{"id":2946,"date":"2023-03-19T10:07:31","date_gmt":"2023-03-19T09:07:31","guid":{"rendered":"https:\/\/www.learnancientrome.com\/?p=2946"},"modified":"2023-03-19T10:07:31","modified_gmt":"2023-03-19T09:07:31","slug":"what-was-the-currency-in-ancient-rome","status":"publish","type":"post","link":"https:\/\/www.learnancientrome.com\/what-was-the-currency-in-ancient-rome\/","title":{"rendered":"What was the currency in ancient rome?"},"content":{"rendered":"

The currency in ancient Rome was the denarius. It was first minted in 211 BC and was made of silver. The denarius was worth ten bronze coins, or asses. The word denarius comes from the Latin word for “ten.”<\/p>\n

The currency in ancient Rome was the denarius.<\/p>\n

What was ancient Rome currency called? <\/h2>\n

The aureus was the basic gold monetary unit of ancient Rome and the Roman world. It was first named nummus aureus (“gold money”), or denarius aureus, and was equal to 25 silver denarii. A denarius equaled 10 bronze asses (In 89 bc, the sestertius, equal to one-quarter of a denarius, replaced the bronze ass as a unit of account. The aureus was struck first as a thin disk with a diameter of about 28-29 mm and a weight of 5.1-5.3 grams. It was about the thickness of a modern U.S. dime. The coin’s obverse (front) usually featured the head of the emperor, while the reverse (back) featured the image of a god or goddess.<\/p>\n

The Romans were one of the first civilizations to produce currency in the form of coins. They did this because they knew that people needed a standard way of exchanging money if trade was to flourish. The coins were made of silver, gold, and sometimes bronze. The value of each coin was equal to the value of the metal it contained.<\/p>\n

What did Romans use before coins <\/h3>\n
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The aes signatum were eventually replaced in the first century BC with the denarius, a silver coin which was also the name for a unit of account. The denarius was initially worth ten bronze asses, or one hundredth of a libra. The denarius continued to be the main coin of the Roman Empire until it was replaced by the antoninianus in the third century AD.<\/p>\n

Orichalcum was a type of brass used by the Romans for high-denomination coins. The metal was a yellowish alloy of copper and zinc, and was prized for its color. The Romans also used copper for the two smallest denominations of coin, which were less valuable.<\/p>\n

What was the first Roman coin? <\/h2>\n

The Aes Signatum was the first true Roman coin, replacing the Aes Rude sometime around the start of the 3rd century BC. These coins were more than simple lumps of metal, in that they were cast, had a regular and discernable rectangular shape and were stamped with raised designs.<\/p>\n

The denarius was the standard Roman silver coin, and was the most commonly used denomination in the Roman world. It circulated in various forms for almost 500 years, from the overhaul of Roman coinage in 211 BC under the Republic, until it was last struck under the Emperor Diocletian.<\/p>\n

Did ancient Rome have coins? <\/h2>\n
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Coins were an important part of the Roman economy and played a large role in their society. Early Roman coins were made of bronze, but later coins were made of silver, gold, and copper. The most popular and prevalent coin of the Roman Empire was the denarius, which was made of pressed silver. The denarius remained in circulation for an amazing five centuries. Coins were used for a variety of purposes in Roman society, such as trade, taxes, and even as a form of currency.<\/p>\n

The Romans made trade as easy as possible. There was only one currency used and there were no complicating custom dues. Trade was also encouraged by many years of peace within the Empire. Trade was vital to the success of the Empire.<\/p>\n

How much is 1 Roman gold coin worth <\/h3>\n

As seen in the video below, a Roman Gold Aureus issued under Roman Emperor Augustus is worth a lot. An example like this, that is genuine and certified by NGC, costs around $20,000. NGC is the only true Ancient Coin Authentication and Grading Service.<\/p>\n

In 217 BC, the silver denarius was introduced, which led to the creation of the Roman coinage system. The denarius was the standard coin for the Republic and Empire. Over time, gold coins became less rare, while bronze coins became more rare.