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<p>[QUOTE="medoraman, post: 8330355, member: 26302"]I don't have anything handy sir, but I would postulate that PM coins would trade at par, and copper not. Remember bronze and orichalcum always were token coinage, trading at a value in excess of metal content. PM coins, at least until the great 3rd century debasement, effectively traded at PM value. I have read both Greek and Roman accounts of trips where the travelers would make sure to have PM coins in their purse, as local bronze would not be accepted at face value at other locations. Also to influence my opinion would be the fact that if bronze were accepted across the empire at face value, why aren't their more eastern token coins found in western sites? Legions and traders moved around constantly, if they circulated at par there should be more Eastern provincials found in the UK, France, Spain, etc. Sure, occasionally, but they are unusual enough to warrant special attention.</p><p><br /></p><p>Just my thoughts sir. In my head, I envision travelers converting all money to PM based before leaving an area to ensure maximum value, then using local token coinage only locally once they arrive somewhere.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 8330355, member: 26302"]I don't have anything handy sir, but I would postulate that PM coins would trade at par, and copper not. Remember bronze and orichalcum always were token coinage, trading at a value in excess of metal content. PM coins, at least until the great 3rd century debasement, effectively traded at PM value. I have read both Greek and Roman accounts of trips where the travelers would make sure to have PM coins in their purse, as local bronze would not be accepted at face value at other locations. Also to influence my opinion would be the fact that if bronze were accepted across the empire at face value, why aren't their more eastern token coins found in western sites? Legions and traders moved around constantly, if they circulated at par there should be more Eastern provincials found in the UK, France, Spain, etc. Sure, occasionally, but they are unusual enough to warrant special attention. Just my thoughts sir. In my head, I envision travelers converting all money to PM based before leaving an area to ensure maximum value, then using local token coinage only locally once they arrive somewhere.[/QUOTE]
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Value of and Acceptability of Roman Provincials
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