wheat - 5d per acre
Year's worth of bread for a big family - 1 pound, 3s, 6d
Horse - 3s
Sheep - 3d
Property - 1 pound 15s, to 2 pound 8s per acre
Morton College Bell Tower - 142 pounds
Quarter of Wheat - 2s 10d in 1287 (lowest), up to 16s in 1316 (highest)
Coinage Weights (this is one thing I found very silly in AD&D)
# 1gp (AD&D) = 0.1lb of gold, which is 45 grams, which is the equivalent in mass of about three (3) Australian 50c coins (these are BIG coins - 15.8g each).
# 1327 - 1 Florin (23 carat gold) 6.9 grams = 6s
# 1327 - 1 Noble (23 carat) 7.8 grams = 6s 8d
# 1327 - 1 Silver Penny (possibly billion alloy) 1.2 grams = 1d
So, on rough approximation, the laborer family earns 92 grams of gold per year (for a rough comparison). What do two AD&D gp's buy in AD&D?
Payments in pepper and other spices were sometimes considered as durable as gold.
Remember, that these figures are a very rough generalization reconstructed from some scraps of my old notes.