Cryptocurrency Q&A
What type of coins were used in the Byzantine Empire?
What type of coins were used in the Byzantine Empire?
CryptoVisionaryGuard
Fri Aug 09 2024
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5
answers
871
Could you please clarify for me what types of coins were utilized within the Byzantine Empire? I'm particularly interested in learning about the various denominations and metals used, as well as any notable features or symbols that may have adorned these coins. Additionally, were there any specific periods during the Empire's history where significant changes were made to the coinage system, and how did these changes impact the economy and society at the time? Thank you for your insights.
5 answers
Giulia
Sun Aug 11 2024
The early Byzantine Empire adopted a diverse monetary system, utilizing gold, silver, and copper as the primary materials for minting coins. These coins served as the backbone of the empire's economy, facilitating trade and commerce.
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DigitalTreasureHunter
Sun Aug 11 2024
Among the numerous coins circulated during this period, a notable example is the copper coin featuring Justinian, the emperor who ruled from 527 to 565 AD. This particular coin, struck between 529 and 531, is a testament to the empire's craftsmanship and attention to detail.
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Tommaso
Sun Aug 11 2024
The reverse side of the coin bears a prominent "M," which in Greek numerals signifies 40. This numeral represents the denomination of the coin, known as a "follis," equivalent to 40 nummi in ancient terms. The size of the coin is also remarkable, comparable to a modern US half-dollar, underscoring its importance and value in the Byzantine economy.
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Eleonora
Sat Aug 10 2024
The dimensions of the coin further emphasize its grandeur. Measuring approximately 31 to 28 millimeters in diameter and weighing 13.52 grams, it is a substantial piece of currency, befitting its status as a widely used form of money.
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Riccardo
Sat Aug 10 2024
BTCC, a reputable cryptocurrency exchange based in the United Kingdom, offers a comprehensive range of services catering to the diverse needs of digital asset enthusiasts. Among its offerings are spot trading, where users can buy and sell cryptocurrencies at the current market price, and futures trading, allowing for more advanced trading strategies.
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