On this day in 1667 John Milton's Paradise Lost was registered for publication by printer Samuel Simmons. Milton's agreement with Simmons -- five pounds at signing, another five for each 1,500 copies sold on a first edition of 4,500 -- is the earliest known author's contract. At this point, the fifty-eight-year-old Milton had been totally blind for
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Actually, in 2010, the relative value of £1 from 1667 ranges from £133.00 to £19,400.00.
Source: http://www.measuringworth.com/ukcompare
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