When I show my collection of coins to friends, the coins that really give a ‘wow’ reaction are the Roman coins. My friends must have dreamed of the coin in the wallet of a Roman centurion in the time of Jesus, and it must have been lucky. Knowing that most Roman coins are not worth more than a pound or a few dollars, they are quickly shocked and somewhat disappointed. How could this be?
What makes a coin valuable?
Once a coin is no longer an official tender, it is only worth the amount a collector pays for it. Effectively we have a small round metal plate with some carvings on it. So how do we appreciate it? This depends on several factors:
Management Rare: If a coin is rare it usually attracts more money. Certainly if there are many examples around and everyone already has one, it won’t be a big deal. Just because a coin is old does not mean it is rare. I will explain why later.
situation: Coin collectors call this the ‘series’ and it makes a big difference in the price. The goal of coin collectors is to find a coin that is close to the time it was first minted. Excessively worn coins are usually of no value unless very rare.
Chemistry Metal: If a coin is made of a precious metal such as gold, silver or platinum, it has an inherent value even if it goes hot.
Interest: Sometimes a coin expands in price due to some increase in popularity which increases the demand. For example, there are many coins from shipwrecks, but if we find a coin from the Titanic, it will be sold for a premium due to the legend surrounding the Titanic story.
If we apply these rules to Roman coins, it will become clear that they are not lucky.
History of the Roman Empire
The main reason for the low price of Roman coins may be that they are not rare. On the contrary, they are everywhere. The Roman Empire was one of the largest empires in history, covering Europe, Britain, parts of Asia, the Middle East and North Africa. It lasted for more than 500 years, from 27 BC to 476 BC. Roman coins have been used in all these places throughout the ages.
The Romans needed large amounts of coins to meet their needs. To make matters worse, inflation sometimes ran as high as 1,000 percent. The salary of a Roman soldier (his ‘tribute’) was a few dinars a day at the beginning of the empire. Hundreds will eventually be paid to the soldier. Coins of small denomination did not have the power to spend more.
In passing, Roman soldiers were always men, and had to register for 25 years, receiving a salary, a bonus, and a pension. The downside was that they had to pay for their own food and contribute to horses and weapons.
Originally coins were minted only in Rome, but by the third century there were coins in other countries as well. This mint probably produces more than 2 million coins Month To meet the demand. Coins usually represent the emperor on one side and another figure or letter on the other. More than 10,000 different coins were created in the empire.
A bundle of coins is pounded, which means that an empty disc is placed between two dyes and struck with a hammer! The edge of the design and the edge of the edge do not always match. It was a simple process and was very open to counterfeiting and started with the first coins. Initially, there may have been some official approval to create some coins locally to meet the demand for money, but by the end of the third century counterfeiting had become a common and serious problem.
Due to the popularity of Roman coins you should be warned that they are redesigned for travel gifts and historical purposes, so always buy from a trusted source such as a professional dealer.
So I hope you will now see that Roman coins are by no means rare and are still found in fairly large quantities today.
Thus, not all Roman coins are worthless
Do not think that all Roman coins are cheap. The Romans often used gold and silver. Some coins are very rare; Some emperors, such as Julius Caesar and Nero, are better known and collectible than others. Do not throw away a Roman coin because you think it is in bad condition; Keep in mind that the coin is very old, has probably been in the ground for centuries and you will never find the perfect one compared to a modern coin because of the way they are made.
The good thing about the low price of ancient Roman coins is that they are very cheap. They are interesting and conversational items, so you should get one or two for your collection and they make a great gift for anyone interested in the Roman era.