Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Did normal middle class people have gold coins in Ancient times?
>
Reply to Thread
Message:
<p>[QUOTE="JayAg47, post: 7310276, member: 112342"]A gold aureus equaled 25 denari, and a denarius was a day's wage for a soldier, whereas the common worker would've gotten around 2-3 sesterces/day. So a plebian had no need/means to own gold. Since gold coins were exclusively intended for large purchases, it's like if the US government made a 10,000 dollar bill solely for the government and the top 1% to spend, while the day-to-day needs can be met with a 100 dollar bill, which means no middle class person ever needs a $10,000 bill, but the large denomination is needed for large purchases like buying mercenaries, making weapons, building warships, and other infrastructure projects. And the 10k bill/gold coin would be payed to a wealthy contractor /merchant /warlord, who then issues $100bills/denarius to his workers. So it's no surprise that even though the Romans debased silver coins to almost 0% they still issued almost pure gold coins until the collapse, although reduced in weight over the centuries.[/QUOTE]</p><p><br /></p>
[QUOTE="JayAg47, post: 7310276, member: 112342"]A gold aureus equaled 25 denari, and a denarius was a day's wage for a soldier, whereas the common worker would've gotten around 2-3 sesterces/day. So a plebian had no need/means to own gold. Since gold coins were exclusively intended for large purchases, it's like if the US government made a 10,000 dollar bill solely for the government and the top 1% to spend, while the day-to-day needs can be met with a 100 dollar bill, which means no middle class person ever needs a $10,000 bill, but the large denomination is needed for large purchases like buying mercenaries, making weapons, building warships, and other infrastructure projects. And the 10k bill/gold coin would be payed to a wealthy contractor /merchant /warlord, who then issues $100bills/denarius to his workers. So it's no surprise that even though the Romans debased silver coins to almost 0% they still issued almost pure gold coins until the collapse, although reduced in weight over the centuries.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Did normal middle class people have gold coins in Ancient times?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...