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<p>[QUOTE=&quot;EWC3, post: 4217451, member: 93416&quot;]Sorry, let me clarify</p><p><br /></p><p>By 440 AD, according to Harl, a solidus was worth 42,000,000 denarii. But it equated to 7,000 nummi</p><p><br /></p><p>42,000,000/7,000 = 6,000 denarii – the value of every little nummus by 440.</p><p><br /></p><p>You are looking at something different - the value of the nummus in 323 – which was 6,000/240 thus 25 denarii</p><p><br /></p><p>If I have it right 6,000/25 represents an inflation of 24,000% over that c. 120 year period - mostly occurring in the 4th century</p><p><br /></p><p>Again looking at the evidence that Harl offers - that huge inflation is in part driven by perhaps seven (?) different revaluations of the nummus.</p><p><br /></p><p>Now, it seems to me that at least some of these revaluations would be signalled by a change of type in the nummus, so am puzzled that Harl does not seem to comment on that.</p><p><br /></p><p>Regarding this throwing away of the nummi. I suspect Syrians and Bulgarians hunt even for strays with metal detectors, and if there were loads of late ones being thrown away I think they would be much more common on the market than we actually observe. Large hoards of course still held their value in copper, whatever happened to the notional value.</p><p><br /></p><p>Rob T[/QUOTE]</p><p><br /></p>

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