Cornock family history research: change old money into new

It’s hard to understand the value of money back in the past. For example, when writing home during the 1800s from Australia to his wife in Bristol, UK, my ancestor Peter Cornock describes his purchase of a ring:

At Auction, I got incredibly low figures, I invested 20/- in a gold ring with a crest in a bloodstone, exactly the same color as my initials in pencil case (of course it is always its value) The Crest is a Griffin with a bird in Collar I intend to seal one of my letters with it.

So, did he get a bargain?

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