What was the Byzantine coinage exchange rate?

Discussion in 'Ancient Coins' started by Gam3rBlake, Sep 25, 2021.

  1. Gam3rBlake

    Gam3rBlake Well-Known Member

    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! :)
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  3. Roman Collector

    Roman Collector Supporter! Supporter

    A sestertius was 4 asses or 2 dupondii in the imperial period.
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  4. Gam3rBlake

    Gam3rBlake Well-Known Member

    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.
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  5. Orange Julius

    Orange Julius Well-Known Member

  6. Gam3rBlake

    Gam3rBlake Well-Known Member

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  7. ancient coin hunter

    ancient coin hunter 3rd Century Usurper

    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.
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