Currently browsing tag

coinage

Gold Coin of Augustus

Roman coins, like this aureus of the emperor Augustus, look deceptively like the coins that we use today. The Romans drew upon monetary traditions established by the Greeks before them to develop a comprehensive linked system of denominational coinage. By the reign of middle of the 1st century AD, millions of coins in gold, silver, brass and bronze were issued at Rome in the west and at the cities of the eastern Mediterranean. Continue reading →

Coinage

Coinage emerged during the Iron Age as symbolic tokens, and gradually took on a role as a formalised method of exchange – first on the basis of their intrinsic value and later for their agreed symbolic value, as in our own fiat coinage. Throughout their existence coins have been hoarded, usually surviving due to accident but sometimes also because of their deliberate votive burial. Continue reading →