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Roman currency names survive today in many countries via the Carolingian monetary system, such as the dinar (from the denarius coin), the British pound (a translation of the Roman libra, a unit of weight), the peso (also a translation of libra), and the words for the general concept of money in the Iberian Romance languages (e.g. Spanish dinero ...
Debasement lowers the intrinsic value of the coinage and so more coins can be made with the same quantity of precious metal. If done too frequently, debasement may lead to a new coin being adopted as a standard currency, as when the Ottoman akçe was replaced by the kuruş (1 kuruş = 120 akçe), with the para (1/40 kuruş) as a subunit.
Debasement of the coin's silver content continued after Nero. Later Roman emperors also reduced its weight to 3 grams around the late 3rd century. [10] The value at its introduction was 10 asses, giving the denarius its name, which translates as "containing ten".
Carolingian denarius (Denier) The Carolingian monetary system, also called the Carolingian coinage system [1] or just the Carolingian system, [2] was a currency structure introduced by Charlemagne in the late 8th century as part of a major reform, the effects of which subsequently dominated much of Europe, including Britain, for centuries.
An ancient Roman document called the Historia Augusta (of generally low reliability) refers to silver coins named after an Antoninus on several occasions (several Roman emperors in the late 2nd and early 3rd centuries bore this name). Because Caracalla's silver coin was a new issue, and he had taken Antoninus as part of his imperial name, an ...
A coin issued by Gaius Caesar - also known as Caligula - decorated with a portrait of the Empress Agrippina and dated to A.D. 37-38 sold for about $9,295, according to the BBC.Another coin, issued ...
When the solidus was reintroduced by Constantine I (r. 306–337) in 312 AD, permanently replacing the aureus as the gold coin of the Roman Empire, it was struck at a rate of 72 to a Roman pound of pure gold, each coin weighing twenty-four Greco-Roman carats, or about 4.5 grams of gold per coin.
Now, experts have identified the small coin as a 2,000-year-old Roman denarius, officials said. Using the coin’s inscriptions, it was determined that the relic dates to about 81 B.C.