Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
An Introduction to Billion and AE Trachea, The Eastern Roman (Byzantine) Billion Trachy
>
Reply to Thread
Message:
<p>[QUOTE="BenSi, post: 8315475, member: 95174"]Hi Al,</p><p>Pictured are 12th century coins from the reform from l to r, Manuel Hyperpyron, Manuel Aspron Trachy, Manuel Billion Trachy.</p><p><br /></p><p>1 Hyperpyron was equal to three El Aspron Trachy or 48 Bill Aspron Trachea.</p><p><br /></p><p><br /></p><p><br /></p><p>It was, the debasement of coinage happened in the 2nd half of the 11th century, some monasteries and powerful land owners tried to outsmart the system by paying the taxes in the old debased coinage. Alexius pre reform nomisma was around 3 carats, Michael VII about 15 carats. The old coinage was recycled and taken off the market. The Alexius Hyperpyron during the post reform was 20.5 carats.</p><p>I am uncertain how the Emperor handled this tax problem but I am sure a solution was created, more than likely an end to accepting the old currency for tax or rating it at a lower value.</p><p><br /></p><p>As I said above the first concaved coins came during the 11th century ( Such as yours) , the beauty of the new system is it had mixed alloy coins ( El Aspron Trachy, Billion Trachy , Billion City Tetartera.) .[/QUOTE]</p><p><br /></p>
[QUOTE="BenSi, post: 8315475, member: 95174"]Hi Al, Pictured are 12th century coins from the reform from l to r, Manuel Hyperpyron, Manuel Aspron Trachy, Manuel Billion Trachy. 1 Hyperpyron was equal to three El Aspron Trachy or 48 Bill Aspron Trachea. It was, the debasement of coinage happened in the 2nd half of the 11th century, some monasteries and powerful land owners tried to outsmart the system by paying the taxes in the old debased coinage. Alexius pre reform nomisma was around 3 carats, Michael VII about 15 carats. The old coinage was recycled and taken off the market. The Alexius Hyperpyron during the post reform was 20.5 carats. I am uncertain how the Emperor handled this tax problem but I am sure a solution was created, more than likely an end to accepting the old currency for tax or rating it at a lower value. As I said above the first concaved coins came during the 11th century ( Such as yours) , the beauty of the new system is it had mixed alloy coins ( El Aspron Trachy, Billion Trachy , Billion City Tetartera.) .[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
An Introduction to Billion and AE Trachea, The Eastern Roman (Byzantine) Billion Trachy
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...