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Vespasian Denarius
The History of the Roman Denarius: A Symbol of Power and Trade

The History of the Roman Denarius: A Symbol of Power and Trade

The Roman denarius is one of the most iconic coins in history, serving as a vital currency throughout the Roman Republic and Empire. Its evolution reflects the political, economic, and cultural transformations of ancient Rome. Let’s explore the history of the denarius, its significance, and its impact on Roman society.

Origins of the Denarius

  1. Introduction in the 3rd Century BC
    • The denarius was first introduced around 211 BC during the Second Punic War as a response to the need for a standardized currency. Before its introduction, various coins were in circulation, leading to confusion in trade.

The denarius was originally valued at ten assēs, a bronze coin that had been widely used in Rome.

ROME REPUBLIC Crescent series, Rome, 207 BC.
AR Denarius. Reverse: Dioscuri on horseback
  1. Design and Composition
    • The early denarius was made of silver and weighed approximately 4.5 grams. Its design featured a distinctive image of the Roman goddess Roma or various deities, symbolizing Roman values and ideals.
    • The reverse side often showcased significant symbols, such as military victories or important events, reinforcing the power and influence of the state.

                                                        Julius Caesar Elephant Denarius

                                        Julius Caesar “Elephant Denarius

         The elephant represents the might of Caesar and his legions, trampling a snake which represents the enemy.

 

     The Denarius in the Republic

  1. Expansion and Trade
    • As Rome expanded its territory, the denarius became essential for trade and commerce. Its acceptance spread across the Mediterranean, facilitating economic interactions with various cultures.
    • Merchants and traders came to rely on the denarius as a stable currency, further embedding it into daily transactions.
  2. Political Propaganda
    • Coins were often used as tools for political propaganda. During the late Republic, prominent figures, such as Julius Caesar and Pompey, minted their own coins to promote their images and achievements, effectively using the denarius to influence public perception.

The Denarius in the Empire

  1. Widespread Use
    • The denarius became the standard currency throughout the Roman Empire during the Pax Romana (27 BC – AD 180). Its stability contributed to a flourishing economy, allowing for extensive trade networks.
    • Coins were often minted in provincial mints, which adapted designs to local tastes while retaining the essential features of the denarius.
    •                                                      Marcus Aurelius denarius

                                Marcus Aurelius Denarius – last emperor of the Pax Romana

  1. Changes in Composition
    • Over time, the silver content of the denarius began to decline due to economic pressures, including military expenditures and inflation. By the 3rd century AD, emperors started debasing the coin, leading to a mix of silver and base metals.
    • This debasement marked the beginning of a long decline in the denarius’s value, contributing to economic instability in the Empire.

Severus Alexander Debased Silver Denarius

                                   Denarius of Severus Alexander – debased silver

 

The Denarius’s Legacy

  1. Cultural Impact
    • The denarius not only facilitated commerce but also served as a canvas for artistic expression. The designs reflect Roman artistry and the political narratives of the time, leaving a lasting cultural legacy.
    • Its name has endured through history; the term “denarius” evolved into various modern currencies, including the Spanish “denario” and the Italian “denaro.”
  2. End of the Denarius
    • By the late 3rd century AD, the denarius had largely fallen out of use as the Empire shifted towards different currency systems, including the antoninianus.
    • The denarius remained a symbol of Rome’s economic prowess and cultural influence, even as it was replaced by new currencies.

                                         Antoninianus of Gordian II

Conclusion

The Roman denarius played a crucial role in the development of the Roman economy and society. From its inception as a standardized currency to its decline amid economic turmoil, the denarius reflects the complexities of Roman history. Today, it remains a powerful symbol of ancient Rome’s legacy in trade, governance, and culture, highlighting the importance of currency in shaping civilizations.

 

We at Ancient Artifacts have many ancient coins for sale at our physical store, on VCoins ( https://www.vcoins.com/ancient_artifacts__treasures), and www://BargainBinAncients.com

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Peridot August Birthstone

Peridot Gems

 

PERIDOT

      AUGUST BIRTHSTONE

 Ancient Artifacts & Treasures, Inc.

Peridot (pronounced per-i-dat) is one of the few stones found in only one color. It is gem-quality Olivine. The name Peridot is derived from the Greek word “peridona” with a meaning that runs along the lines of “giving plenty”. The reason for the deep green color with a slight golden hue is due to fine traces of iron in the magnesium rich silicate. It is mined in many locations around the world and is also found in some meteorites (called pallasites).

