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Denarius roman money3/11/2023 ![]() ![]() The dinar is the monetary unit in the nations of Algeria, Bahrain, Iraq, Jordan, Kuwait, Libya, Serbia, and Tunisia. Today, the nation of North Macedonia uses a denomination called the denar. The influence of the Roman denarius denomination still pervades everyday life in many parts of the world, whether people realize it or not. Meanwhile, in the rise of the Arabian Empire, the gold coin was given the denomination of dinar, a term derived from denarius. cents are only made of copper-coated zinc. New silver coinage with different denominations eventually displaced the penny, which deteriorated eventually to a copper composition. The “pound” unit was adopted as a monetary unit by the English, equal to 20 shillings (where a shilling was set as equal to 12 pennies) or 240 pence.īy 1100 A.D., the silver pennies started suffering debasement, with lower weights and silver purities. The official value was 240 pennies to the pound, or one pennyweight of 24 grains of silver, even though the actual silver content was only 22.5 grains. Late in the Eighth Century, silver pennies went into production in England. The silver content remained relatively constant for about three centuries, during which time this coin became the dominant trading coin in Western Europe. It was generically referred to as a penny or denier. ![]() The denarius denomination was revived in France during the reign of Carolingian king Pepin the Short (751-768 A.D.) The novus denarius was struck at the rate of 240 coins per pound of weight. Eventually, those coins were pretty much made of base metals with a silver wash on the exterior. rapidly lost silver purity, getting as low as 2%. Subsequent Roman silver coinage in the Third Century A.D. Production of the denarius for circulation ended during the reign of Emperor Gordian III (238-244 A.D.). Emperor Caracalla (198-217 A.D.) reduced the gross weight about 10%, with the silver purity headed down towards 50%. Thereafter the silver purity was repeatedly debased. ![]()
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