1770s money value today?

[Robert Pennington]

Good Afternoon

Does anyone know very roughly what 6600 kr in 1773 might be worth today? It sounds quite a lot to me.

Best Wishes

Robbie Pennington

[Per Eriksson]

Over 3 miljon!
https://ekonomiskamuseet.se/en/historical-currency-converter/


/Peppe

[Jörgen Tollesson]

Fel! Rätt svar: Inte ett öre. Det fanns inga kronor 1773... 

(Varför är detta placerat under "Discussions in English" när alla dina andra inlägg är skrivna på svenska?)

[KG Hammarlund]

Det fanns inga kronor 1773... 

Absolutely true, the krona was introduced in 1873. However, professor Edvinsson (who maintains the calculator) uses the following conversion principle in order to get consistent nominal series, based on the conversion when new coinage was introduced:
1 krona (1873- ) = 1 riksdaler riksmynt (1855-1873) = 1 riksdaler riksgälds (1789-1855) = 1 riksdaler specie (1777-1788) = 18 daler kopparmynt ( -1776) 

If you accept that principle, 6,600 "kronor" in 1773 equals 3,177,501 SEK today, based on Consumer Price Index changes. If a wage index for manual labourers is used, the time needed to get 6,600 "kronor" 1773 will give you 81.7 Million SEK today.

[Robert Pennington]

Fel! Rätt svar: Inte ett öre. Det fanns inga kronor 1773... 

(Varför är detta placerat under "Discussions in English" när alla dina andra inlägg är skrivna på svenska?)

Jag var trött, det är inte alltid jag orkar skriva på svenska...

[Robert Pennington]

Det fanns inga kronor 1773... 

Absolutely true, the krona was introduced in 1873. However, professor Edvinsson (who maintains the calculator) uses the following conversion principle in order to get consistent nominal series, based on the conversion when new coinage was introduced:
1 krona (1873- ) = 1 riksdaler riksmynt (1855-1873) = 1 riksdaler riksgälds (1789-1855) = 1 riksdaler specie (1777-1788) = 18 daler kopparmynt ( -1776) 

If you accept that principle, 6,600 "kronor" in 1773 equals 3,177,501 SEK today, based on Consumer Price Index changes. If a wage index for manual labourers is used, the time needed to get 6,600 "kronor" 1773 will give you 81.7 Million SEK today.

Excellent explanation, thank you!