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Found An Article On The Ancient Roman Monetary System

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MontCollector's Avatar
United States
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 Posted 01/02/2018  02:36 am Show Profile   Bookmark this topic Add MontCollector to your friends list Get a Link to this Message Number of Subscribers
Since I have been looking at ancient roman coins, I have been wondering how their "Face Value" works. In my research I actually found an article that had exactly what I was looking for. This almost never happens to me when searching the net.

Anyways I found this very interesting and informative. So I figured I would share it for all to read.

Check it out and enjoy. Hope you learn as much as I did.
https://www.armstrongeconomics.com/...an-republic/

Mont.
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Finn235's Avatar
United States
6130 Posts
 Posted 01/02/2018  11:24 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Very informative, but seriously needed an editor to catch all those typos!

Imperial Roman coinage is probably the easiest for the novice to get their feet wet, because for the most part it makes a lot of parallels with modern systems, and can be easily distinguished by type.
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echizento's Avatar
United States
23731 Posts
 Posted 01/02/2018  4:32 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
Thanks for posting, interesting article.
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MontCollector's Avatar
United States
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 Posted 01/02/2018  5:07 pm  Show Profile   Bookmark this reply Add MontCollector to your friends list Get a Link to this Reply
This is a section of the article. After reading it I was left wondering if this could be where the term "Face Value" originated.


Quote:
Around 225 BC there was a major monetary reform during which the As was drastically reduced in weight by 50% once again down to 140 grms. At the same time, the As was revalued and now was the equivalent of 6 Asses to the didrachm of silver instead of 3. It was here between the First and Second Punic Wars, that the coinage underwent another drastic and important change. The introduction of a new series of Aes Grave and the replacement of the silver didrachms by the silver quadrigati, which utilized a janiform head of the Dioscuri on the obverse. The Aes Grave became standardized much more so in design than ever before. The types of which were subsequently adopted as the norm for most of the later issues of Republican bronze. The following table shows the obverse types and relative values of the various bronze denominations while the reverse typically portrayed the prow of a galley:

Denomination Design Mark Value - equivalent

As .... Head of Janus:____ "I" = 12 unciae

Semis.. Head of Saturn:___ "S" = 6 unciae

Triens.. Head of Minerva:__ 4 pellets = 4 unciae

Quadrans. Head of Hercules:__ 3 pellets = 3 unciae

Sextans. Head of Mercury:__ 2 pellets = 2 unciae

Uncia... Head of Bellona:___ 1 pellet.


What do you think?

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Spence's Avatar
United States
34425 Posts
 Posted 01/02/2018  9:23 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply

Quote:
What do you think?


Good thought, but at least according to dictionary.com, this term originated in the late 1800s and was referring to stock or bond certificates. Thanks for posting the article, by the way.
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Doctorwho2485's Avatar
New Zealand
292 Posts
 Posted 01/03/2018  03:37 am  Show Profile   Bookmark this reply Add Doctorwho2485 to your friends list Get a Link to this Reply
A very awesome read
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