Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Hidden 2nd Jewish Revolt Coins
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 1004868, member: 26302"]Agreed Doug. It is very hard to quantify exchange rates, even though many ask. How I came up with my estimation was the fact that a denarius was a day's pay for a soldier, these coins were usually coined onto Roman denari, making the denomination a denarius not a tetradrachm, a roman soldier was a close approximation for modern societies' idea of middle class, and 9/30th of a months wages is not an unreasonable sum for food considering food used to be a higher cost relative to budgets than they are today. Look 100 years ago and see what percentage of budgets went to food, it was much higher before modern agricultural techniques. Also, I have seen prices of food in Roman Italy at the time, (Pompeii), and 9 denari for a family would not have been extravagent eating for a month.</p><p><br /></p><p>Anyway, just wanted to explain to everyone where my estimate came from, as I have a bad habit of doing all of that in my head from various sources. Here is a source I found giving some prices at various times in history:</p><p><br /></p><p><a href="http://www.ancientcoins.biz/pages/economy/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ancientcoins.biz/pages/economy/" rel="nofollow">http://www.ancientcoins.biz/pages/economy/</a>[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1004868, member: 26302"]Agreed Doug. It is very hard to quantify exchange rates, even though many ask. How I came up with my estimation was the fact that a denarius was a day's pay for a soldier, these coins were usually coined onto Roman denari, making the denomination a denarius not a tetradrachm, a roman soldier was a close approximation for modern societies' idea of middle class, and 9/30th of a months wages is not an unreasonable sum for food considering food used to be a higher cost relative to budgets than they are today. Look 100 years ago and see what percentage of budgets went to food, it was much higher before modern agricultural techniques. Also, I have seen prices of food in Roman Italy at the time, (Pompeii), and 9 denari for a family would not have been extravagent eating for a month. Anyway, just wanted to explain to everyone where my estimate came from, as I have a bad habit of doing all of that in my head from various sources. Here is a source I found giving some prices at various times in history: [url]http://www.ancientcoins.biz/pages/economy/[/url][/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
>
World Coins
>
Hidden 2nd Jewish Revolt Coins
>
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...