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Roman currency for most of Roman history consisted of gold, silver, bronze, orichalcum and copper coinage. [1] From its introduction during the Republic, in the third century BC, through Imperial times, Roman currency saw many changes in form, denomination, and composition. A feature was the inflationary debasement and replacement of coins over ...
The denarius contained an average 4.5 grams, or 1 ⁄ 72 of a Roman pound, of silver, and was at first tariffed at ten asses, hence its name, which means 'tenner'. It formed the backbone of Roman currency throughout the Roman Republic and the early Empire. [9] The denarius began to undergo slow debasement toward the end of the republican period.
Roman currency for most of Roman history consisted of gold, silver, bronze, orichalcum and copper coinage. [9] From its introduction during the Republic, in the third century BC, through Imperial times, Roman currency saw many changes in form, denomination, and composition. A persistent feature was the inflationary debasement and replacement of ...
Despite this, their primary goal was to exchange foreign currency for Roman currency. [17] Typically the clients of this group were not wealthy, as the upper class of ancient Rome had more secure methods of storing wealth. [21] Another group known as the expectores were tasked with keeping financial records, including those of the argentarii. [22]
1524: The money ordinance Reichsmünzordnung issued at Esslingen is the first attempt at a standard currency system for the Holy Roman Empire. It fixed the weight of the guldengroschen weight at 29.232 g (or 1/8th a Cologne Mark , or 233.856 g), its fineness at 0.9375, and proposed it be divided into 21 groschen or 60 kreuzer .
Roman currency for most of Roman history consisted of gold, silver, bronze, orichalcum and copper coinage. [74] From its introduction during the Republic, in the third century BC, through Imperial times, Roman currency saw many changes in form, denomination, and composition. A persistent feature was the inflationary debasement and replacement ...
Solidus of Constantius II from Antioch, 347–355. A holed coin such as this was likely worn as a jewelry piece by a prominent or wealthy Roman. The solidus was initially introduced by Diocletian in small issues and later reintroduced for mass circulation by Constantine the Great in c. AD 312 and was composed of relatively solid gold.
During the Roman Empire it was a large brass coin. The name sestertius means "two and one half", referring to its nominal value of two and a half asses (a bronze Roman coin, singular as), a value that was useful for commerce because it was one quarter of a denarius, a coin worth ten asses.