Monday, March 23, 2009

How much is 200 denarii?

In preparing to preach on John 6 I've spent far too long trying to work out how much 200 denarri (which Philip says in v7 it would cost to feed the crowd of about 5000 men) would be worth in Britain today, and I'm not sure I'm much the wiser. Unless my sums fail me, which they probably do (!), I reckon 200 denarri might be somewhere between 8 and 23 thousand pounds, which seems an absurdly wide range! I might plump for £15 000 as a guestimate.


Based on the minimum wage:
From 1 October 2008 the UK minimum wage for workers aged 22 years and older is £5.73 per hour.
ESV: a denarius was a daily wage for a worker
£5.73 X 7 hours for a day: £40.11 a day
£40.11 days wage X200 denarrii = £8 000
NIV: 200 denarrii = 8 months wages (= aprox 240 days wages)
£5.73 X 7 hours for a day: £40.11 a day
£40.11 a day X (8 months = 240 days) = £9 626.40

Based on the median wage:
Median weekly pay for full-time employees in the UK in April 2008 was £479.
ESV: a denarius was a daily wage for a worker
£479 per week / 5 = £95.80 a day ; 95.80X200 denarri = £19 160
NIV: 200 denarrii = 8 months wages (= aprox 240 days wages)
£479 per week /5 days X 240 days = £22 992

Since doing these sums, I notice that Tom Wright (John for Everyone, SPCK, p71) "translates" 200 denarrii as "six months' pay".

In Mark 6, Tom Wright "translates" 200 denarrii as "£10 000".

2 comments:

Neil Jeffers said...

You have too much time on your hands. Or did you work it out to distract you from the rugby? Ireland, Ireland, together standing tall...

The Leviathan said...

I know this is a bit late, but I am looking into this myself. I have estimated the current US money for the 200 denarii to be $11,600 (not sure what that is in pounds). I however, have been looking into other factors to ensure I'm not inflating things too much. Here are my thoughts on your calculations though:

The NIV footnote is probably rounding off; a day's wage is what I have always heard a denarius was in Jesus' day. Also keep in mind this would have been a servant's wage, so using the minimum wage would be the most accurate. So take minimum wage x 200.