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In theory, the solidus was struck from pure gold, but because of the limits of refining techniques, in practice – the coins were often about 23k fine (95.8% gold). In the Greek-speaking world during the Roman period, and then in the Byzantine economy, the solidus was known as the νόμισμα (nomisma, plural nomismata). [4]
Byzantine currency, money used in the Eastern Roman Empire after the fall of the West, consisted of mainly two types of coins: gold solidi and hyperpyra and a variety of clearly valued bronze coins. By the 15th century, the currency was issued only in debased silver stavrata and minor copper coins with no gold issue. [ 1 ]
Hyperpyron of Emperor Manuel I Komnenos (r. 1143–1180), showing its typical scyphate (cup-shaped) form.. The hyperpyron (Greek: νόμισμα ὑπέρπυρον nómisma hypérpyron) was a Byzantine coin in use during the late Middle Ages, replacing the solidus as the Byzantine Empire's standard gold coinage in the 11th century.
The coins initially minted, before the spread of the denier, were the solidus, a gold coin, and the tremissis, also made of gold, equal to one-third of a solidus. The weight of the "Byzantine" solidus was about 4.55 grams and that of the tremissis about 1.52 grams. [60] According to Cagiati, the weight of Benevento solidi rarely reached 4 grams ...
Gold tetarteron of the sole rule of Empress Theodora (r. 1055–1056).. Ever since Emperor Constantine I (r. 306–337), the Byzantine Empire's main coinage had been the high-quality solidus or nomisma, which had remained standard in weight and gold content through the centuries.
It’s a good time to be a gold bug. At the beginning of 2024, gold was trading at around $2,043 per ounce. At the end of last week it was a little higher than $2,330, marking a gain of more than 10%.
In heraldry, a roundel of a gold colour is referred to as a bezant, in reference to the coin.Like many heraldic charges, the bezant originated during the crusading era, when Western European knights first came into contact with Byzantine gold coins, and were perhaps struck with their fine quality and purity.
Bitcoin price predictions for 2025. ... Tim Draper estimates a year-end 2025 price of $250,000 for Bitcoin. ... say that Bitcoin’s total fixed issuance of 21 million coins gives the asset value ...