It is debatable why wizards (or the Gringotts goblins) do not introduce intermediate value coins (such as 5-Sickle, 5-Knut, and 15-Knut). In fact, because an ounce of silver is worth about $7 (£3.70), it's more likely that the Galleon is actually silver, and only coloured gold (by either magic or cladding).īecause there are apparently no banknotes in the wizard world, and because the coins apparently come in just the three different values, wizard money would be expected to be quite cumbersome to count out.

The price of an ounce of gold is currently about US$425 (£225) per troy ounce. If a Galleon is indeed worth about five British pounds, then we may be sure that it is not made from real gold (unless wizards have access to large amounts of very cheap gold). It used the figure that $3.99 (the price of the Fantastic Beasts and Where to Find Them book in US dollars) = 14 Sickles + 3 Knuts. This is equivalent to about £36 (roughly 65 US dollars or 55 Euro according to conversion rates in June 2005), which would put it on a par with some of the more expensive merchandise wands sold.Ī currency converter was produced by CNN in 2001, which assumed that money in the Harry Potter world was worth less than the figures established in this article. Harry pays 7 Galleons for his magic wand. 1 Knut is worth slightly more than 1 penny (1.038.).1 Sickle is worth slightly more than 30 pence (30.103.).It is implied that the first piece of information is an exact conversion, but the second figure may not be exact (perhaps wizards have to pay more for the book than Muggles, who benefit from mechanised printing and population-induced economies of scale): hence, it may be sensible to assume that the first figure is correct. The first piece of information suggests that 1 Galleon is worth around £5.12, but according to the second figure 1 Galleon is approximately £3.01. It is also stated that the book costs £2.50, or 14 Sickles + 3 Knuts. Firstly, it is said that £174 million raised for charity is equivalent to 34,000,872 Galleons + 14 Sickles + 7 Knuts. However, in the book Fantastic Beasts and Where to Find Them, two pieces of information are given which hint at how much wizards' currency is worth in comparison to real-world money. It is quite possible that the author has not thought this out in detail, or that the significantly different social structure (including the lack of mass production) of wizardkind may mean significantly different prices for the similar items in the Muggle and wizarding worlds. There are no definite facts about the worth of wizarding money in Muggle terms.

Harry potter currency converter