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The manufacture of coins in the Roman culture, dating from about the 4th century BC, significantly influenced later development of coin minting in Europe. The origin of the word "mint" is ascribed to the manufacture of silver coin at Rome in 269 BC near the temple of Juno Moneta. This goddess became the personification of money, and her name ...
Landscape resulting from the ruina montium mining technique at Las Médulas, Roman Spain, one of the most important gold mines in the Roman Empire. The main mining regions of the Empire were Spain (gold, silver, copper, tin, lead); Gaul (gold, silver, iron); Britain (mainly iron, lead, tin), the Danubian provinces (gold, iron); Macedonia and Thrace (gold, silver); and Asia Minor (gold, silver ...
Roman peasants who needed money to pay their taxes used an inverted form of this process, by selling the right to a portion of their harvest in the future, in exchange for cash in the present. [15] The sulpicii arose as professional bankers in the first century AD. Among other forms of financial intermediation, they offered financing for ...
Roman mints were spread widely across the Empire, and were sometimes used for propaganda purposes. The populace often learned of a new Roman Emperor when coins appeared with the new emperor's portrait. [citation needed] Roman currency for most of Roman history consisted of gold, silver, bronze, orichalcum and copper coinage. [74]
The development of Roman banks was limited, however, by the Roman preference for cash transactions. During the reign of the Roman emperor Gallienus (260–268 CE), there was a temporary breakdown of the Roman banking system after the banks rejected the flakes of copper produced by his mints. With the ascent of Christianity, banking became ...
Cash and coins are the only forms of money where a third party does not need to be involved. Unlike the digital dollar, which would be useless in the event of a power or internet outage, you would ...
In ancient Rome there were a variety of officials tasked with banking. These were the argentarii, mensarii, coactores, and nummulari.The argentarii were money changers.The role of the mensarii was to help people through economic hardships, the coactores were hired to collect money and give it to their employer, and the nummulari minted and tested currency.
The coin was a silver denarius that was struck, or made, in the last 24 days of Caligula's life, so this is a pretty old and rare coin that Rick said could be worth up to six figures.