Total Pageviews

Friday, 11 October 2013

The Monetary Reform Of Diocletian – Part Two

Gold Coins Diocletin - In the year 285 AD, Diocletian appointed Maximian as Caesar military experience, that is, as his colleague and heir to the throne. The following year promoted him to Augustus, establishing, in fact, a diarchy. During these early years of his reign, the consolidation of his power and the restoration of the borders remained busy with Diocletian and his colleague, so that monetary policy did not receive much attention continuing with the existing designation coinage.

Diocletian and Maximian gave, however, the first step to improve the standard of the gold coins leading in the year 286 AD, the golden target weight of 1/70 of the Roman pound to 1/60, equivalent to about 5.4 grams. Acuñarían also in the mint of Rome, some ceremonial golden 1/50 of a pound and numerous medallions or multiples of various sizes, such as those found in the famous treasure of Beaurains. The standard of the gold coins had deteriorated considerably during the third century with ever smaller pieces and less purity. To this was added a significant degree of variability in weight between different copies blanks, reflecting the poor manufacturing of the same. The new golden Diocletian, however, were minted with greater control and its weight is much more uniform.

The new gold coins were used mainly to pay soldiers and civil servants. In an inflationary environment and poor quality coin, it is certain that, according to Gresham Leyde, these pieces were especially treasured, so its impact on the monetary system was smaller.

The aforementioned Beaurains treasure is a clear example of this process. I recovered included twenty jewels (gold coin pendant, bracelets, earrings, buckles, rings, pendants, some of which were made with coins see the complete pics., various pieces of silver (a chandelier, two spoons, a slug), and 472 coins, of which twenty large gold medallions were minted by Constantine I. The medallions were minted at the mints of Trier and Rome, and who buried surely had received as gifts from the Emperors between 285 and 310DC, and it is likely that it was a high-ranking officer of the Imperial Army. The fact that coins and medallions were treasured for a long period of time in conjunction with other gold and silver items clearly shows that every object of these metals could serve as an ingot.

No comments:

Post a Comment