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<p>[QUOTE=&quot;brassnautilus, post: 2160728, member: 74300&quot;]sorry for the late response, and thanks everyone for the detailed explanations, especially Gao, made it abundantly clear. </p><p><br /></p><p>I got more questions<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>The diocletian current reform introduced a new set of currency values, in which the denarius became the smallest unit. I don&#039;t understand how they had transitioned/facilitated this exchange. </p><p><br /></p><p>I mean, sure the high value coins were defunct and not in general circulation, but that shouldn&#039;t mean they didn&#039;t exist. Treasury of a town or region government for example, greater sums of wealth, weren&#039;t they still represented in gold and silver coins?</p><p><br /></p><p>Did they organize some nation-wide exchange program? There had to be some sort of procedures during these currency reformations? They had to get the gold and silver back into stock to strike new coins?</p><p>Can imagine the empire had to absorb a substantial loss to eliminate the antoninuous, to change denarius&#039; value seemed almost inconceivable.</p><p><br /></p><p>The other question. Since these follis were different denominations all carrying relatively small face values, how were people contemporary to their circulation able to differentiate them? Especially before the Anastasius reform, before they had value engraved. Wouldn&#039;t it be confusing having to explain to each customer that a particular coin they had submitted, given its size, was actually the lower denomination? </p><p>And again, when Anastasius issued new bronze with values marked, did he have to eliminate all the follis in circulation?[/QUOTE]</p><p><br /></p>

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