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<p>[QUOTE="Curtisimo, post: 3075757, member: 83845"]Here is my pre-reform Diocletian.</p><p><br /></p><p>[ATTACH=full]773653[/ATTACH] </p><p><font size="3">Roman Empire</font></p><p><font size="3">Diocletian, AD 284-350</font></p><p><font size="3">AE Antoninianus, Rome mint, 6th officina, struck AD 285-286</font></p><p><font size="3">Dia.: 24.73 mm</font></p><p><font size="3">Wt.: 3.55 g</font></p><p><font size="3">Obv.: IMP DIOCLETIANVS AVG. Diocletian radiate bust right.</font></p><p><font size="3">Rev.: IOVI CONSER-VAT AVG. Jupiter standing holding thunder bolt and scepter. XXIZ below.</font></p><p><font size="3">Ref.: RIC V:II 161</font></p><p><font size="3">Ex Auktion GM 92, Ex Dr. Busseo Peus Nachf.</font></p><p><br /></p><p>I did a lot of reading up on these when I was putting together my write up on Diocletian after my trip to Split.</p><p><br /></p><p><a href="https://www.cointalk.com/threads/diocletian-two-interesting-coins-and-a-legacy-of-reform.307405/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/diocletian-two-interesting-coins-and-a-legacy-of-reform.307405/">https://www.cointalk.com/threads/diocletian-two-interesting-coins-and-a-legacy-of-reform.307405/</a></p><p><br /></p><p>Here is a diagram and an expert from my write up I put together to help me remember how the monetary reform worked.</p><p><br /></p><p>[ATTACH=full]773655[/ATTACH]</p><p><br /></p><p><b><u>From my write up:</u></b></p><p>Assigning relative values to the coins of the reform and understanding how these coins traded against the coins already in circulation is not as easy as one might imagine. One of the items that make it incredibly difficult is the disagreement on what the XXI found on my pre-reform antoninianus and also on some (not all) of the post reform follis signifies. It has been suggested that it is a ratio of 20 to 1 (XX to I) bronze to silver within the coin [12] or that it means that the coin was valued at 20 of some denomination to 1 antoninianus. Sutherland makes the case that both the denarius and sestertius survived into the third century as a unit of account and that when Aurelian first introduced this symbol he was declaring that 1 antoninianus = 20 sestertii = 5 “denarius communis” (this being the pitiful descendant of the mighty denarius of republican fame)[13]. Sutherland’s view makes sense if the aim was to head off potential inflation and the silver content argument makes sense in that the measured silver content of post reform folli based on metallurgical analysis fall within a reasonable tolerance for the theory. If Sutherlands view is correct the continued use of XXI at some mints may have been continued in part to signify that the new follis was now valued at what the old antoninianus had been. The old antoninianus (and post reform radiates of similar size) were now worth 2 denarius communis which is likely not less than what they were trading at in any case.[/QUOTE]</p><p><br /></p>
[QUOTE="Curtisimo, post: 3075757, member: 83845"]Here is my pre-reform Diocletian. [ATTACH=full]773653[/ATTACH] [SIZE=3]Roman Empire Diocletian, AD 284-350 AE Antoninianus, Rome mint, 6th officina, struck AD 285-286 Dia.: 24.73 mm Wt.: 3.55 g Obv.: IMP DIOCLETIANVS AVG. Diocletian radiate bust right. Rev.: IOVI CONSER-VAT AVG. Jupiter standing holding thunder bolt and scepter. XXIZ below. Ref.: RIC V:II 161 Ex Auktion GM 92, Ex Dr. Busseo Peus Nachf.[/SIZE] I did a lot of reading up on these when I was putting together my write up on Diocletian after my trip to Split. [url]https://www.cointalk.com/threads/diocletian-two-interesting-coins-and-a-legacy-of-reform.307405/[/url] Here is a diagram and an expert from my write up I put together to help me remember how the monetary reform worked. [ATTACH=full]773655[/ATTACH] [B][U]From my write up:[/U][/B] Assigning relative values to the coins of the reform and understanding how these coins traded against the coins already in circulation is not as easy as one might imagine. One of the items that make it incredibly difficult is the disagreement on what the XXI found on my pre-reform antoninianus and also on some (not all) of the post reform follis signifies. It has been suggested that it is a ratio of 20 to 1 (XX to I) bronze to silver within the coin [12] or that it means that the coin was valued at 20 of some denomination to 1 antoninianus. Sutherland makes the case that both the denarius and sestertius survived into the third century as a unit of account and that when Aurelian first introduced this symbol he was declaring that 1 antoninianus = 20 sestertii = 5 “denarius communis” (this being the pitiful descendant of the mighty denarius of republican fame)[13]. Sutherland’s view makes sense if the aim was to head off potential inflation and the silver content argument makes sense in that the measured silver content of post reform folli based on metallurgical analysis fall within a reasonable tolerance for the theory. If Sutherlands view is correct the continued use of XXI at some mints may have been continued in part to signify that the new follis was now valued at what the old antoninianus had been. The old antoninianus (and post reform radiates of similar size) were now worth 2 denarius communis which is likely not less than what they were trading at in any case.[/QUOTE]
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