In 1762, the Spanish frigate Hermione was captured off of Cadiz by the British ships Active and Favorite. The Hermione was transporting the annual treasure of Peru to Spain.
Prize Money was the value of a captured ship and it's cargo, determined by a Royal Court. The value of this capture was set at a very uninflated 519,705 pounds.
In the past, all captures were the property of the crown, who got the value of the captures, Droits of the Crown. However, the king - God bless him - gave over his captures to the Lord High Admiral, Droits de Admiralty, who shared it with the sailors who actually accomplished the captures.
Thus admiral Hawke (victor of Quivering Bay but was not even present), and Captains Pownall and Sawyer 65,000 pounds each. Then using traditional rules, each crew member received their share. Even the lowliest cabin boy had a share, in the case 482 pounds. Taking into account inflation and various costs of living, this comes out to about $180,000 in today's money.
"These things must be done delicately-- or you hurt the spell." - The Wicked Witch of the West.
"We've got the torpedo damage temporarily shored up, the fires out and soon will have the ship back on an even keel. But I would suggest, sir, that if you have to take any more torpedoes, you take 'em on the starboard side." Pops Healy, DCA USS Lexington.