I don't disagree with you, I pointed out that very weakness in the calculation myself. But neither am I certain it is wrong. IIRC I converted from silver shekel to denarius silver to gold to USD, which still has value as currency. But I no longer have the notes on that conversion so would have to redo it to defend it.
All the same, you're telling me 50 shekels is worth 25 weeks of labour; thats only 6 months, thats a lot closer to my calculation than Philip's 4 years. I don't feel super confident about anyones numbers.
According to wiki:
When used to pay laborers, recorded wages in the ancient world range widely. The Code of Hammurabi (circa 1800 BC) sets the value of unskilled labor at approximately ten shekels per year of work.[8] Later, records within the Persian Empire (539–333 BC) give ranges from a minimum of two shekels per month for unskilled labor, to as high as seven to ten shekels per month in some records.
Those numbers are just all over the place. Thats a range of 5 months to 5 years. Way too much range to say.
US minimum wage today at $7.50... that gives a value range of $6000 - $72000.
Or the
denarius...
It is difficult to give even rough comparative values for money from before the 20th century, as the range of products and services available for purchase was so different. Classical historians often say that in the late Roman Republic and early Roman Empire (~27 BC) the daily wage for an unskilled laborer and common soldier was 1 denarius (with no tax deductions) or about US$2.80 in bread.
Even if you go by comparing labor, who would work all day today for a single loaf of bread?
By
this...
; actual weights (and values) varied, but most persistent were: (1) gold, 252 3-Febgrams Troy (or 126 1/3), modern equivalent approximately £2 1S., or $10; (2) silver, 224 2-Jangrams (nearly 1/2 ounce)
So 50 shekels of gold would be $500 commonly in modern USD. However Deut 22 calls for silver, so different, but golds typically more valuable as a currency. Right now thats about $7.5 per 1/2 ounce silver or 375$ for 50 shekels. So that hardly makes my estimate meaningless.
But then again that's modern silver so...?
Silver was used as currency in the 20's. The inflation adjusted price from then was about $8/oz (current USD). That puts 50 shekels at $200 in todays USD. That is worse, so that shoots down any theory about modern silver value being less due to it no longer being money. Especially since the 20's inflation adjusted price (when it was money) is half today's price.
What about in terms of commodities? Take land:
Again, if a man consecrates to the LORD part of the fields of his own property, then your valuation shall be proportionate to the seed needed for it: a homer of barley seed at fifty shekels of silver.
Thats a valuation of 50 shekels of silver on land that requires
6 bu of barley seed to plant or about 3 acres at broadcast planting rates. That land will produce less than $1341 in barley/year (modern USD) with modern yields (less with ancient yields) with a crop land valuation of around $6000 (ND land values, prime US barley growing land). However that value is decoupled from ag use; which is closer to $600.
The 6000 valuation matches the minimum labor rate range above as well (which was the same as FollowingHim's estimate). That's an order of magnitude greater than the gold sheckel and my initial estimate; but still not all that high.
In the end, there will be no sure answer. But some ranges are starting to show up.