This article or section needs to be cleaned up to conform to a higher standard of quality.See How to Edit for help, or this article's talk page. Ludo Bagman used Leprechaun gold to pay Fred and George after their bet, resulting in them blackmailing Ludo with no luck. The only bank seen in the Harry Potter series is Gringotts, which is located in Diagon Alley in London and has hundreds of vaults. The movies grossed $7.7 billion worldwide and the books have made just as much. However, many people would just assume that everything was much cheaper in the Wizarding world as they don't need to spend money on manufacturing but most of it does seem slightly ridiculous. In Harry Potter and the Philosopher's Stone, Hagrid instructs Harry to pay the owl 5 Knuts for his copy of the Daily Prophet. Account-holders may use these vaults to store anything they wish. Get the best deals on Harry Potter Coins when you shop the largest online selection at eBay.com. Moreover, Ron implies he could have been able to afford it if he had not already bought the shamrock hat, which does not mesh with what we know of Ron's finances if the price is actually £500 to 2000 per omniocular set. Going by the currency approximations this would make a beer cost about 60p - British currency - which is of course ridiculously low. The author has stated in two separate books that a Galleon is worth about £3 or £5, and in an interview, that it is worth about £5. “The Harry Potter books range from $8 to $300 for just one single book, this is a shame as everyone should have access to books!” Transportation and communication are regulated by the Ministry and in some cases owned and operated by the Ministry (such as the Floo Network, Knight Bus, and possibly the Hogwarts Express). Muggle money is a wizarding term used to refer to the currency used by Non-magic people, with varying types depending on nationality. In the films, the Galleon seems to be represented by the heraldic "fleam" symbol. "Unum" may be used as Latin for "One". In any event, a value for the Galleon is explicitly given in the foreword to Fantastic Beasts and Where to Find Them, and that value seems to have been used for monetary conversions in all following books. The first Harry Potter movie, the Sorcerer's Stone, was released back in 2001.It was always a magical experience going to the theatre to see the next Harry Potter film and fans regularly filled the seats right up until Harry Potter and the Deathly Hallows: Part 2 came out, 10 years later.. To date, the series has made a staggering $7.2 billion at the box office. It should be mentioned that Rowling's exchange rates between Galleons and Muggle currency are very far off from reality, assuming that Galleons are made from gold. Creative Commons Attribution-ShareAlike License. The reviews are weaker than the franchise as a whole, but its CinemaScore is an A and that’s roughly average for the previous 8 Harry Potter films. If you're a fan, you may wonder: If wizards have magic powers, can they just conjure up money? As for how much money Harry had, some fans have tried to calculate it by how many galleons are shown in the movie, and taking into account that one galleon is worth $6 USD, Harry’s fortune at the beginning of the series was around $303,750. From sleek wands and quidditch broomsticks to an invisibility cloak or the ever-evasive golden snitch, the series is packed with them. It has features like unlimited resources (diamonds, coins, gems, and money), hacking facility, No country lock, free of banning, without root, simple users’ face, realistic HD graphics, and free of cost. From shop CustomLumos. However, it is unclear whether the coins were Galleons, or the currency of some other Wizard community. In Harry Potter and the Deathly Hallows, Hermione duplicated a locket using the Geminio charm. "Widespread amusement is converted into large amounts of money (over 250 million dollars since they started in 1985 – which is the equivalent of over 174 million pounds or thirty-four million Galleons)." However, he spent most of his childhood unaware that his parents had left him any money at all. On the other hand, the use of magic will significantly distort the economy from what we muggles expect, because chattels can be created and changed to other chattels effectively at no economic cost. 2nd editions can reach over £150 and 3rd editions can still achieve in excess of £50. So it is entirely possible that the Prophet can still turn a profit at a cost of 5 Knuts (or even 1 Knut) an issue. As the gold standard values of wizarding currencies are unknown, it is difficult to estimate a present day conversion rate, and one would have to rely on Rowling's older approximations. They are gold, silver, and bronze, respectively. This was then doubled to around $6 million in exchange for starring in the third film, Harry Potter and the Prisoner of