Genesis 23:16

16 Abraham agreed with Ephron; and Abraham weighed out for Ephron the silver that he had named in the hearing of the Hittites, four hundred shekels of silver, according to the weights current among 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 Ephron answered Abraham
15 "My lord, listen to me; a piece of land worth four hundred shekels of silver—what is that between you and me? Bury your dead."
16 Abraham agreed with Ephron; and Abraham weighed out for Ephron the silver that he had named in the hearing of the Hittites, four hundred shekels of silver, according to the weights current among the merchants.
17 So the field of Ephron in Machpelah, which was to the east of Mamre, the field with the cave that was in it and all the trees that were in the field, throughout its whole area, passed
18 to Abraham as a possession in the presence of the Hittites, in the presence of all who went in at the gate of his city.
New Revised Standard Version Bible, copyright 1989, Division of Christian Education of the National Council of the Churches of Christ in the United States of America. Used by permission. All rights reserved.