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economics

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 →