*** As of 9/23/2024 the Dai People unanimously changed the direction of the Kingdom of Dai to move from an economic development organization concept to a faith-based community organization concept. Changes to this website are being made to reflect this new direction. This website will cease to operate upon 01/15/2025. ***
This page displays a table of exchange prices to a variety of products sold in .999 Silver Troy Ounces. Listed below is a range of prices of various commodities and products converted into their equivalent value of silver over the past five years (as data available allows). The MIN value is the lowest price recorded, the MAX value is the highest price recorded, and the AVG value is the average of all prices available (presumed as the standard price). In the event of a theoretical currency catastrophe, the idea would be for all commodity prices to be set arbitrarily to the MAX price and through the process of capitalistic competition gradually reduce the prices to the standard AVG price as commodity markets stabilize.
*** These prices are set within .999 Fine Silver. Prices in Sterling Silver would require a minor adjustment of adding roughly 8% to the amount to account for 92.5% silver composition of Sterling Silver per Troy Ounce. ***
FUELS
Crude Oil (55 gallon barrels)
MIN 2.50T AVG 3.40T MAX 4.60T
Unleaded Gasoline (Per 10 gallons- 87 Grade)
MIN 0.90T AVG 1.10T MAX 1.40T
METALS
Gold (Per Troy Ounce)
MIN 68.40T AVG 82.50T MAX 91.85T
Copper (Per 10 Pounds)
MIN 1.60T AVG 1.80T MAX 2.10T
AGRICULTURIAL PRODUCTS
Corn (Per In-Ear Bushel)
MIN 0.15T AVG 0.25T MAX 0.30T
Wheat (Per Kernal Bushel)
MIN 0.25T AVG 0.30T MAX 0.40T
Soybeans (Per Bushel)
MIN 0.55T AVG 0.65T MAX 0.75T
Live Cattle (Per Ten Pounds)
MIN 0.50T AVG 0.60T MAX 0.70T
PRICING USING OLD BRITISH PENCE-POUND SYSTEM
As a pricing schema for retailers and for small wholesalers, the British pound was used with various currency denominations within its complicated system of proctoring transactions. Though we agree the new system is much simpler to use in the United Kingdom the various denominations of currencies does provide interesting price points that were used by the retailers of that time to set prices. Since the old British system used Sterling Silver as their basis of exchange these price points for your review to assist with pricing are current with the community’s:
(Note these U.S. Dollar Equivalents are based on merchant accepting One Sterling Silver Troy at $25.00 per Ounce)
| Old British Pence System | Troy Ounce Equivalent | U.S. Dollar Equivalent | ||||||
| One penny | 0.1 T | $2.50 | ||||||
| Twopence | 0.2 T | $5.00 | ||||||
| Threepence | 0.3 T | $7.50 | ||||||
| Groat | 0.4 T | $10.00 | ||||||
| Sixpence | 0.6 T | $15.00 | ||||||
| One Shilling | 1.2 T | $30.00 | ||||||
| Two Shillings (One Florin) | 2.4 T | $60.00 | ||||||
| Two Shillings & Sixpence (Half Crown) | 3.0 T | $75.00 | ||||||
| Five Shillings (One Crown) | 6.0 T | $150.00 | ||||||
| Ten Shillings (Half Sovereign) | 12.0 T | $300.00 | ||||||
| Twenty Shillings (One Pound) | 24.0 T | $600.00 | ||||||
