Article

The Later Third Century

Sylviane Estiot

in The Oxford Handbook of Greek and Roman Coinage

Published in print February 2012 | ISBN: 9780195305746
Published online November 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195305746.013.0030

Series: Oxford Handbooks

The Later Third Century

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At the opening of the third century, monetary pluralism prevailed in the Roman world. In the west, the monetary system remained, that put in place by Augustus, and the mint of Rome retained, with temporary exceptions, the monopoly of striking in the three metals, gold, silver, and bronze. A century later, the system was no longer dual: the coinage reform of Diocletian put in place a unified system to the exclusive benefit of the central imperial coinage. The only denominations in currency were those of the Roman system, Latin became the exclusive language of coins, and mints other than the imperial ones were closed. The apparatus of production was reduced and at the same time standardized: a dense network of mints was developed, along the frontiers and near the needs of the army, prefiguring the tetrarchic division of the empire into dioceses. These alterations opened up a new era.

Keywords: third century; Roman world; coinage; Latin; mints; monetary system

Article.  10248 words. 

Subjects: Classical Studies ; Ancient Roman History

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