Wednesday, September 21, 2011

$$$ The Benjamins of Beowulf $$$

So, through my research on the currency during the time of Beowulf and the Anglo-Saxons, I found that there is a quite conclusive answer to what the currency was.  Although one would think that the currency of this time would be livestock, silver and gold, the main form was silver in the form of the Anglo-Saxon pound.  According to wiki answers the currency of the Anglo-Saxon world was pennies, shillings, and pounds, from smallest to largest in amount, respectively.  The Anglo-Saxon pound is said to be equivalent to 240 pennies, or one pound of silver.  Also, through monetary evolution this denomination of currency has come to be the British pound sterling today.  What has further transferred into future banking is an accounting system that was introduced by Charlamagne to the Frankish Empire, which is as follows: 12 pence = 1 shilling, 20 shillings = 1 pound.  I found it very interesting that there was actually a set currency during the Anglo-Saxon/Beowulf time period, and that it wasn't just livestock, and miscellaneous gold and silver.

http://en.wikipedia.org/wiki/Anglo-Saxon_pound

http://wiki.answers.com/Q/What_was_anglo_Saxon_currency

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