Sta
	
		
	
	
		
		
			If this is intended as a statement of the rules for Gygax's AD&D, it is wrong.
		
		
	 
I am wrong.  a reread of the old rule makes it clear that ep given for gold should be adjusted by average HD of encounter.  So taking a million gold from a  tribe of orcs would net a small amount of experience for a high level party.  This was the most abused rule in my experience.  whether it was because most dms never read the whole book or simply because it was easier to not adjust it I dont know.
Also magic items kept and used  only gave you a small ep gain by that section.  Acording to the book thier value was in thier use.
 characters or halved for henchman characters. 
EXPERIENCE VALUE OF TREASURE TAKEN 
Gold Pieces: Convert all metal and gems and jewelry to a total value in 
gold pieces. If the relative value of the monster(s) or guardian device 
fought equals or exceeds that of the party which took the treasure, experience
is awarded on a 1 for 1 basis. If the guardian(s) was relatively 
weaker, award experience on a 5 g.p. to 4 x.P., 3 to 2,2 to 1,3 to 1, or even 
4 or more to 1 basis according to the relative strengths. For example, if a 
10th level magic-user takes 1,OOO g.p. from 10 kobolds, the relative 
strengths are about 20 to 1 in favor of the magic-user. (Such strength 
comparisons are subjective and must be based upon the degree of 
challenge the Dungeon Master had the monster(s) pose the treasure 
taker.) 
Treasure must be physically tak