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Why didn't the Romans issue fractional gold like Indian Fanams?
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<p>[QUOTE="+VGO.DVCKS, post: 5463964, member: 110504"]It's still a really interesting question, though, what was happening with the contemporaneous economic dynamics. Given the modern reputation the Roman middle class has, for extent and stability (into the 3rd century, anyway), it would make a lot of sense for there to be smaller gold denominations. But why not some equivalent of a tetradrachm to go with them?</p><p>...After the collapse and abandonment of the antoninianus, the picture you get from the 4th century monetary landscape is exactly in keeping with the ongoing concentration of wealth, and the proto-manorialism which eventually fed into the origins of medieval feudalism. Gold, nominal AE, and not much in between. Why should the earlier model (c. 1st-earlier 3rd centuries) be any less intuitive?[/QUOTE]</p><p><br /></p>
[QUOTE="+VGO.DVCKS, post: 5463964, member: 110504"]It's still a really interesting question, though, what was happening with the contemporaneous economic dynamics. Given the modern reputation the Roman middle class has, for extent and stability (into the 3rd century, anyway), it would make a lot of sense for there to be smaller gold denominations. But why not some equivalent of a tetradrachm to go with them? ...After the collapse and abandonment of the antoninianus, the picture you get from the 4th century monetary landscape is exactly in keeping with the ongoing concentration of wealth, and the proto-manorialism which eventually fed into the origins of medieval feudalism. Gold, nominal AE, and not much in between. Why should the earlier model (c. 1st-earlier 3rd centuries) be any less intuitive?[/QUOTE]
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