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<p>[QUOTE="BenSi, post: 3183947, member: 95174"]Yes, their are many hoards. In the 12th century after the coin reform most hoards were copper or billion trachea. The gold hoards found seem to be only gold Hyperpyra.</p><p> </p><p>Most of the information regarding the economy of the eastern Roman empire ( Byzantine) is fragmented , one of the best sources for insight is "The book of the Prefect." It goes through many rules and regulations regarding coinage , requiring payment of taxes with older coins when in possession of the owner and it also forbids the hoarding of gold. ( interesting taxes had to be paid in gold , aspron billion, billion and copper forcing the use of all types of metal) </p><p><br /></p><p>It was only in the City itself that all denominations of the 12th century circulated. Hyperpyron, Aspron Trachea, Billion Trachea, Billion tetarteron and copper tetarteron. Outside of the city the smallest denomination of copper tetartera dominated the Greek peninsula and the trachea circulated in Bulgaria and Anatolia. It is a strange problem because either items cost much more in Anatolia or they used a form of credit, we are still uncertain, but those denominations outside the city did not coexist until after 1203.</p><p><br /></p><p>So hoards found tend to be mostly of one denomination, Not necessarily the same die or even ruler. </p><p><br /></p><p>I would suspect a gold coin in circulation would be recycled by the next ruler, melted down in to the purity his reign used.[/QUOTE]</p><p><br /></p>
[QUOTE="BenSi, post: 3183947, member: 95174"]Yes, their are many hoards. In the 12th century after the coin reform most hoards were copper or billion trachea. The gold hoards found seem to be only gold Hyperpyra. Most of the information regarding the economy of the eastern Roman empire ( Byzantine) is fragmented , one of the best sources for insight is "The book of the Prefect." It goes through many rules and regulations regarding coinage , requiring payment of taxes with older coins when in possession of the owner and it also forbids the hoarding of gold. ( interesting taxes had to be paid in gold , aspron billion, billion and copper forcing the use of all types of metal) It was only in the City itself that all denominations of the 12th century circulated. Hyperpyron, Aspron Trachea, Billion Trachea, Billion tetarteron and copper tetarteron. Outside of the city the smallest denomination of copper tetartera dominated the Greek peninsula and the trachea circulated in Bulgaria and Anatolia. It is a strange problem because either items cost much more in Anatolia or they used a form of credit, we are still uncertain, but those denominations outside the city did not coexist until after 1203. So hoards found tend to be mostly of one denomination, Not necessarily the same die or even ruler. I would suspect a gold coin in circulation would be recycled by the next ruler, melted down in to the purity his reign used.[/QUOTE]
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