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<p>[QUOTE=&quot;dougsmit, post: 4535050, member: 19463&quot;]I have been surprised at how rarely it seems that &#039;loser&#039; coins were demonetized by the winner.&nbsp; In the case of Postumus and other rulers of a restricted area, I doubt that the question came up often while they were new.&nbsp; The value of earlier coins was dependent on the metal in them rather than the face on them.&nbsp; I suspect the first issues of Postumus which had better silver would be good in that region much longer than the AE coins that followed but, again, I doubt it came up often since melting would be more profitable.&nbsp; You would have to refer to hoard studies to see what was found together in various regions.&nbsp; All the answers will not be the same.&nbsp;&nbsp; We do know from hoards that coins of Mark Antony remained in circulation for a century and a half mostly because they were poor silver and no one wanted them in their buried hoard until the alloy of the current thing was equally bad (mid 2nd century AD or so).&nbsp; There were some in the great Reka Devnia hoard but hardly any other coins before Vespasian and relatively fewer even from the Flavian period.&nbsp; How many of you spend the 1964 quarters you get in change? The Romans did not either.</p><p><br /></p><p>I do wonder if a question might be raised if one stranger happened to have a large number of coins from an earlier loser but I doubt that a single coin here and there would be noticed.&nbsp;&nbsp; I doubt the common man thought much about it but moneychangers probably did.[/QUOTE]</p><p><br /></p>

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