GREEK, ROMAN AND BYZANTINE OBJECTS ... - Hellenic College
GREEK, ROMAN AND BYZANTINE OBJECTS ... - Hellenic College
GREEK, ROMAN AND BYZANTINE OBJECTS ... - Hellenic College
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14<br />
some exceptions of mints used by the Ostrogoths and Burgundians to issue<br />
coins. By the accession of Anastasius I (491-518), the only old Roman mints still<br />
active were in Constantinople and Thessalonica.<br />
Roman coins had a value higher than their precious metal content which<br />
was debased several times until the end of the empire. The exact reasons for the<br />
debasement of Roman coinage are uncertain but lack of raw metal with which to<br />
produce coins (Italy had no large mines itself), inflation, military campaigns,<br />
extended trade outside the Mediterranean world and inadequate state finances<br />
all played a role in this.
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