Kennard:
THE MEANING OF PETRINE REDEMPTION
The basic concept of redemption is the exchanging of ownership, often by paying a price. Peter expresses this thought with two words. First, lytroo means “to set free, redeem or rescue” and often includes paying a ransom.1 The second word, agorazo, emphasizes the market imagery of purchasing goods.2 In such an exchange the goods are set free from the seller, usually to be possessed by the purchaser.
Redemption is applied to people when they are freed from a previous owner. For example, both Greek words for redemption are used to describe the purchasing of slaves. Such redemption may result in enslavement to a new owner or in the slave’s being set free.3 Furthermore these words express the idea of ransom, wherein a conqueror may free prisoners by defeating their master in battle.4 The above examples of human redemption involve the one redeemed exchanging allegiance to the previous dominating power for allegiance to the one accomplishing the redemption. The redemption of people, however, does not require the one redeemed to have a new owner. The person may simply be set free.
The purchase price of the redemption Peter talks about was the death of Christ. For example, Peter heard Jesus say that his purpose in coming was to give his life as a ransom for many (Matt 20:28; Mark 10:45). Such an idea is substitutionary in nature: Jesus died in the place of others.5 Peter develops this theme by first designating what the price of redemption was not and then identifying what it was (1 Pet 1:18-19). For example, the price was not perishable (phthartois), that which is subject to corruption or destruction.6 Additionally, silver and gold are mentioned as dross compared to the extreme value (time) of the actual price paid. In contrast the actual price is the precious blood of Christ. The imagery of the blood refers to Christ’s death, not to Bengelian effusion (draining Christ dry in order to obtain his blood as the imperishable material substance of value).7 Peter and others in his presence use the concept of the blood of Christ as a reference to Christ’s death (Acts 1:19; 5:28), which is further indicated by the context that develops that Christ rose from the dead (1 Pet 1:21). Thus Christ’s death is characterized by a simile: Christ’s blood shed was like that of the sacrificial lamb–that is, the lamb was unblemished and spotless, indicating the required purity of the sacrifice. Therefore Jesus Christ is a pure sacrifice who died for the redemption of mankind.