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<p>[QUOTE="dltsrq, post: 7427003, member: 75482"]The Theodosian AE4 nummus was effectively the only circulating bronze coin of the 5th century and was the basis of the reformed coinage of Anastasius. The reformed coins were multiples denominated in Greek numerals: M=40, K=20, I=10, etc. The "M" denomination was known as <i>follis</i> meaning "bag", the tiny pre-reform bronzes having typically circulated in bags of a certain number. My simplistic understanding is that the only major change to the bronze coinage system from the end of the 4th century into the 10th century or so was the introduction of multiples by Anastasius. The pre-reform AE4 must have continued to circulate for some period after the reform. Indeed Anastasius and several emperors after him continued to strike them. However, inflation took it's toll. The module of the follis declined and by the beginning of the 7th century, the smallest denomination issued was the pentanummium ("5"). However, as noted above, tiny nummi a century or two old have been found in an early 7th century context at Sardis.[/QUOTE]</p><p><br /></p>
[QUOTE="dltsrq, post: 7427003, member: 75482"]The Theodosian AE4 nummus was effectively the only circulating bronze coin of the 5th century and was the basis of the reformed coinage of Anastasius. The reformed coins were multiples denominated in Greek numerals: M=40, K=20, I=10, etc. The "M" denomination was known as [I]follis[/I] meaning "bag", the tiny pre-reform bronzes having typically circulated in bags of a certain number. My simplistic understanding is that the only major change to the bronze coinage system from the end of the 4th century into the 10th century or so was the introduction of multiples by Anastasius. The pre-reform AE4 must have continued to circulate for some period after the reform. Indeed Anastasius and several emperors after him continued to strike them. However, inflation took it's toll. The module of the follis declined and by the beginning of the 7th century, the smallest denomination issued was the pentanummium ("5"). However, as noted above, tiny nummi a century or two old have been found in an early 7th century context at Sardis.[/QUOTE]
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