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<p>[QUOTE=&quot;Ocatarinetabellatchitchix, post: 7933387, member: 99554&quot;]&quot;Why no more Provincials ?&quot;</p><p>Under Caracalla, 350 workshops were in operation. There was then a slow decline between the reigns of Elagabalus and Valerian, then a drastic fall after 260.</p><p>The end of provincial coinage can be explained by four internal and external factors which interacted: 1) a rise in prices which made obsolete the use of bronze, the value of which had not ceased to be modified since the 250s. 2) production costs too high for the local authorities, who were able to turn to other practices of self-celebration. 3) a reduction in the stock of metal locally available because it was hoarded or mobilized for the striking of radiated coins in the imperial workshops. 4) a flood of the market by this same devalued denomination. </p><p>Thus the provincial coins disappeared, not as a result of an economic disaster but rather of a &quot;<i>currency collapse</i>&quot; (according to Butcher 1988) which occurred following a crisis in the system of imperial government.[/QUOTE]</p><p><br /></p>

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