Just to clarify what I’m asking.. I know that when talking about Ancient Roman coinage there are certain exchange rates that are well known. 1 aureus = 25 denarii/100 sesterces 1 denarii = 4 sesterces 1 sestertius = 2.5 ases All the exchange rates for different Roman coins are pretty well known. But I’ve been having difficulty finding similar information about Byzantine coinage. Does anyone happen to have even a rough estimate of Byzantine coin values in comparison to each other? Thanks!
Oops my bad I think I was thinking of before the denarius was re-tariffed at 16 ases. When they had an X on them to mean 10 ases. That was my bad. But I’m curious what the Byzantine exchange rates were.
The monetary reform of Anastasius is where “Byzantine” coinage started. More information can be found via-the Googles but I’ve supplied a few links below to get you started on answering your questions. https://www.monete-romane.com/roman_coins/byzantine.html https://www.armstrongeconomics.com/...rbarians-in-the-west/anastasius-i-491-518-ad/ https://www.cointalk.com/threads/the-coinage-reform-of-anastasius.355188/
Anastasius has to be given a lot of credit for introducing the large follis which ended the string of terrible AE4 coins produced during the 5th century. He also vastly increased the wealth of the empire by creating a new, fairer system of taxation which resulted in a large surplus of 23 million gold solidi as related in the sources. With that war chest his successors, especially Justinian, were able to reconquer some of the West and Africa while solidifying the Byzantine hold on Italy. The funds also were used to build Hagia Sophia in Constantinople.
