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<p>[QUOTE="medoraman, post: 1440927, member: 26302"]Well, under Augustus Rome had about 45 million people. There was no paper currency or banks, so all transactions and store of value all had to be coins. </p><p><br /></p><p>The estimates on numbers of dies and die life all tell us, especially in the later empire, that literally millions were struck every single year.</p><p><br /></p><p>You say the population was small, and it was smaller, but there was a much higher need for coins then than today. I believe that would also help account for the difference. We think of ancients being very slow making these, but about 50 of these coins a minute could be produced, and they had tons of mints.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1440927, member: 26302"]Well, under Augustus Rome had about 45 million people. There was no paper currency or banks, so all transactions and store of value all had to be coins. The estimates on numbers of dies and die life all tell us, especially in the later empire, that literally millions were struck every single year. You say the population was small, and it was smaller, but there was a much higher need for coins then than today. I believe that would also help account for the difference. We think of ancients being very slow making these, but about 50 of these coins a minute could be produced, and they had tons of mints.[/QUOTE]
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