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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 ]
Gold coins were almost continually produced by the Byzantines and medieval Arabs. These circulated in Western European trade in smallish numbers, originating from the coinage mints of the Eastern Mediterranean. In Western Europe, the gold coins of Byzantine currency were highly prized. These gold coins were commonly called bezants.
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.
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.
After the loss of Syracuse in 878, Constantinople became the sole mint for gold and silver coinage until the late 11th century, when major provincial mints began to re-appear. Many mints, both imperial and, as the Byzantine world fragmented, belonging to autonomous local rulers, were operated in the 12th to 14th centuries.
The recovered coins were "solidi," meaning that they were made of pure gold, and INRA noted that the government of Luxembourg had given 308,600 euros to the "beneficiaries" of the coin hoard ...
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