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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 ...
Archaeologists recently concluded their excavation of an area in Luxembourg that contained a hoard of 141 ancient Roman coins, now worth six figures in modern U.S. dollars.
A hoard of Roman coins worth over $125,000 was found during a construction project in central England. The stash of gold and silver coins date back to the reign of Rome's Emperor Nero, according ...
Nero as. Following the coinage reform of Augustus in 23 BC, the as was struck in reddish pure copper (instead of bronze), and the sestertius or 'two-and-a-halfer' (originally 2.5 asses, but now four asses) and the dupondius (2 asses) were produced in a golden-colored alloy of bronze known by numismatists as orichalcum.
A British man who found a massive cache of ancient Roman gold and silver coins while hunting with a metal detector has a lot more modern currency in his pocket after the treasure was auctioned off ...
The dupondius, formerly a two-pound bronze coin, was now orichalcum, valued at half a sestertius and weighing half as much. The half-ounce as, worth half a dupondius, the semis, worth half an as, and the quadrans, worth half a semis, were the first pure copper coins minted in Rome since 84 BC. [3]
European coins date back at least to the Roman Empire, though mass production didn't begin until later with a spike in the number of silver coins. The latter development signaled a "transformation ...
The setup of the banking system under the Empire allowed the exchange of extremely large sums without the physical transfer of coins, which led to fiat money.With no central bank, a professional deposit banker (argentarius, coactor argentarius, or later nummularius) received and held deposits for a fixed or indefinite term and lent money to third parties. [10]
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