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<p>[QUOTE="Finn235, post: 6470776, member: 98035"]1) The denarius was being rapidly debased, and the public was likely aware. Severan denarii didn't enjoy circulating through a stable economy for 20+ years like those of the Nerva-Antonines did.</p><p><br /></p><p>2) The denarii still had enough silver to justify hoarding them when possible. Especially when the antoninianus was circulating, which had even less silver relative to face value.</p><p><br /></p><p>3) The quality of workmanship was decent from the middle of Severus' reign until early in Alexander's, and excellent from late in Alexander's until early in Gordian's. They did not suffer from the sloppy manufacture seen in coins of Marcus Aurelius and Commodus, nor the worn-out dies that plagued the Crisis years.</p><p><br /></p><p>4) The empire's main expenditure at this point was the military, who were almost always being sent to a new war or to crush a new uprising. New enlistees were given a large bonus - which was commonly brand-new denarii to remind them who they served - and those bonuses often went into the ground for safekeeping - but the soldiers didn't always come back to dig them up again. This is especially evident in the coinage of Maximinus I, which is almost always found in mint state.[/QUOTE]</p><p><br /></p>
[QUOTE="Finn235, post: 6470776, member: 98035"]1) The denarius was being rapidly debased, and the public was likely aware. Severan denarii didn't enjoy circulating through a stable economy for 20+ years like those of the Nerva-Antonines did. 2) The denarii still had enough silver to justify hoarding them when possible. Especially when the antoninianus was circulating, which had even less silver relative to face value. 3) The quality of workmanship was decent from the middle of Severus' reign until early in Alexander's, and excellent from late in Alexander's until early in Gordian's. They did not suffer from the sloppy manufacture seen in coins of Marcus Aurelius and Commodus, nor the worn-out dies that plagued the Crisis years. 4) The empire's main expenditure at this point was the military, who were almost always being sent to a new war or to crush a new uprising. New enlistees were given a large bonus - which was commonly brand-new denarii to remind them who they served - and those bonuses often went into the ground for safekeeping - but the soldiers didn't always come back to dig them up again. This is especially evident in the coinage of Maximinus I, which is almost always found in mint state.[/QUOTE]
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Same high grade coins again and again
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