Genesis 23:16

16 Abraham agreed to Ephron's terms. So he weighed out for Ephron the amount stated in front of the Hittites: ten pounds of silver at the current merchants' exchange rate.

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 "Sir, listen to me. The land is worth ten pounds of silver. What is that between us? Bury your wife!"
16 Abraham agreed to Ephron's terms. So he weighed out for Ephron the amount stated in front of the Hittites: ten pounds of silver at the current merchants' exchange rate.
17 So Ephron's field at Machpelah, east of Mamre, was sold
18 to Abraham. His property included the field with the cave in it as well as all the trees inside the boundaries of the field. The Hittites together with all who had entered the city gate were the official witnesses for the agreement.
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