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<p>[QUOTE=&quot;Orfew, post: 3212197, member: 74968&quot;]While I believe it is true that Gresham&#039;s law applies here and so the higher valuable denarii would be hoarded, I think it is also possible that the higher value coins were melted down to mint the lower value coins. After all if an emperor could get 1.2 post-reform denarii for every pre-reform example, it would be a very quick way to replenish the coffers. I believe the melting down of the pre-reform denarii is what makes then so scarce.</p><p><br /></p><p>As for condition, I have not looked at the issue this way at all. Thanks for steering me in an interesting direction. I believe it would be difficult to compare the 2 groups as the sample sizes vary very widely. There may be a relationship between condition and whether a coin is pre or post reform, but my budget would get in the way of following this hunch because of the expense of the pre-reform denarii.That is, I tend to buy the pre-reform coins with issues because I can afford them. Keep in mind that there are some types I have seen come to auction a few times a year and there are others I have never seen in in auction in the last 3 years.[/QUOTE]</p><p><br /></p>

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