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Another First: A Republic As

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ThomasJefferson's Avatar
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130 Posts
 Posted 02/22/2014  6:10 pm Show Profile   Bookmark this topic Add ThomasJefferson to your friends list Get a Link to this Message Number of Subscribers
Another-First:-A-Republic-As
Another-First:-A-Republic-As

Roman Republic, c. 211-208 BC
Ae As 36.2 mm, 51.38 g
Obverse: Janiform head.
Reverse: ROMA - Prow, apex and hammer above
Ex RBW Collection

This is the latest acquisition for my collection of ancients; an accumulation that is still in the "dabbling" phase. Stumbling upon a selection of appealing but expensive aes graves at a large, local show inspired this purchase. It's a few shades darker in hand - my phone doesn't have much in the way of white balance and my camera is apparently not suited for photographing ancient coins.

The first question my non-collecting friends and family ask when shown ancient coins is: "What would this have bought at the time?" If someone could shed light on that, I'd be happy to pass along the information. =) Comment on the coin and the seller's attribution is appreciated, as always. Thanks
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echizento's Avatar
United States
23731 Posts
 Posted 02/22/2014  6:23 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
Very nice chunky coin.
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Ben's Avatar
United Kingdom
4208 Posts
 Posted 02/22/2014  6:54 pm  Show Profile   Bookmark this reply Add Ben to your friends list Get a Link to this Reply
I have the Semis of the time, very big.

Keep that in mind when I give you this information - the value of Roman coinage varied a lot, and this is not true of your period: A pound of pork and a pound of grapes cost 380 and 32 assarii, respectively, at the start of Diocletians rule. This was much later and the denomination was much much smaller. So all that can be said is that this would have bought more than 1/380th of a kilo of pork.

Perhaps we should assume that the value depended on the weight of the copper. an example of a diocletian As weighed 5.4g - thats 380*5.4g/kgp (kilos of pork), thats roughly 2kg of copper per kilo of pork. That works out to about 40 of these per kilo of pork, assuming a stable pork market.
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ThisIsFun's Avatar
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2480 Posts
 Posted 02/22/2014  7:34 pm  Show Profile   Bookmark this reply Add ThisIsFun to your friends list Get a Link to this Reply
Big bronze, LIKE!

As for your question regarding the purchasing power of your coin while it was in circulation... dang, I recall seeing something about that in a book just a few days ago but can't remember which book! If I come across it again I'll post it.
Edited by ThisIsFun
02/22/2014 7:35 pm
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ThisIsFun's Avatar
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2480 Posts
 Posted 02/23/2014  07:28 am  Show Profile   Bookmark this reply Add ThisIsFun to your friends list Get a Link to this Reply
Here are some articles and resources which discuss the value of Roman coins during their time in circulation:

Doug Smith's article on the purchasing power of Roman coins:
http://www.forumancientcoins.com/do...h/worth.html

Relative values of Roman coins, by time period:
http://en.wikipedia.org/wiki/Roman_currency

Below is an excerpt from Doug Smith's page on the circulating value of Roman coins. Your coin may represent a third of the daily wage for one legionary soldier.


Quote:
In the Republic (c.200-150 BC) we find records of the pay for a legionary soldier set at 3 asses per day and wheat sold for 4 asses per modius. This would allow a soldier to buy enough bread for a year with about two month's pay. The revaluation of the denarius from 10 to 16 asses in 141 BC raised the legionary pay to 5 asses a day and the price of wheat to a bit over 6 asses per modius. By the time of Caesar, a legionary made 10 asses a day but wheat cost 12 asses a modius. Allowing for local variations all of these prices remained somewhat proportionate to the wages. During the early Empire a modius would sell for two denarii in Rome but could be had for half that price in the rural parts of Italy and only 8 asses (half a denarius) in the breadbasket of Egypt. Baked bread sold for a dupondius a loaf in the expensive cities like Rome and Pompeii and half that (one as) in more rural towns. By this time the legionary was earning nearly a denarius a day but the Praetorian Guard (at Rome) were paid more partially for their honored position and partly to offset the expense of living in the City. Comparing today's prices for bread at the supermarket might suggest an as was worth a bit over a dollar US placing the denarius at about $20.


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TJsCoins's Avatar
United States
3229 Posts
 Posted 02/24/2014  08:23 am  Show Profile   Bookmark this reply Add TJsCoins to your friends list Get a Link to this Reply
Nice coin. I need to get one of these sometime.
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