Roman currency denarius1/9/2024 Estimates of the value of the denarius range from 1.6 to 2.85 times its metal content, thought to equal the purchasing power of 10 modern British Pound Sterling (US$15) at the beginning of the Roman Empire to around 18 Pound Sterling (US$29) by its end (comparing bread, wine and meat prices) and, over the same period, around one to three days' pay for a Legionnaire. While they contained precious metals, the value of a coin was higher than its precious metal content, so they were not bullion. Unlike most modern coins, Roman coins had intrinsic value. The archaeological site, called Vindolanda, was once a Roman fort near Hadrian's Wall. 64 and 65, at a site in Northern England. Archaeologists found the valuable coin, which is embossed with the image of the hated Emperor Nero and dates to between A.D. Old Money: Rare Roman 'Nero' Coin Unearthed in England Live Science - June 23, 2014Ī rare gold coin from the Roman Empire has been unearthed in England. This trend continued to the end of the Empire in the West. After the reforms Roman coinage consisted mainly of the gold solidus and small bronze denominations. They were still accepted as payment in Greek influenced territories, even though these regions issued their own base coinage and some silver in other denominations, either called Greek Imperial or Roman provincial coins.ĭuring the third century, the denarius was replaced by the double denarius, now usually known as the antoninianus or radiate, which was then itself replaced during the monetary reform of Diocletian which created denominations such as the argenteus (silver) and the follis (silvered bronze). These were used from the middle of the third century BC until the middle of the third century AD. The Roman currency during most of the Roman Republic and the western half of the Roman Empire consisted of coins including the aureus (gold), the denarius (silver), the sestertius (brass), the dupondius (brass), and the as (copper).
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