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in Ancient Economies
Vienna 28 31 October 2014
Clive Stannard
Ebusus to Pompeii
When:
Purchase + transport > metal + minting,
it is cheaper to mint at end use
This is independent of fiduciary value at
import
A dearth of small change raises its utility
value.
So:
Foreign blocks are often accompanied or
followed by imitative coinages
Characteristically, imports and imitations occur
when the state cannot supply adequate small coin
XIX/2
XXI
Stefanaki 39
Lorium
Rome
Minturnae
Pompeii
Nemea
Athens
Kalymna
Didyma
Aphrodisias
Kos
Ashkelon
Series XVI
Series XIX/1
Series XIX/2
Series XXI
Others
Non-numismatic evidence
Conclusions
c.214c.150/130 BC
Massalia
c.150100 BC
130s100 BC
Rome
241235 BC
211208 BC
Athens
c. 224/3198 BC
Non-numismatic evidence
Rome
Rome
Ebusus
Rome
Rome
Rome
Ebusus
Rome
Rome
Ebusus
`
`
Rome
Ebusus
Athens
`
Dating evidence
Excavations in the House of Ariadne, Pompeii
Massaliot prototype D
Conclusions
Republican asses
to legionary camps
on the Rhine
Republican asses
in military camps on the Rhine
400
300
Peter 2001,
200
fig. 4
100
0
1 2 3 4 5 6 7 8 9
Asses of Lyons altar-series / Republican asses
Camps had short lives and were abandoned:
1-3 Augustan camps (Haltern, Kalkrise, Augsburg-Oberhausen)
4-9 Later camps (Lorenzberg, Kaiseraugst, Aislingen,Rheingnheim, Hofheim)
Military camp
Claudius, Minerva
Debased antoniniani
to North Africa
Central Empire
Pre-reform
Genuine
Gallic Empire
Post-reform
Genuine
Genuine
Imitations
Divo Claudio
Genuine
Imitation
North African
hoards of
antoniani in
the late 3rd c.
RGZM hoard
unknown location
Divo Claudio
Gozo, Rabbat
Tetricus I/II
La Ciotat
Wreck
10
Conclusions
If a block is identified:
Who are the actors, on both sides, and who
initiated the transfer?
Did they know the end use of the coins, or
was that a later decision?
Was it one transfer, or a series of transfers?
Was the transfer direct, or did it go through
some intermediary destination?
Kos
We know:
No military event: they werent booty
No demonetisation: they werent scrap
Who gathered together the block?
Traders? (improbable numbers)
Money-changers, or the state?
(who might have had such numbers)
Who put them into circulation?
Magistrates? Money-changers?
Ebusus
The date is crucial:
Quintus Caecilius Metellus conquered
the Balearics in 123 BC. The block is
probably too early
Exactly the same questions as at Kos
No sign that they were booty or scrap
If bought:
Would sellers sell below fiduciary value?
Would purchasers pay over metal value?
In Imperial times
Block transfers were a western phenomenon
Eastern cities continued to strike
Republican asses probably fell away with
Tiberius huge issues
The probable closure the Roman mint from
AD 4262, of Lyon from Tiberius to AD 64,
reduced supply to military camps
Thank you