If I present my friends with my coin collection and they are amazed, the coins that provoke a “Wow” response is most likely to be Roman coins. My friends must imagine the coin that was found in the pocket of a Roman Centurion at the time of Jesus and the coin must be worth millions. They are soon shocked and even disappointed to discover that the majority of Roman coins have a value of just the equivalent of a few dollars or pounds. How could this be?
What is the reason an item worth its value
When a coin becomes no more legal tender, it’s worth what a collector would spend for it. It’s essentially a round disc of metal with some engravings on it. So how do we value it? It is based on many factors:
Rarity: If a coin’s rarity is high, it usually attracts more money. If there are plenty of examples around and everyone already has one , then it’s likely worldcoins not likely to fetch the amount you would expect. Just because a coin is old doesn’t mean that it’s not rare. I’ll discuss the reasons later.
Condition: Coin collectors call this “grade” and it is a major factor to the price. A coin in a state similar to how it was first minted is always the target for coin collectors. Coins that are heavily worn are typically unreliable unless they’re extremely rare.
Metal: If a coin is made of precious metal, like platinum, silver, or gold the coin will have intrinsic value, regardless of whether it goes into the melting kettle.
Interest The coin may increase in price due to some increase in popularity that boosts the demand. For instance there are many coinage from shipwrecks, however If we could find a piece from the Titanic it would sell for an extra amount due to the legend that surrounds the story concerning the Titanic.
Should we employ these rules to Roman coins it will explain why they’re not worth a fortune.
The History of the Roman Empire
The main reason Roman coins aren’t expensive is the fact that they’re not rare. On the contrary, they are found all over. They are everywhere. Roman Empire was one of the largest Empires in history and covered most of Europe, Britain, parts of Asia in the Middle East and North Africa. It existed from 27BC until 476AD which was more than 500 years. All of these cities used Roman coins throughout the time.
The Romans needed coinage in huge quantities to satisfy their demands. And, to make matters even more difficult the inflation rate was running at 1000 percent. The average Roman soldier’s salary (his ‘stipendium’) was most likely to be just only a few denarii per day in the early days of the Empire and towards the end the soldier would have been paid more than a hundred. Coins of smaller denomination didn’t have much spending power.
In general, Roman soldiers were always male, had to be enrolled for a period of 25 years. They were paid a wage as well as a bonus pension. On the flip side they had have to purchase their food, and contribute to the cost of horses and weapons.
At first, coins were only minted in Rome, but at the end of the third century, there were mints operating in other countries as well. The mints could produce more than 2 million coins per month to satisfy demand. Coins generally depicted the image of with the image of Emperors on the one hand and an image or letter in the opposite. During the Empire, over 10,000 different kinds of coins were produced.
It was hammered, meaning that a blank disk would be placed inside two casts, and then given the hammer a good whack! This is the reason the edge from the design may not always line up. It was a simple process that was extremely easily forgerable, and this began from the first coins. Initially, there could have been some official consent to create some coins locally to meet currency demands, but by the time the third century forgeries began to become a common and serious problem.
You should maybe be warned that because of its popularity Roman coins they have been replicated to sell tourist items and as a way to preserve historical significance, so always buy from a trusted source such as an expert dealer.
So I hope you see this point now. Roman coins are not at all scarce They’re being found in huge quantities even today.
Given that, not all Roman coins are worthless
Don’t believe that all Roman coins are of low price. The Romans utilized Gold and Silver frequently. Some coins are very rare; some Emperors are better famous and more collectible than others, for example, Julius Caesar and Nero. Don’t be sceptical about a Roman coin simply because it’s damaged be aware that it’s very old, probably has been in circulation for centuries , and due to how they were created you’re never find one that is perfect in comparison to a modern coin.
The nice thing about the price-tag of these ancient Roman coinage is the fact that they’re extremely affordable. They’re a source of fascination and conversation, therefore it is recommended to purchase some or two for your collection. They are also perfect gifts for those interested in the Roman time period.