History of coins

When I show friends my collection of coins The ones that truly give a ‘Wow’ reaction are those that are Roman coins. My friends may imagine the coin that was found in the pocket of a Roman Centurion at the time of Jesus and that it would be worth millions. They are soon shocked and disappointed to learn that the majority of Roman coins have a value of only some dollars or pounds. How could this be?

What makes an item worth its value

When a coin becomes no officially recognized as a tender, it’s worth what a collector would pay for it. It’s essentially a round metal disc with some engraving on it. So how do we value it? This depends on several factors:

Rarity: If a coin’s rarity is high, it will usually fetch more. Naturally, if there are a lot of examples around cheap coins and everyone already has one , then it’s likely unlikely to be worth much. The fact that a coin is old doesn’t mean that it’s rare. I’ll explain why later.

Condition The coin collectors refer to this “grade” and it is a major factor to the price. A coin that is that is close to the date it was first minted is always a target for coin collectors. Coins that are heavily worn are typically unreliable unless they’re extremely rare.

Metal: If a coin is made up of a precious metal, like platinum, silver, or gold then it will possess intrinsic value, even if it melts in the melting pot.

Interest: Sometimes a coin can be increased in price due to some growth in popularity, which boosts the demand. For example there are numerous coins found in shipwrecks. However, if we found a coin from the Titanic it would sell for an extra amount due to the legend surrounding the story of the Titanic.

In the event that we implement these principles to Roman coins, we can see why they’re not worth much.

The History of the Roman Empire

Perhaps the primary reason Roman coins are so cheap is due to the fact that they are not rare. In fact, they can be found everywhere. The Roman Empire was one of the biggest Empires of all time which covered most of Europe, Britain, parts of Asia and Asia, the Middle East and North Africa. It was in existence from 27BC to 476AD over 500 years. All of these cities used Roman coins throughout the period.

The Romans needed coinage in huge quantities to satisfy their demands. And, to make matters even more difficult, at times inflation was as high as 1000 percent. The average Roman soldier’s wage (his ‘stipendium’) was probably one or two denarii at the beginning of the Empire; towards the end the soldier was paid several hundreds. Coins of smaller denomination did not have much purchasing power.

In other words, Roman soldiers were always males, and had to be enrolled for a period of 25 years. They also received a pay along with a bonus and pension. However, they had take care of food expenses, and contribute towards the purchase of weapons and horses.

At first, coins were only minted in Rome, but at the end of the third century, there were mints in other countries too. They could produce greater than two million pieces per month to meet the demand. Coins typically featured the image of the Emperor on one side and an image or letter in the opposite. The Empire saw more than 10,000 varieties of coins were created.

These coins had been hammered which means that a blank disc is placed in between dies and gave some hammering! This is why the edge of the design and the edge of the rim will not always line up. It was an easy process and very vulnerable to forgery which began with the first coins. In the beginning, there may have been some official consent to forge some local currency in order to meet demand for currency, however, towards the end of the third century, forgeries became a common and serious problem.

Be aware that because of their popularity, Roman coins they have been copied for gifts to tourists and as a way to preserve historical significance, so always buy from a trusted source such as a professional dealer.

So , I’m sure you’ll realize the fact that Roman coins are by no means scarce and can be found in huge quantities even to this day.

Given that, not all Roman coins are worthless.

Don’t believe you can find all Roman coins are low in price. The Romans used Gold and Silver often; certain coins are very rare and some of the Emperors are more well known and are more collectible in comparison to others, including Julius Caesar and Nero. Do not dismiss an Roman coin just because it’s not in good condition be aware that the coin is very old, probably was in storage for centuries , and because of the method of making them, you’re never found a coin that is perfect in comparison to a modern coin.

The good thing about the low cost of these ancient Roman coinage is the fact that they are very affordable. They are items of interest and discussion, so you should get one or two for your collection and they make perfect gifts for those who is interested in the Roman time period.