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<p>[QUOTE=&quot;seth77, post: 8219537, member: 56653&quot;]I think that the vast quantity of AE minted in the 4th century and its presence virtually everywhere in the empire and beyond is a strong indication that the Roman economy was monetized. The scarcity of precious metal issues, although by 350 that gets also plentiful, might indicate a primary function of precious metal issues as primarily military-administrative related, minted usually when the emperor was stationed in the city. So very broadly speaking a &#039;civilian&#039; economy where AE and billon coinage was the vast majority of cashflow, with silver and gold reserved for&nbsp; administrative and military expenses, undertaken by the emperor and his circle of power and bureaucracy.</p><p><br /></p><p>Nice gold barbaric issue -- but have you noticed how many official siliquae present on the market at a given time are also similarly holed? It wouldn&#039;t be impossible that they are connected to foederati, Sarmatians or Goths, that were stationed on the Danube and in the Balkans after the 330s and/or those in Pannonia and on the Rhine in the 350s.[/QUOTE]</p><p><br /></p>

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