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<p>[QUOTE="Caesar_Augustus, post: 4979120, member: 87659"]I don't have any half folles of Justinian from Antioch yet, but what I do have are two Folles of Justinian minted at the Great City of Antioch; one from before the facing bust reform, and one just after.</p><p><br /></p><p>Justinian the Great</p><p>AE Follis</p><p><img src="https://badlight.github.io/josephscoins/images/justiniani6/justiniani6.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p>536 - 539 A.D., Antioch Mint, 3rd Officina</p><p>17.56g, 29.0mm, 6H</p><p><br /></p><p><b>Obverse:</b> D N IVSTINIANVS PP AVG,</p><p><i>Emperor, pearl diademed, draped, cuirassed bust right</i></p><p><br /></p><p><b>Reverse:</b> -,</p><p><i>Large M, star to left, cross above, star to right, Γ below</i></p><p><br /></p><p><b>Exergue:</b> ϴYΠOΛS</p><p><br /></p><p><b>Provenance:</b> Ex. Augustus Coins 2018</p><p><br /></p><p><b>Reference:</b> SBCV 217</p><p><br /></p><p>Justinian the Great</p><p>AE Follis</p><p><img src="https://i.imgur.com/8zMTyZR.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p>539 - 540 A.D., Antioch Mint, 4th Officina</p><p>21.50g, 39.5mm, 6H</p><p><br /></p><p><b>Obverse:</b> D N IVSTINIANVS PP AVG,</p><p><i>Emperor, helmeted and cuirassed bust facing, holding cross on globe and shield with horseman motif, cross to right</i></p><p><br /></p><p><b>Reverse:</b> -,</p><p><i>Large M, ANNO to left, cross above, regnal year to right, officina letter below</i></p><p><br /></p><p><b>Exergue:</b> ϴYΠO</p><p><br /></p><p><b>Provenance:</b> Ex. eBay 2019</p><p><br /></p><p><b>Reference:</b> SBCV 218</p><p><br /></p><p>I really really love Byzantine coins, or as I like to call them, very very late Roman coins. To me, it just makes sense that these coins are a product of the maturity of the Roman financial system. Going back only to Diocletian, one nummus was about half the size of what the 40 nummi coin is, shown above. So, you can clearly see inflation. Although I have no sources, I am willing to gamble that that 40 nummi coin, or follis, as called by what the Romans used to call a bag of 40 tiny nummus coins, had the same purchasing power of 2 nummi from the late 3rd century.</p><p><br /></p><p>It is direct evidence that the government, at times, had to deal with financial crises in the way we sometimes do today; by increasing the fiat money supply by debasing the currency. Making more money out of the materials available than what can be made normally. Inflation results. Romans respond by re-tarrifing the currency and introducing new, larger, denominations. Well into the Byzantine period of the Empire, we see this trend happen again, and again, and again, and again. Financial crisis after the other, we see it happening. It's quite a beautiful window into the Roman, and our own, past, and it is also quite sad to see how much they struggled to cling on to their existence.[/QUOTE]</p><p><br /></p>
[QUOTE="Caesar_Augustus, post: 4979120, member: 87659"]I don't have any half folles of Justinian from Antioch yet, but what I do have are two Folles of Justinian minted at the Great City of Antioch; one from before the facing bust reform, and one just after. Justinian the Great AE Follis [IMG]https://badlight.github.io/josephscoins/images/justiniani6/justiniani6.jpg[/IMG] 536 - 539 A.D., Antioch Mint, 3rd Officina 17.56g, 29.0mm, 6H [B]Obverse:[/B] D N IVSTINIANVS PP AVG, [I]Emperor, pearl diademed, draped, cuirassed bust right[/I] [B]Reverse:[/B] -, [I]Large M, star to left, cross above, star to right, Γ below[/I] [B]Exergue:[/B] ϴYΠOΛS [B]Provenance:[/B] Ex. Augustus Coins 2018 [B]Reference:[/B] SBCV 217 Justinian the Great AE Follis [IMG]https://i.imgur.com/8zMTyZR.jpg[/IMG] 539 - 540 A.D., Antioch Mint, 4th Officina 21.50g, 39.5mm, 6H [B]Obverse:[/B] D N IVSTINIANVS PP AVG, [I]Emperor, helmeted and cuirassed bust facing, holding cross on globe and shield with horseman motif, cross to right[/I] [B]Reverse:[/B] -, [I]Large M, ANNO to left, cross above, regnal year to right, officina letter below[/I] [B]Exergue:[/B] ϴYΠO [B]Provenance:[/B] Ex. eBay 2019 [B]Reference:[/B] SBCV 218 I really really love Byzantine coins, or as I like to call them, very very late Roman coins. To me, it just makes sense that these coins are a product of the maturity of the Roman financial system. Going back only to Diocletian, one nummus was about half the size of what the 40 nummi coin is, shown above. So, you can clearly see inflation. Although I have no sources, I am willing to gamble that that 40 nummi coin, or follis, as called by what the Romans used to call a bag of 40 tiny nummus coins, had the same purchasing power of 2 nummi from the late 3rd century. It is direct evidence that the government, at times, had to deal with financial crises in the way we sometimes do today; by increasing the fiat money supply by debasing the currency. Making more money out of the materials available than what can be made normally. Inflation results. Romans respond by re-tarrifing the currency and introducing new, larger, denominations. Well into the Byzantine period of the Empire, we see this trend happen again, and again, and again, and again. Financial crisis after the other, we see it happening. It's quite a beautiful window into the Roman, and our own, past, and it is also quite sad to see how much they struggled to cling on to their existence.[/QUOTE]
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