What are Galleons?
In the Harry Potter world, Galleons, referred to as fat gold coins, have a value of about five British Pounds each. The Goblin, who cast the currency, has his identifying serial number stamped around the edge of the coin. Coins of less value such as silver Sickles and bronze Knuts can be found in circulation too.
Harry Potter’s Mother and Father bequeathed a large sum of Galleon in his inheritance. Another significant estate from Sirius, an ancestor who invented Sleekeazy’s Hair Potion, added Galleon’s wealth nicely.
It seems in the 13th century that a Galleon was worth considerably less than it is now. Whether Chief Bragge intended to pay or not is a moot point. However, in 1269, Barberus Bragg offered 150 Galleon to the champion who successfully captured a Snidget Bird during a Quidditch Match. Today, that same 150 Galleon would be worth well over a million Galleon in today’s value.
These rates would put the value of one Galleon in 1269 at US $48,333 (6666 Galleon) in today’s value. Meaning, today, one Sickle would be worth 392 BP (US $2842), and one Knut would equal 13.5 BP (US $98). Of course, this doesn’t make sense in today’s terms, so 800 years ago (17 Sickles to the Galleon) probably wasn’t accurate.
Galleons described as “fat” gold coins, but in reality, could they be solid gold? 1000 Galleons were carried around in a leather pouch in a pocket. Wouldn’t it seem to be much too heavy to carry if indeed it were solid gold?; perhaps it is some magic? Or was the actual gold content much lower than 100%?
The word Galleon in the Muggle world is a sailing ship used for war or trade from the 15th to the 18th century. Possibly a reference to pirate treasure carried in such sailing vessels of the same period.
Muggles (non- magical’s born of two Muggles) are not to be confused with Squibs, who also lack magic but have at least one magical parent. In the USA a non-magical’s are known as a “no-maj,” and in France, they are called Non-Magiques. Muggles are also sometimes referred to as Can’t-Spells and Non-Wizards.
Where were Galleons and other valuables in Harry Potter’s world stored?
Down Diagon Alley (JK Rowland’s name coming from the word “diagonally”) near its intersection with Knockturn Alley stands a snow-white marble building called Gringotts Wizarding Bank. This Bank is where British witches and wizards store their money and other valuables in vaults, miles below ground. About these heavily-guarded vaults – Hagrid says, “yeh’d be mad teh try an’ rob it.”
Goblins run the Gringotts Wizarding Bank; they alone know the twisty underground passages, the enchantments, and the creatures to protect against intruders and would-be thieves. The goblins have a code that forbids them to speak of the Bank’s secrets and would consider it “base treachery” to give up that code!
Two goblins flank the entrance to the Gringotts Bank. The entrance doors are made of Brass. Through these doors in the entry hall are two more doors of silver. Engraved on these doors is the following warning:
Enter, stranger, but take heed
Of what awaits the sin of greed,
For those who take, but do not earn,
Must pay most dearly in their turn.
So if you seek beneath our floors
A treasure that was never yours,
Thief, you have been warned, beware
Of finding more than treasure there.
Through these silver doors, which, too, are flanked by goblins, is a vast marble hall. Harry’s estimates a hundred or more goblins are sitting at counters. Off from the gallery are “too many doors to count.” Through at least one of these doors is where customers access the vaults.
The passageways to the vaults are dimly lit with torches mounted on the stone walls. The vaults belonging to old Wizard families are deepest and have the most security. The vaults closer to the surface use keys to enter instead of the necessity of a goblin’s touch to enter the deeper vaults.
Carts controlled by the goblins carry you to your vault and travel at high speeds to avoid onlookers getting a good look at their surroundings. Hagrid becomes quite queasy from the combination of the speed of the carts and the twisting paths. Harry’s vault, is of moderate depth and requires a key to enter. The cart travels a while to arrive but not nearly as far down as vault 713, which is where the Philosopher’s Stone is held. This vault requires a goblins stroke to gain entry.
Students of the Hogwart academy receive pamphlets from Gringotts Bank with jobs for hire. The pamphlets wording is offering a challenging career with substantial, danger-related bonuses. Then goes on to say they are recruiting Curse-Breakers for exciting opportunities abroad. They also provide employment as Dragon Feeders, a dangerous job that pays seven Galleons per week.
Are you a Harry Potter fan?
If you are a Harry Potter fan, perhaps you are part of the fan club? Have you read (or own) every book and seen every movie? Do you know about the “invisible” cloak? How about Mimblewimble and other spells taught and learned by witches and wizards at Hogwarts academy? Perhaps you even follow the values of the coins; Galleons, Sickles, and Knuts used to transact business during that fictional era?
If the above describes you, or even if you have never heard of Harry Potter, this should excite you nonetheless!
Compumatrix brought Galleons Back!
Even if you are a Muggle, you can appreciate that Compumatrix created a cryptocurrency called Galleon. What’s exciting about that?? Galleon, traded on the Compumatrix DEX, brings new life and a unique opportunity to the Galleon and us the trader!
At the current time, one Galleon sells for 0.03640 BTS on the Compumatrix DEX. The price is low, but my guess is they won’t stay that low value and shortly they may rise, who knows?! Do the Goblins know??
There are no Goblins and no Gringott’s Bank in the DEX. Why? Because only you control your security with your keys (not the physical kind either), and you are your “own bank!”
There is no Hogwart’s academy and no magic tricks to learn to trade on the DEX. Perhaps, Mimblewimble?
Perhaps not as exciting as watching a Harry Potter movie? That is undoubtedly a matter of taste; however, earning and knowing what you receive can benefit your children for generations to come is very exciting!
Why not get started today and be part of the future of cryptocurrencies? Join Compumatrix today!!
Quote by J.K. Rowling: “Enter, stranger, but take heed Of …. https://www.goodreads.com/quotes/145241-enter-stranger-but-take-heed-of-what-awaits-the-sin