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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 ...
The setup of the banking system under the Empire allowed the exchange of extremely large sums without the physical transfer of coins, which led to fiat money.With no central bank, a professional deposit banker (argentarius, coactor argentarius, or later nummularius) received and held deposits for a fixed or indefinite term and lent money to third parties. [10]
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 ...
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.
Also found among the Roman coins were 72 gold aurei, dated from 18 B.C. to 47 A.D. Those coins show no signs of wear and likely came from a pile of freshly minted coins, according to the Cultural ...
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]
Up to 50,000 Roman coins have been discovered by divers off the coast of Sardinia. According to an initial estimate, made on the basis of the overall weight of the find, the number of large bronze ...
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.