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<p>[QUOTE="Finn235, post: 3862349, member: 98035"]Or perhaps the antoninianus was so totally beyond recovery that it no longer made sense for the provinces to keep on making their own bronze coins that were nominally worth 1/X of a sestertius or 1/Y of an antoninianus? I struggle to think of a perfect example, but in the early 1900s when the US colonized the Philippines and took over the money supply for Panama, both currencies had their "real" intrinsic value in silver, despite being pegged against the USD which remained static despite the silver crash of 1893. When silver prices began to recover in the early 20th century, both the PHP and PAB became worth much more than their nominal face value in USD.</p><p><br /></p><p>The United States' solution was to halve the silver content of both currencies, but Rome under Valerian through Aurelian opted to close the overwhelmingly vast majority of provincial mints and converted a choice few of them into large scale Roman mints.</p><p><br /></p><p>Also, although the official provincial coinage ended when Diocletian closed the mint as punishment for the rebellion of Domitianus, the Bosporan kingdom continued to mint until Rhescuporus IV, who minted under Constantine and Licinius.[/QUOTE]</p><p><br /></p>
[QUOTE="Finn235, post: 3862349, member: 98035"]Or perhaps the antoninianus was so totally beyond recovery that it no longer made sense for the provinces to keep on making their own bronze coins that were nominally worth 1/X of a sestertius or 1/Y of an antoninianus? I struggle to think of a perfect example, but in the early 1900s when the US colonized the Philippines and took over the money supply for Panama, both currencies had their "real" intrinsic value in silver, despite being pegged against the USD which remained static despite the silver crash of 1893. When silver prices began to recover in the early 20th century, both the PHP and PAB became worth much more than their nominal face value in USD. The United States' solution was to halve the silver content of both currencies, but Rome under Valerian through Aurelian opted to close the overwhelmingly vast majority of provincial mints and converted a choice few of them into large scale Roman mints. Also, although the official provincial coinage ended when Diocletian closed the mint as punishment for the rebellion of Domitianus, the Bosporan kingdom continued to mint until Rhescuporus IV, who minted under Constantine and Licinius.[/QUOTE]
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