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How much would 1 Shekel be worth in our money today.

The basic Hebrew unit of weight ( Ezekiel 4:10) and of monetary value in the Old Testament

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One shekel is the weight of 11.33 grams, which is 0.4 ounces. In biblical times it was implied that a shekel is of silver, that is it is 0.4 ounces silver. In today's prices, an ounce of silver is worth about $22.5, making a shekel worth $9. In biblical times commodities would have their values in weight of silver (how many shekels), such that barter deals were done by comparing the worth of commodities using their silver weight worth as a standard. Rarely would actual weighted silver change hands (one exception is Abraham buying the burial cave in Hebron). Do not confuse this shekel, a unit of weight (of silver), with the modern currency if Israel, named shekel in reference to the biblical monetary unit. The Israeli shekel is modern currency like that of any other country, it just uses the biblical name. One more comment: value of commodities has changed much since biblical times. A Hittite document prices a cow at 5 shekels. in today's prices a cow is worth much more. a slave was priced in the first century at 20 shekels. While you cannot legally buy a slave, one would assume today a salve would be worth much more.

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Wow.. Great information
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Great info. Can you please give me a ref: for this info.
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As usual excellent.
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$4

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Actually the shekel is still in use today in Israel. A modern shekel would be about the same as a dollar but a shekel like from the Bible is very collectible and could sell for about $60-$100 to a collector

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In terms of today's money, what would be the value of the biblical half shekel?Maimonides writes (Laws of Shekalim 1:5) that the half shekel mentioned in the Torah - the annual tithe every Jew was required to give to the Temple coffers - is equal to 160 grains of barley, which, in modern measurements, would be approximately eight grams of silver.
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. Thus, the shekel would be worth about $10.
But in biblical times, According to Judges 17:10, ten shekels was a decent day's wage. So 1 shekel would have been 1/10 day's worth of pay. Today's average daily wage is about $150, so 1/10 of that is about $15.
So judging by equivalents, a shekel is worth between $10 and $15.

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Wow to you and Lior. Great info
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Lior gave an excellent explanation IMHO
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we use Shekel toady in Palestine .. 4 Shekels approx equal $ 1
And it is silver in color ...

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It's Israel, not Palestine.
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And an Israeli shekel is worth slightly more than a US quarter...
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@ Lior ... That's right ...
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Shekels are still used today. About 3.5 fit into a dollar. In biblical times, refer to lior's answer.

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