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Message:: [QUOTE="Finn235, post: 3191528, member: 98035"]Gordian III issued the last denarii that actually circulated, although I suspect that most still hoarded their denarii and spent the antoninianii, which had double the spending power and just about the same silver. Most emperors from Philip I to Diocletian issued denarii, although with the exception of Aurelian, they are all very scarce to exceedingly rare. The absolute last emperor to strike "good silver" denarii of any sort in quantities that probably circulated was Carausius, although his coins are pretty scarce across the board. Like Postumus, it was mostly a publicity stunt rather than a serious attempt to repair the irreparable coinage. After Diocletian's price reforms (which happened around the time of the fall of Allectus if I'm not mistaken) the denarius seems to have existed on paper only as an accounting unit, although some argue that the post-reform "laureate" or the civic "persecution issues" may have been physical denarii communes. The name somehow survived long enough for others to adopt it; directly as multiple-denarii coins of the Vandals, and as the Denier of France, which survives as the penny today. Here's my Gordian III denarius, a coin I'm always happy to show off. Notice a curious engraver's error - Sol is laureate too![ATTACH=full]824048[/ATTACH][/QUOTE]