Island trivia: In 1794 the US Treasury Department estimated the cost of the first lighthouse at Ocracoke (on Shell Castle Island) at £559 09 shillings 2 pence (Pennsylvania currency; 1 Pennsylvania Pound = $2.666). The total in the new US dollar (established in 1792) was $1,491.89. That is approximately $45,432.12 in today's dollars.
Seems like a really good deal to me!
Island trivia: In 1794 the US Treasury Department estimated the cost of the first lighthouse at Ocracoke (on Shell Castle Island) at £559 09 shillings 2 pence (Pennsylvania currency; 1 Pennsylvania Pound = $2.666). The total in the new US dollar (established in 1792) was $1,491.89. That is... See More
Island trivia: In 1794 the US Treasury Department estimated the cost of the first lighthouse at Ocracoke (on Shell Castle Island) at £559 09... See More
