How much was Manhattan Island purchased for in 1626?

According to tradition, he purchased the island of Manhattan from Native Americans on May 24, 1626 for goods valued at 60 Dutch guilders, which in the 19th century was estimated to be the equivalent of US$24 (or $680 today). read more

This letter from Peter Schaghen, written in 1626, makes the earliest known reference to the company’s purchase of Manhattan Island from the Lenape Indians for 60 guilders. Schaghen was the liaison between the Dutch government and the Dutch West India Company. read more

A common account states that Minuit purchased Manhattan for $24 worth of trinkets. A letter written by Dutch merchant Peter Schaghen to directors of the Dutch East India Company stated that Manhattan was purchased "for the value of 60 guilders" in goods, an amount worth approximately $1,050 in 2015 dollars. read more