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Sep 29, 2023 · At today’s silver prices, that means that the conversion rate of a silver shekel to dollar is approximately $6-7. For example, in the book of Exodus, God instructs that a half shekel (around 6 grams of silver) should be donated for a census offering. That amount would be worth around $3-4 today.
12,000 Greek Drachmae. $522,000.00. In the parable of talents, one talent would have been about $522,000, two talents about $1,044,000, and five talents about $2.61 million. * Based on a six hour work day at $7.25/hour minimum wage. Calculator for the many different types of money used in the New Testament (denaius, "widow's mite", shekel ...
Jan 14, 2024 · Though the silver weight is uncertain, biblical texts give us an idea of a shekel’s purchasing power. A shekel was about a month’s wage for a common laborer. The Book of Exodus suggests a shekel was worth about 20 gerahs. It could buy one or two sheep, or purchase about 7 kilograms of flour.
It is impossible to know silver's value in biblical times. At today's rate of approximately 17 US dollars per ounce, 8 grams of silver is around five dollars. 1. Rabbi Eliezer Posner. Footnotes. 1. There is a custom to give a half shekel to charity on the Fast of Esther (click here for more info on this tradition).
Oct 24, 2024 · A biblical shekel of silver was equivalent to around 0.6 troy ounces of silver. As of today, the value of 0.6 troy ounces of silver would be approximately $13-15 USD, depending on current market ...
Tim’s Answer. Thank you for your question about the valuation of a shekel. You question how can we value 30 shekels at $12,000 to $15,000 in today’s value when the shekel only weighed approximately 0.5 ounces and silver prices today are around $40 per ounce. This would yield a value of approximately $600 at today’s price of silver.
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1 talent = 3000 shekels 1 talent = 50 minas 1 mina = 60 shekels 1 shekel = 2 bekas 1 shekel = 20 gerahs. Converting to modern equivalents. There are many places in the Old Testament where weights of gold and silver are given in talents and / or shekels. It can be interesting to calculate what these would be worth in today's prices.