7.5 pounds of cotten It's close to impossible to compare ancient prices with today's prices because of the value of the coins. Ancient coins had a standard amount of pure silver/gold in them, making them, in some cases, more valuable than any denomination of ours. In other word, a few Roman coins would buy much more than today's dollars.
Roman money finally became worthless because when Rome stopped conquering new lands, no new sources of wealth were available. Food was scarce. Making food prices go up. To pay for the food, the government decided to produce more money in the form of coins. The value of depended on the amount of silver in them. But since the government didn't have much silver, in put less and less value in the coins. (This is called inflation.) If inflation isn't controlled, money has less and less value. Roman coins soon became worthless.
The compound used for currency in ancient Rome was bronze. The lower value coins, the as, dupondus, semis and sestertius were made of this material.The compound used for currency in ancient Rome was bronze. The lower value coins, the as, dupondus, semis and sestertius were made of this material.The compound used for currency in ancient Rome was bronze. The lower value coins, the as, dupondus, semis and sestertius were made of this material.The compound used for currency in ancient Rome was bronze. The lower value coins, the as, dupondus, semis and sestertius were made of this material.The compound used for currency in ancient Rome was bronze. The lower value coins, the as, dupondus, semis and sestertius were made of this material.The compound used for currency in ancient Rome was bronze. The lower value coins, the as, dupondus, semis and sestertius were made of this material.The compound used for currency in ancient Rome was bronze. The lower value coins, the as, dupondus, semis and sestertius were made of this material.The compound used for currency in ancient Rome was bronze. The lower value coins, the as, dupondus, semis and sestertius were made of this material.The compound used for currency in ancient Rome was bronze. The lower value coins, the as, dupondus, semis and sestertius were made of this material.
The value of an as in today's money (dollars) is just about impossible to determine. The reason for this is that the as was one of the lowest denominations of Roman coinage. Our monetary system is based upon a very different set of values for coins. It's safe to say that the as could be loosely compared to our nickle.The value of an as in today's money (dollars) is just about impossible to determine. The reason for this is that the as was one of the lowest denominations of Roman coinage. Our monetary system is based upon a very different set of values for coins. It's safe to say that the as could be loosely compared to our nickle.The value of an as in today's money (dollars) is just about impossible to determine. The reason for this is that the as was one of the lowest denominations of Roman coinage. Our monetary system is based upon a very different set of values for coins. It's safe to say that the as could be loosely compared to our nickle.The value of an as in today's money (dollars) is just about impossible to determine. The reason for this is that the as was one of the lowest denominations of Roman coinage. Our monetary system is based upon a very different set of values for coins. It's safe to say that the as could be loosely compared to our nickle.The value of an as in today's money (dollars) is just about impossible to determine. The reason for this is that the as was one of the lowest denominations of Roman coinage. Our monetary system is based upon a very different set of values for coins. It's safe to say that the as could be loosely compared to our nickle.The value of an as in today's money (dollars) is just about impossible to determine. The reason for this is that the as was one of the lowest denominations of Roman coinage. Our monetary system is based upon a very different set of values for coins. It's safe to say that the as could be loosely compared to our nickle.The value of an as in today's money (dollars) is just about impossible to determine. The reason for this is that the as was one of the lowest denominations of Roman coinage. Our monetary system is based upon a very different set of values for coins. It's safe to say that the as could be loosely compared to our nickle.The value of an as in today's money (dollars) is just about impossible to determine. The reason for this is that the as was one of the lowest denominations of Roman coinage. Our monetary system is based upon a very different set of values for coins. It's safe to say that the as could be loosely compared to our nickle.The value of an as in today's money (dollars) is just about impossible to determine. The reason for this is that the as was one of the lowest denominations of Roman coinage. Our monetary system is based upon a very different set of values for coins. It's safe to say that the as could be loosely compared to our nickle.
Augustus created a new standard currency. There was already a standard currency previously, during the Republic. A standard currency was needed to have a uniform monetary system for payments and for the exchange of goods throughout the empire. Augustus followed an innovation introduced by Julius Caesar. Caesar was the first ruler who introduced coins baring his own portrait. Augustus introduced coins with his own portrait, establishing the tradition of linking the emperor's sovereignty with the issuing of coinage. Subsequent emperors also issued coins with their image. Augustus also reformed the coinage system to rationalise it and make it more fitting with the new economic conditions of the empire.
Because they put less gold in them
Because they put less gold in them
Because they put less gold in them
Because they put less gold in them
Because they put less gold in them
Purchasing power fell because of inflation.
Because they put less gold in them
Because they put less gold in them
Purchasing power fell because of inflation.
Because they put less gold in them
from inflation when the emperors needed to bring down the value of money when they needed more money
Because they put less gold in them