Azkaban. — Knut It’s a money-making machine and, while the books and movies have long since been completed, the fandom isn’t going to … Take your favorite fandoms with you and never miss a beat. There are a number of different calculations about the value of the individual pieces of Wizard currency. The three denominations of wizarding currency were sometimes represented with the following set of symbols:[1], The symbol ʛ was also used to represent the Galleon. From Wikibooks, open books for an open world, https://en.wikibooks.org/w/index.php?title=Muggles%27_Guide_to_Harry_Potter/Magic/Money&oldid=3748627. Wizarding money comes in coins only; there are no Galleon bills. This is consistent with the "textbooks" Rowling wrote for charity (Fantastic Beasts and Where to Find Them and Quidditch Through the Ages), which states that GB£174 million/US$250 million is equivalent to 34 million Galleons (or 34,000,872 Galleons, 14 Sickles, 7 Knuts to be exact) and works out as approximately £5.12/$7.35 per Galleon, but does not match the wizarding p… https://screenrant.com/harry-potter-rich-money-gringotts-parents-how-much November 17, 2016 Harry Potter movies have grossed billions of dollars over the years. However, most transportation and communication are accomplished by individuals without a public infrastructure. An incredibly rare Harry Potter book that was almost sold for 50p is set to fetch £50,000 at auction. Based on the £50 to £200 per Galleon exchange rate, that would make the price of these £42 to £210 each. It is also possible that the author, in writing those forewords, confused the values of the Sickle and the Galleon, as the apparent value of the Sickle in the first three books does tally with the stated value of the Galleon. Being more likely to plan ahead, Hermione may have prepaid for a longer subscription to get a rate better than the single issue price, and the one Knut she paid was the owl's courier fee. According to the Harry Potter Wiki, one Galleon is equivalent to roughly 5 British pounds, or $6 U.S. Note that the Galleon/Pound rate cited by Rowling is probably that offered by Gringotts and bears no relation to the precious-metal value of Wizarding coins. At various points throughout the Harry Potter timeline, flashbacks and flash-forwards depict the 1920s, the 1930s, the 1940s, the 1970s, the 1980s, the 2010s, and the 2020s. Disclaimer: I do not own Harry Potter. Harry Potter and the Goblet of Fire raised him to $11 million. In Harry Potter and the Goblet of Fire, Fred and George are selling Canary Cream tricks for 7 Sickles each. For example, in the fifth book, Harry, Ron and Hermione all buy a Butterbeer each; the price for the three is six Sickles - so two Sickles each. A set of Gringotts bank coins are beautifully recreated and set in a collector's coin sleeve. Image credits: katescookieskc This whole situation inspired Emrie’s aunt Katelyn to start a GoFundMe campaign and help raise the money for the braille Harry Potter books that Emrie wanted so deeply. Purchase of Gold membership required, terms & conditions apply. One wonders if, having arbitrarily set the price of the Prophet as 5 Knuts in the first book, the author was at all concerned that this gave it a street value of £0.05 ($0.10). Not to think about the Goblins. Search, discover and share your favorite Harry Potter GIFs. An incredibly rare Harry Potter book that was almost sold for 50p is set to fetch £50,000 at auction. A true first edition of the first HP books will sell for £1,500 if in poor condition and can rise close to £10,000 if signed and pristine. There are 29 Knuts in one Sickle, and 17 Sickles make up a Galleon. The Harry Potter brand is worth $25 billion. In the films, Wizarding money appears as fairly average-sized round coins, not that dissimilar from that used by Muggles. Underpaid workers, such as Mr. Weasley, struggle to support their families. Next: 20 Actors Who Would've Been Great In These Harry Potter Roles Share Share Tweet Email Comment It is apparently mostly a public sector economy with the Ministry of Magic the seemingly largest employer and supplier of services. The Harry Potter Compendium is a FANDOM Books Community. According to Hagrid in Harry Potter and the Sorcerer's Stone , here's the breakdown of the exchange rates for wizard currency. -Mr. Roberts, a Muggle, on wizards attempting to pay him in their own currency in Chapter 7, Goblet of Fire. Receive your very own personalised Hogwarts house journal, with monthly unlocks and interactive surprises, when you become a Gold Member of the Harry Potter Fan Club. The three denominations of wizarding currency were sometimes represented with the following set of symbols: 1. ʛ — Galleon 2. In Harry Potter and the Goblet of Fire, Ron says he wished he had not purchased a dancing shamrock hat so that he might afford omnioculars for 10 Galleons. Poorer families (such as the Weasleys) must buy second-hand to afford the expense. And the best part is, he has also uploaded the files to make your own Harry Potter Monopoly, and a post to give you some hints on making your own game! Download Harry Potter: Puzzles & Spells Game Screenshot. Wizarding World of Harry Potter Money Bank, Multicoloured, one size. The Harry Potter franchise is now worth a shocking $25 billion. In the books, though they are never particularly described beyond their metal and the Knuts being called "tiny" once, there are several references to Wizarding money and Muggle money appearing quite differently. This is consistent with the "textbooks" Rowling wrote for charity (Fantastic Beasts and Where to Find Them and Quidditch Through the Ages), which states that GB£174 million/US$250 million is equivalent to 34 million Galleons[4] (or 34,000,872 Galleons, 14 Sickles, 7 Knuts to be exact[5]) and works out as approximately £5.12/$7.35 per Galleon, but does not match the wizarding prices printed on the backs of the books (£4.99 or 1 Galleon, 11 Sickles; and $3.99 or 14 Sickles, 3 Knuts for the original UK and US editions respectively). Holy Cricket!! This page was last edited on 18 October 2020, at 21:34. Harry Potter is definitely one of the largest franchises in the world. Each Galleon, Sickle and Knut is individually struck in rich detail and plated in either 24 karat gold, silver or copper. There is, we are told, some form of bursary available to the very poorest to enable them to attend Hogwarts; funds were made available to Tom Riddle, for instance. Aside from the Philosopher's Stone which can convert other metals into gold there seems to be no other method of obtaining it. The author has stated in two separate books that a Galleon is worth about £3 or £5, and in an interview, that it is worth about £5. When Harry gets all of his fancy brooms to fly on, we can only speculate that they cost nearly as much as a car. It cannot be used in the wizarding world because wizards and witches have their own currency, which in Great Britain consists of galleons, sickles and knuts. Currency in the wizarding Britain consists of three different coins. It is also mentioned in Harry Potter and the Philosopher's Stone that Harry paid seven Galleons for his wand and that Ron was using his brother's old wand, the implication being that his family could not afford a new one. Gringotts Bank, which is run by goblins and arguably thus also acts as the mint, provides only two services that we see, the vault storage of valuables (mostly gold) and the exchange of Muggle money into wizard money. How does Harry view the money left to him by his parents in view of the years he has spent at the Dursleys? Then again, Harry Potter is said to have contributed $95 million to him, so clearly he made the most money from the franchise. Furthermore, the value of the coins presented by Rowling at the end of Fantastic Beasts and Where to Find Them is extremely unlikely as this would make the overall currency rate of all the coins extremely low indeed. "Knut" or "Canute" is the name of an 11th century King of England. –, Precise for the time of Dumbledore's in-universe writing of the Forewords, some time before his death on, "I had two try and pay me with great gold coins the size of hubcaps ten minutes ago." [2], According to J. K. Rowling, the approximate value of a Galleon is "About five Great British pounds, though the exchange rate varies!".[3]. It is possible that the author simply had not worked out the conversion from wizarding to muggle money until time came to write the forewords of Quidditch Through the Ages and Magical Beasts and Where to Find Them, which came out after the first three books were written. Study questions are meant to be left for each student to answer; please don't answer them here. In Harry Potter and the Order of the Phoenix, Hermione pays an owl 1 Knut for the Prophet. If wands are replaced three times in the life of the wizard, that would be an average of 480 wands required per year, or roughly two per working day.). However, even working alone, indications are that he is able to provide wands for most of the 3,000 to 10,000 wizards in Britain. Attempting to duplicate money with the Geminio spell is also ineffective, as duplicates created from Geminio are worthless. Some copies of Harry Potter might be worth quite a few galleons — up to $55,000 in muggle money to be exact. When the production started in 2000 with Harry Potter and the Philosopher’s Stone, Radcliffe earned “$145,000. This would make it more likely that Ron's family could ill afford to buy a new wand for him, instead giving him Charlie's old wand. WITCHCRAFT & WIZARDRY: ⚗️ Learn magical spells and brew powerful potions! A more appropriate value of the Galleon would be around £24.60 as this would be a rate that would fit with Britains present climate.