To understand historical texts, we must be aware that language—including the emotional connotation attached to words—changes over time. In this paper, we aim at estimating the emotion which is associated with a given word in former language stages of English and German. Emotion is represented following the popular Valence-Arousal-Dominance (VAD) annotation scheme. While being more expressive than polarity alone, existing word emotion induction methods are typically not suited for addressing it. To overcome this limitation, we present adaptations of two popular algorithms to VAD. To measure their effectiveness in diachronic settings, we present the first gold standard for historical word emotions, which was created by scholars with proficiency in the respective language stages and covers both English and German. In contrast to claims in previous work, our findings indicate that hand-selecting small sets of seed words with supposedly stable emotional meaning is actually harm- rather than helpful.