When I show my coin collection to friends, the ones that really react “Wow” are Roman coins. My friends, in the time of Jesus, some Roman Centurion must have imagined a purse, and it is worth a fortune. Soon they were shocked and somewhat disappointed to see that Roman coins were worth no more than a few pounds or dollars. How can this be?
What makes a coin worth the money
When a coin is no longer an official tender, it is only worth what a collector will pay for it. There is a small round metal disk that is slightly engraved on it effectively. How do we assess this? It depends on several factors:
Rareness: If a coin is rare, it generally attracts more money. Obviously, if there are a lot of examples around, and everyone already has an example, then it won’t bring much. The fact that the coin is old does not mean that it is rare. I will explain the reason later.
Situation: Coin collectors call it ‘grade’ and there is a big difference in price. A coin that is in a position close to the time it is first minted is always a target for coin collectors. Highly worn coins are generally worthless, unless they are very rare.
Metal: If a coin is made of a precious metal such as gold, silver or platinum, it will have an internal value even if it enters the molten pot.
Interest: Sometimes the price of a coin increases due to a slight increase in popularity, which increases the demand. For example, there are a lot of coins in shipwrecks, but if we found a coin on the Titanic, it would sell as a reward because of the legend surrounding the Titanic.
If we apply these rules to Roman coins, it will explain why they are not worth a fortune.
History of the Roman Empire
Probably the main reason why Roman coins are cheap is that they are not rare. On the contrary, it can be found everywhere. The Roman Empire was one of the largest empires in history, encompassing parts of Europe, Britain, Asia, the Middle East and North Africa. More than 500 years old, it was available between 27BC and 476AD. All these places used Roman coins throughout the period.
The Romans needed large quantities of coins to meet their needs. To make matters worse, inflation was sometimes as high as 1,000 percent. The salary of a Roman soldier (‘pension’), at the beginning of the Empire, was probably a few dinars a day; until the end, the soldier would be paid several hundred. Small denomination coins did not have much spending power.
In passing, Roman soldiers were always men, had to register for 25 years and receive salaries, bonuses and pensions. The downside was that they had to pay for their own food and help the horses and weapons.
Initially, coins were minted only in Rome, but in the third century, there were mints in other countries as well. These mints sometimes produced more than 2 million coins per head ay pay the demand. Coins usually depicted the Emperor on one side and another image or letter on the other. More than 10,000 different types of coins were created during the empire.
Coins were struck, that is, an empty disk was placed between two corpses and slapped with a hammer! For this reason, the edge of the design does not always match the edge of the border. It was a simple process and was very open to forging and started with the first coins. Initially, a formal agreement could have been made to create some coins locally to meet currency requirements, but by the end of the Third Century, counterfeiting had become a common and serious problem.
Due to the popularity of Roman coins, they should be warned as they are multiplied for tourist gifts and historical interests, so always buy from a reliable source as a professional dealer.
Therefore, I hope you will see that Roman coins are not rare and are still found in large quantities today.
Given that 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 are better known than others, such as Julius Caesar and Nero, and can be collected more. Do not reject a Roman coin because you think it is in bad condition; Remember that the coin is very old, probably for centuries on earth, and because of their design, you will never find a perfect coin compared to a modern coin.
The best part about the low price of ancient Roman coins is that they are very affordable. These are items of interest and conversation, so you should buy one or two for your collection and they are a great gift for anyone interested in the Roman era.