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<p>[QUOTE="Suarez, post: 4124622, member: 99239"]It's an unsupported theory but there's plenty of contemporary correlation in the folles which saw simultaneous debasement, lowering of module size and increased nominal value - a triple whammy. Going off the top of my head but I'm pretty sure that period hoards tend to show that these all intermingled. A hoard containing Carausius/Allectus ants alongside others stretching all the way back to Gallienus is rather obvious proof the public didn't care.</p><p><br /></p><p>And what choice did they have? If you received payment from a government official and they said "here you go" while handing you less than you got the previous month what were you going to do about it? Nothing. If you were a merchant you'd jack up the prices for your own goods and pass the hurt on to the next guy. If you were in a position of authority you were likely as corrupt as a Honduran cop. If you were the low man on the totem pole you got screwed. Same as it's always been. This obviously led to hyperinflation and the subsequent attempts to control it such as with Diocletian's monetary reforms.</p><p><br /></p><p>The important thing to keep in mind is that the Roman treasury coined money to pay its debts and would always attempt to do so at a net profit. What ended up happening to the coins afterwards when they ended as currency in the marketplace is a different story. In the Britain of Allectus's time, as elsewhere in the Roman world, commerce almost certainly valued ants, folles, old denarii, etc. in fluctuating ad hoc rates in "what the market can bear" fashion.</p><p><br /></p><p>It's inconceivable to me that in the everyday transactions of back then ordinary people would have taken the trouble to check the designs of their coppers when all of them were just about equally worthless. By this point whether you sold a product or a service it would have been much easier to just set prices as number of coins and not bother with face value.</p><p><br /></p><p>Rasiel[/QUOTE]</p><p><br /></p>
[QUOTE="Suarez, post: 4124622, member: 99239"]It's an unsupported theory but there's plenty of contemporary correlation in the folles which saw simultaneous debasement, lowering of module size and increased nominal value - a triple whammy. Going off the top of my head but I'm pretty sure that period hoards tend to show that these all intermingled. A hoard containing Carausius/Allectus ants alongside others stretching all the way back to Gallienus is rather obvious proof the public didn't care. And what choice did they have? If you received payment from a government official and they said "here you go" while handing you less than you got the previous month what were you going to do about it? Nothing. If you were a merchant you'd jack up the prices for your own goods and pass the hurt on to the next guy. If you were in a position of authority you were likely as corrupt as a Honduran cop. If you were the low man on the totem pole you got screwed. Same as it's always been. This obviously led to hyperinflation and the subsequent attempts to control it such as with Diocletian's monetary reforms. The important thing to keep in mind is that the Roman treasury coined money to pay its debts and would always attempt to do so at a net profit. What ended up happening to the coins afterwards when they ended as currency in the marketplace is a different story. In the Britain of Allectus's time, as elsewhere in the Roman world, commerce almost certainly valued ants, folles, old denarii, etc. in fluctuating ad hoc rates in "what the market can bear" fashion. It's inconceivable to me that in the everyday transactions of back then ordinary people would have taken the trouble to check the designs of their coppers when all of them were just about equally worthless. By this point whether you sold a product or a service it would have been much easier to just set prices as number of coins and not bother with face value. Rasiel[/QUOTE]
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