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What Did A Fel Temp Reparatio Buy In ~350?

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 Posted 07/08/2015  09:57 am Show Profile   Bookmark this topic Add jfk33 to your friends list Get a Link to this Message Number of Subscribers
Greetings!

I just started looking at these coins because I didn't realize just how cheaply you could actually get them (1000+ yr old coins in general). So in doing some cursory research, I was able to find a lot of information on the relative value of the denarius over the centuries, but I have been unable to find much on the fel temp reparatio coins. Does anyone have a good resource on this? I'm interested in finding out where these coins stood (relatively) in terms of perceived value (like in the case of the denarius, I understand it is often attributed to anywhere from 1-3 days soldier / skilled laborer wage, depending on time period and locale). Thanks in advance!
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Ben's Avatar
United Kingdom
4208 Posts
 Posted 07/08/2015  10:36 am  Show Profile   Bookmark this reply Add Ben to your friends list Get a Link to this Reply
I guess the best option to take here is to estimate the value of gold in the empire at that time - the Solidi and Aurei having their value from metal content (while many roman coins became so debased that they cant have taken their value from the copper content, or they would be functionally worthless, like the penny). The Follis is supposed to be 1/180th of a solidus - the FEL TEMP originally was struck as full follis size, but I'm not sure about the reduced folles that it eventually became.
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chrsmat71's Avatar
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4966 Posts
 Posted 07/08/2015  1:12 pm  Show Profile   Bookmark this reply Add chrsmat71 to your friends list Get a Link to this Reply


yeah, I don't think it is exactly known...but small change like ben said.

i always kind of imaging someone trading a couple LRB for an apple from a street vendor or something like that.

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bobbyhelmet's Avatar
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2838 Posts
 Posted 07/08/2015  4:10 pm  Show Profile   Bookmark this reply Add bobbyhelmet to your friends list Get a Link to this Reply
This is a difficult one to answer, as I'm sure you are aware currencies can fluctuate a great deal even in the short term and over the longer term inflation generally reduces the buying power of any given unit.

The Romans 're-valued' and altered their systems a number of times over the years so the best info we have on what coins were worth in real terms come for contemporary writings.

One of the best of these is Diocletian's edict on maximum prices in 301AD. The following link is an excellent resource on the subject:

http://ancientcoinsforeducation.org.../view/79/98/

The full mechanics of the decree have been lost but it was a partial attempt to standardise prices in the Empire and reduce inflation. It ultimately failed, it may have even caused greater inflation but what it gives us is an incredible snapshot of economic life in the Empire at the beginning of the 4th century.

https://en.wikipedia.org/wiki/Edict...ximum_Prices

I collect coins from this very period (give or take 5 years) so I found it fascinating. I was particularly interested in what a soldiers life would be like and discovered the following during my research:

Soldier's lot in 301AD

Basic Pay:1800 Denarii
Donative (4 per year): 2500 Denarii
Grain Annona: 600 Denarii

Total remuneration: 12400 Denarii

So that is 12 of these:
What-Did-A-Fel-Temp-Reparatio-Buy-In-~350?

...or 250 of these:
What-Did-A-Fel-Temp-Reparatio-Buy-In-~350?

...or 1000 of these:
What-Did-A-Fel-Temp-Reparatio-Buy-In-~350?

...or 5000 of these:
What-Did-A-Fel-Temp-Reparatio-Buy-In-~350?

Admittedly some additional extras would be paid in grain or equipment but compare this to an average unskilled labourer earning just 7500 denarii a year and soldiering starts to look OK.

1000 denarii a month was pretty good. A pound of sausages and five glasses of Egyptian beer was only 20 denarii. Celtic beer was twice the price of Egyptian costing 4 denarii, the measures would have been 1 sextarius or 1.1 Pints.

For those with more discerning tastes a fattened goose and a pint of spiced wine would set you back 224 denarii, weeks pay!

A soldier's winter tunic and a pair of shoes would cost 150 denarii. Getting a haircut to finish off your dapper look would cost only 2 denarii.

A scribe would charge you 1 Denarius for about 6 lines of text so sending a letter home was not too bad, whoever you sent it to would probably have to pay someone to read it to them though.

White silk (per pound) would cost a soldier his entire yearly pay, purple silk would cost 150000 denarii and could only be used at the direction of the Emperor.

These figures can't really help you with your 350AD Fel Temp but do paint a vivid picture of 50 years earlier.
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 Posted 07/08/2015  4:28 pm  Show Profile   Bookmark this reply Add Doucet to your friends list Get a Link to this Reply
That's interesting. Glad you posted that bobbyhelmet.

Nice write up.............wish I had those coins too!
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bobbyhelmet's Avatar
United Kingdom
2838 Posts
 Posted 07/08/2015  4:37 pm  Show Profile   Bookmark this reply Add bobbyhelmet to your friends list Get a Link to this Reply
Thanks Doucet!

I should add, as it looks a little odd in the write up, that the radiate at the bottom of the list was worth 2.5 denarii at the time in question. It can be a confusing period as I think the coinage was 're-valued' about 3 times in 8 years.

It is such a shame a complete edict has never been found, all we know has been pieced together from various fragments, I wonder what else may have been on a full version
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 Posted 07/10/2015  09:32 am  Show Profile   Bookmark this reply Add jfk33 to your friends list Get a Link to this Reply
Awesome guys, thanks so much for all the info. It gave me a great jumping-off point to dig a bit deeper. I came across a few other sites that put this coin in a bit more perspective. Here is one pertaining to Roman coinage in general between about 100 - 300 AD:

http://www.forumancientcoins.com/do...h/worth.html

It doesn't specifically mention the FEL TEMP, but it does a great job of summarizing some of the common price points, exchanges, and relative fluctuations during that time (expanding a bit on bobbyhelmet's fantastic post).

This other site gave me slightly more info regarding the FEL TEMP, specifically:

http://www.forumancientcoins.com/do...ith/ftr.html

This was interesting because the author broke down the FTR denominations into size scales,

"...I prefer to use the size scale AE1 (over 25mm), AE2 (21-25mm), AE3 (17-21mm) and AE4 (under 17mm). Earliest FTR coins are AE2 while the last issues had shrunk to the border between AE3 and AE4..."

The interesting thing to note is that by the time of Constantine I, the denarius had greatly devalued. Like, a ton. According to this wikipedia article:

https://en.wikipedia.org/wiki/Solidus_(coin)

"...Although the solidus (plural solidi) was originally introduced by Diocletian in 301 AD, it only entered widespread distribution under Constantine I in 312 AD, permanently replacing the aureus as the gold coin of the Roman Empire.[1] The solidus was struck at a rate of 72 to a Roman pound (est. 328.9 g) of pure gold, each coin weighing twenty-four Greco-Roman carats,[2] or about 4.5 grams of gold per coin. By this time, the solidus was worth 275,000 increasingly debased denarii..."

I get the impression that perhaps the FTR was simply a replacement for the debased denarii. These coins also featured depictions of political propaganda, so it was kind of a win-win to issue them from the standpoint of a Roman leader; you get to replace an otherwise value-less coin while also spreading your image and political message.
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