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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.
Starting with Nero in 64 AD, the Romans continuously debased their silver coins until, by the end of the 3rd century AD, hardly any silver was left.. A predecessor of the denarius was first struck in 269 or 268 BC, five years before the First Punic War, [3] with an average weight of 6.81 grams, or 1 ⁄ 48 of a Roman pound.
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.
The initial coins featured the bust of Roma on the obverse and a six-spoked wheel on the reverse. A loaf of bread or a sextarius ( c. 0.5 L) of wine cost roughly one dupondius at the height of the Roman Empire, though due to the debasement of the denarius over the following century, the dupondius was discarded.
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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 ...
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.