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<p>[QUOTE="Marsyas Mike, post: 7419701, member: 85693"]That makes a lot of sense to me. </p><p><br /></p><p>The value of these "nummi" were so low even when first minted in Roman times I read that they circulated in bags of 1000. Individual value was so low it probably cost more to mint them than they were worth (sort of like the US penny nowadays). It probably wasn't even worth counterfeiting them. </p><p><br /></p><p>By Byzantine times these nummi were probably very familiar and still useful in small transactions (again, like the US penny). The loss of these nummi over time was compensated by the Byzantine Empire's shrinking borders and population, so there was little need, perhaps, to mint new ones. Which might explain the scarcity of tiny Byzantine post-reform nummi. </p><p><br /></p><p>It also explains why so many LRB show extensive circulation wear; they were around for a long time (as [USER=75143]@hotwheelsearl[/USER] notes, still in use in 16th century Spain!).[/QUOTE]</p><p><br /></p>
[QUOTE="Marsyas Mike, post: 7419701, member: 85693"]That makes a lot of sense to me. The value of these "nummi" were so low even when first minted in Roman times I read that they circulated in bags of 1000. Individual value was so low it probably cost more to mint them than they were worth (sort of like the US penny nowadays). It probably wasn't even worth counterfeiting them. By Byzantine times these nummi were probably very familiar and still useful in small transactions (again, like the US penny). The loss of these nummi over time was compensated by the Byzantine Empire's shrinking borders and population, so there was little need, perhaps, to mint new ones. Which might explain the scarcity of tiny Byzantine post-reform nummi. It also explains why so many LRB show extensive circulation wear; they were around for a long time (as [USER=75143]@hotwheelsearl[/USER] notes, still in use in 16th century Spain!).[/QUOTE]
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