The friendly and joyous energy of this stone helps to create and seal friendships; clearing the heart and releasing the ego, which in turns cleanses the mind and soul of jealousy and anger – thus bringing about the sense of peace and quiet amusement which leads to solid friendships.

This August birthstone is said to have the wonderful ability to bring vitality and healing to the entire body. It is said to increase confidence, patience and assertiveness (without aggression) simultaneously.

The green color as well as the stone saturates ones life with growth, healing, renewal, purification, rebirth and growth. It is at is useful as a balancer of the entire glandular system. It assists with tissue regeneration, purifying the body with the strengthening of the blood. This green stone is also said to reduce fever, aid in digestion and calm the nervous system. Peridot helps heal insect bites as well as the liver and it many faceted improves the health of the eyes.

It is said to strengthen the digestive tract, the metabolism and to be beneficial to the skin as a whole. Peridot is said to be helpful in childbirth when placed on the abdomen to assist in strengthening muscle contractions and lessening the pain.

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Coins
Selling Your Coin Collection

How To Sell Your Coin Collection by Gary Eggleston

So, you feel it’s time to sell your long-time Coin Collection, or you might have inherited a collection and you know nothing about coins and you would like to sell them. As with the sale of anything, you would like to make sure you get a fair price. Sounds simple enough, right? In the field of numismatics, when it comes time to sell, offerings for your collection will vary greatly. The following hints will help guide you to getting a reasonable and fair offer. I will talk more on the term “reasonable” a little bit later. Coin Dealers, like any other profession, number in the thousands. From part-time single person businesses to huge companies that buy and sell millions of dollars of coins yearly. And like other all other professions and industries, we have some crooks. By following the general tips in this article, you will be in a better position to realize your collections value. So here we go!

Most importantly, you need to recognize what you have. How come? If you don’t know what you have, how do you know you are getting a fair value for your coins? If you have thousands and thousands of wheat cents, I am not stating you need to inventory them all. As a matter of fact, it might not be worth your time. The probabilities of discovering a key coin are slim at best. But you had better know how many pennies you have. How? Simply weigh them. Wheat pennies come to approximately 148 pennies per pound. The same rule can apply to other common coins such as pre 1965 Roosevelt Dimes and Washington quarters as you will probably accept a bullion price for these coins. For the remainder of your collection, you might prefer to count the number of each piece. Be sure you have a complete list of your collection.

OK, time to contact a dealer? No, not yet. How do you know you are dealing with an honest one? Prior to contacting a dealer, you need to do some homework. Does the dealer belong to any organizations and/or clubs such as ANA  (American Numismatic Association)? How long has s/he been in business? What is their reputation? Check out a few dealers before you make that call. Besides, just because they advertise in a major coin collecting publication, doesn’t make them honest. Most novice collectors wouldn’t know the difference.

Now that you have done some research, it’s time to contact the dealer. This can be done in several ways. You can give them a call or if you are the shy type, simply send them an email. In your email, identify yourself and that you have a collection for sale. Include in the email the inventory you completed. This might come as a shock to many, but some dealers WILL NOT want your collection. A lot of dealers specialize in certain types or series or could just have too many coins in their stock. If your collection is an average collection of common coins, you may be disappointed to find out that many, if not all of the big dealers simply don’t want to bother with you. It’s too time consuming for them to sort the common collections and the margins are simply too small for them to make a decent profit. Do not fret, all is not lost. A lot of smaller dealers will welcome the opportunity to get your collection. Many of these dealers work in mail-order exclusively and might have only an email or a PO Box as contact information. Although they might seem shady, these folks typically are quite respectable. As before, contact the dealer and inquire if they are interested. If they are not, just move on to the next dealer. If they are, ask them for their “buy price” list. Many dealers will publish a list of what they are willing to pay for certain coins.

After some laborious work, you should have a few offers on the table. The offers are probably not anywhere near what you anticipated. Recall what I said above about a “reasonable” offer? Here is the painful truth. Coin Dealers are in business to make money. Sure, many of us chose this profession because we enjoy it, but like everyone else, we still have mortgages, car payments, and college for kids, etc. Many people will search in the latest Coin Prices magazine or other price guide to come up with an idea of what their collection is worth. Magazines such as Coin Prices are actually a list of prices of what you can anticipate to pay a dealer for a particular coin, not what you can expect to get paid. Markups can range from 20-50% or more for smaller denomination coins such as wheat cents. As I mentioned earlier, some dealers just might not desire what you have. Besides, many, if not all dealers, reserve the right to revise the offer on inspection of the collection. If you believe all your Morgan Dollars are BU, but they are really AU, this will make a huge difference in price. Grading is extremely subjective. Also, for larger, more diverse collections, a dealer might spend a significant amount of time reviewing the collection to guarantee a fair price.

