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How long did coins stay in circulation in Ancient Rome?
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<p>[QUOTE="Mr.MonkeySwag96, post: 8164491, member: 100951"]Ancient Rome is such a broad time period, so there’s no clear answer. In general, coins tend to circulate more heavily when the Roman economy is healthy. In contrast, coins were stashed away in hoards during economic depressions.</p><p><br /></p><p>For example, silver denarii of Gordian III are plentiful today as so many were hoarded during the Crisis of the 3rd century. Most of Gordian’s denarii survive in high grades, which indicates that many were buried by their owners without getting the chance to enter circulation. Hoarding Gordian’s denarii makes sense, as these were among the last coins minted in good silver, with successive emperors flooding the economy with increasingly debased antoninianii.</p><p><br /></p><p>As some others noted before, the Marc Antony legionary denarii remained in circulation for nearly 2 centuries due to the debased purity. A legionary denarius is around 80% silver, which makes the coin noticeably lighter compared to Republican and Julio-Claudian denarii which were 95%-99% silver. This debased purity allowed the legionary denarii to survive the melting pot of Nero’s reforms, as the legionary denarii had similar silver content to Nero’s post-reform denarii.[/QUOTE]</p><p><br /></p>
[QUOTE="Mr.MonkeySwag96, post: 8164491, member: 100951"]Ancient Rome is such a broad time period, so there’s no clear answer. In general, coins tend to circulate more heavily when the Roman economy is healthy. In contrast, coins were stashed away in hoards during economic depressions. For example, silver denarii of Gordian III are plentiful today as so many were hoarded during the Crisis of the 3rd century. Most of Gordian’s denarii survive in high grades, which indicates that many were buried by their owners without getting the chance to enter circulation. Hoarding Gordian’s denarii makes sense, as these were among the last coins minted in good silver, with successive emperors flooding the economy with increasingly debased antoninianii. As some others noted before, the Marc Antony legionary denarii remained in circulation for nearly 2 centuries due to the debased purity. A legionary denarius is around 80% silver, which makes the coin noticeably lighter compared to Republican and Julio-Claudian denarii which were 95%-99% silver. This debased purity allowed the legionary denarii to survive the melting pot of Nero’s reforms, as the legionary denarii had similar silver content to Nero’s post-reform denarii.[/QUOTE]
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