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<p>[QUOTE=&quot;JayAg47, post: 7632105, member: 112342&quot;]By 250s there were two silver coins in circulation, denarius and the much more common antoninianus (which were mostly minted from the recalled denarii), and the later is worth 1.5 times more than a denarius, doesn&#039;t matter if the denarius is worth more in silver, the government established the value and the people had to follow it like we are doing with fiat currency.</p><p>However it wouldn&#039;t have stopped some enterprising individuals to hoard good quality silver coins for long term value, like today&#039;s silver stackers, or some merchants taking them away from Rome where the coins are worth it&#039;s value in metal.</p><p>By the time of Gallienus (250s), antoninianus was nothing but a copper coin coated with a thin wash of silver, yet it still would&#039;ve had the same purchasing power of a denarius from the 1st century.</p><p>[ATTACH=full]1312929[/ATTACH]</p><p>A denarius has the emperor wearing a laurel wreath, while an antoninianus has him wearing a radiate crown, and that&#039;s how people distinguished the coins.</p><p>For example here is an ant of Aurelian compared to his denarius (one of the last denarius denomination ever minted) (270-275 AD). Even though they&#039;re both copper, I&#039;m sure the ant would&#039;ve bought more than the denarius!</p><p>[ATTACH=full]1312930[/ATTACH][/QUOTE]</p><p><br /></p>

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