So, what to do? Accept the best offer and run? Maybe, maybe not. If this is an inheritance, and you have no emotional attachment, you can simply sell and never look back. If this is your collection of 50 years, well this perchance painful. You can proceed to contact different dealers and wait for a better offer. If you feel your collection is genuinely worth more, you can always consign it for auction. With some of the fees the major auction houses charge, it may not be worth it. You can likewise try your hand at eBay but unless you have a strong feedback profile, many buyers won’t bid on your items. Plus, eBay’s fees could cut into your profits considerably. You can also locate eBay members who will auction off your collection for you for a percentage of the take. Sometimes this works out well and sometimes not.

For now, let’s assume you have a fair offer, and you decide to sell. Incidentally, this should be a written offer sent via the mail or sent via email. Many times, the buyer may be in a different city or state. No buyer will send you a check until they’ve seen the collection. If the collection is large enough (many, many thousands of dollars), some buyers will come to you. If not, your most viable option is to ship the collection to the buyer via mail. Yes, that is right, via the mail. Wait you say that sounds risky.

It can be, but if you take precautions, you will have no problems. First, package the collection up very well. Be sure there are NO LOOSE coins jingling around. The sound of jingling coins is music to a thief’s ear. So be sure to wrap them up well and tight. When shipping via the mail, the USPS is reasonably safe. Normally, you will want to use USPS Priority Mail. Contact your local post office as you can ordinarily get free boxes. Generally, you will prefer to use the Flat Rate options as you can ship up to 70 pounds for under $10.00 (not including insurance) but ask your local postal clerk for options. For your protection, you MUST insure your package and pay for delivery confirmation. Include in your package an itemized list. Most dealers will appreciate this as they will audit the shipment to the list. If all is well, you can anticipate a check in the mail in no time.

In summary, here are the tips:

  1. Know what you have, prepare a comprehensive inventory
  2. Research some dealers before you contact one.
  3. Talk to dealers before sending coins to gage interest
  4. Send your coins. Package them well and insure them
  5. Review the offer
  6. Collect the cash!

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Taino
The Taino are among us!

If you have ever paddled a canoe, napped in a hammock, savored a barbecue, smoked tobacco or tracked a hurricane across Cuba, you have paid tribute to the Taíno, the Indians who invented those words, and many more, long before they welcomed Christopher Columbus to the New World in 1492.

Their world, which had its origins among the Arawak tribes of the Orinoco Delta, gradually spread from Venezuela across the Antilles in waves of voyaging and settlement begun around 400 B.C. Mingling with people already established in the Caribbean, they developed self-sufficient communities on the island of Hispaniola, in what is now Haiti and the Dominican Republic; in Jamaica and eastern Cuba; in Puerto Rico, the Virgin Islands and the Bahamas. There are some experts who feel the natives in the Florida Everglades were also Taino related. They cultivated yuca, sweet potatoes, maize, beans and other crops as their culture flourished, reaching its peak by the time of European contact.

Greater Antilles

Greater Antilles

Greater Antilles

Some scholars estimate the Taíno population may have reached more than three million on Hispaniola by the end of the 15th century, with smaller settlements elsewhere in the Caribbean. Whatever the number, the Taíno towns described by Spanish chroniclers were densely settled, well organized and widely dispersed. The Indians were inventive people who learned to strain cyanide from life-giving yuca, developed pepper gas for warfare, devised an extensive pharmacopeia from nature, built oceangoing canoes large enough for more than 100 paddlers and played games with a ball made of rubber, which fascinated Europeans seeing the material for the first time. Although the Taíno never developed a written language, they made exquisite pottery, wove intricate belts from dyed cotton and carved enigmatic images from wood, stone, shell and bone.

Stone Zemi

Taino Zemi – Puerto Rico

The Taíno impressed Columbus with their generosity, which may have contributed to their undoing. “They will give all that they do possess for anything that is given to them, exchanging things even for bits of broken crockery,” he noted upon meeting them in the Bahamas in 1492. “They were very well built, with very handsome bodies and very good faces….They do not carry arms or know them….They should be good servants.”

