Genesis 23:16

16 And Abraham listened to Ephron; and Abraham weighed out the silver for Ephron which he had named in the hearing of the sons of Heth, four hundred shekels of silver, currency of the merchants.

Genesis 23:16 Meaning and Commentary

Genesis 23:16

And Abraham hearkened unto Ephron
He agreed at once to give him the sum proposed, judging it to be a moderate price between man and man, and he was satisfied with it, and well content to pay him the money: and Abraham weighed to Ephron the silver:
for in those times money had no mark or stamp upon it to show its value, and therefore was not told by pieces, but weighed, by which its full worth was known; and that Ephron might have his whole and just demand, the silver was weighed to him: which he had named, in the audience of the sons of Heth;
who were witnesses of the bargain, of the price set by Ephron, and of the payment of it by Abraham: four hundred shekels of silver:
the sum before mentioned, ( Genesis 23:15 ) : current [money] with the merchant;
such as was used by merchants in buying and selling; such as they would receive, who knew the value of it, and were careful not to take any that was bad; wherefore such as would pass, with them would go anywhere, was current money; how all this is consistent with what Stephen says; (See Gill on Acts 7:16).

Genesis 23:16 In-Context

14 And Ephron answered Abraham, saying to him
15 "My lord, listen to me; the land is worth four hundred shekels of silver. What is that between you and me? So bury your dead."
16 And Abraham listened to Ephron; and Abraham weighed out the silver for Ephron which he had named in the hearing of the sons of Heth, four hundred shekels of silver, currency of the merchants.
17 So the field of Ephron which was in Machpelah, which was before Mamre, the field and the cave which was in it, and all the trees that were in the field, which were within all the surrounding borders, were deeded
18 to Abraham as a possession in the presence of the sons of Heth, before all who went in at the gate of his city.
Scripture taken from the New King James Version. Copyright © 1982 by Thomas Nelson, Inc. Used by permission. All rights reserved.