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<p>[QUOTE="dougsmit, post: 2249062, member: 19463"]I really doubt the smaller denominations circulated much at all after about 200 AD. Many may have been special purpose issues for donatives and Greshem's Law would suggest they would be saved rather than spent at face. This is just a feeling. Provincial AE comes in much smaller denominations and, again I suspect, did more of the duty for small change most places. I do not know of studies that 'proves' anything on the subject.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2249062, member: 19463"]I really doubt the smaller denominations circulated much at all after about 200 AD. Many may have been special purpose issues for donatives and Greshem's Law would suggest they would be saved rather than spent at face. This is just a feeling. Provincial AE comes in much smaller denominations and, again I suspect, did more of the duty for small change most places. I do not know of studies that 'proves' anything on the subject.[/QUOTE]
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