In short order, Columbus established the first American colony at La Isabela, on the north coast of Hispaniola, in 1494. After a brief period of coexistence, relations between the newcomers and natives deteriorated. Spaniards removed men from villages to work in gold mines and colonial plantations. This kept the Taíno from planting the crops that had fed them for centuries. They began to starve; many thousands fell prey to smallpox, measles and other European diseases for which they had no immunity; some committed suicide to avoid subjugation; hundreds fell in fighting with the Spaniards, while untold numbers fled to remote regions beyond colonial control. In time, many Taíno women married conquistadors, combining the genes of the New World and Old World to create a new mestizo population, which took on Creole characteristics with the arrival of African slaves in the 16th century. By 1514, barely two decades after first contact, an official survey showed that 40 percent of Spanish men had taken Indian wives. The unofficial number is undoubtedly higher.

Possibly as many as three million souls—some 85 percent of the Taíno population—had vanished by the early 1500s, according to a controversial extrapolation from Spanish records. As the Indian population faded, so did Taíno as a living language. The Indians’ reliance on beneficent icons known as cemís gave way to Christianity, as did their hal­lucinogen-induced cohoba ceremonies, which were thought to put shamans in touch with the spirit world. Their regional chieftaincies, each headed by a leader known as a cacique, crumbled away. Their well-maintained ball courts reverted to bush.

Given the dramatic collapse of the indigenous society, and the emergence of a population blending Spanish, Indian and African attributes, one might be tempted to declare the Taíno extinct. Yet five centuries after the Indians’ fateful meeting with Columbus, elements of their culture endure—in the genetic heritage of modern Antilleans, in the persistence of Taíno words and in isolated communities where people carry on traditional methods of architecture, farming, fishing and healing.

More than 1,000 years before the Spaniards arrived, local shamans and other pilgrims visited such caves to glimpse the future, to pray for rain and to draw surreal images on the walls with charcoal: mating dogs, giant birds swooping down on human prey, a bird-headed man copulating with a human, and a pantheon of naturalistically rendered owls, turtles, frogs, fish and other creatures important to the Taíno, who associated particular animals with specific powers of fecundity, healing, magic and death.

The cohoba ritual was first described by Friar Ramón Pané, a Hieronymite brother who, on the orders of Columbus himself, lived among the Taíno and chronicled their rich belief system. Pané’s writings—the most direct source we have on ancient Taíno culture—was the basis for Peter Martyr’s 1516 account of cohoba rites: “The intoxicating herb,” Martyr wrote, “is so strong that those who take it lose consciousness; when the stupefying action begins to wane, the arms and legs become loose and the head droops.” Under its influence, users “suddenly begin to rave, and at once they say . . . that the house is moving, turning things upside down, and that men are walking backwards.” Such visions guided leaders in planning war, judging tribal disputes, predicting the agricultural yield and other matters of importance. And the drug seems to have influenced the otherworldly art in Pomier and other caves.

Cahokia Vessel

Cahoba Vessel – Puerto Rico

At Sabana de los Javieles, a village known as a pocket of Taíno settlement since the 1530s, when Enrique, one of the last Taíno caciques of the colonial period, made peace with Spain and led some 600 followers to northeastern Hispaniola. They stayed, married Spaniards and Africans, and left descendants who still retain indigenous traits. In the 1950s, researchers found high percentages of the blood types that are predominant in Indians in blood samples they took here. And a recent nationwide genetic study established that 15 percent to 18 percent of Dominicans had Amerindian markers in their mitochondrial DNA, testifying to the continued presence of Taíno genes. A study published in the Journal Nature, shows that, on average, about 14 percent of people’s ancestry in Puerto Rico can be traced back to the Taino.

Relegated to a footnote of history for 500 years, the Taíno came roaring back as front-page news in 2003, when Juan C. Martínez Cruzado, a biologist at the University of Puerto Rico, announced the results of an island-wide genetic study. Taking samples from 800 randomly selected subjects, Martínez reported that 61.1 percent of those surveyed had mitochondrial DNA of indigenous origin, indicating a persistence in the maternal line that surprised him and his fellow scientists. The same study revealed African markers in 26.4 percent of the population and 12.5 percent for those of European descent.

Dr. Aviles, now a physician in Goldsboro, N.C. who studied genetics in graduate school, and his colleagues have uploaded the ancient Caribbean genomes to a genealogical database called GEDMatch. With the help of genealogists, people can compare their own DNA to the ancient genomes. They can see the matching stretches of genetic material that reveal their relatedness.

We are finding that the Taino are still living among us.

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