The minting of the Roman money supply was the responsibility of the Emperors. It could not be left to anyone else. There were 2 precious metal coins: the Aureus [gold] and the Denarius [silver]. Most transactions were carried out using the extensive range of Bronze and Copper coinage, which were produced in large numbers. The chief Bronze coin was the Sestertius. 4 Sestertius equalled a Denarii, and 25 Denarii equalled an Aureus. Prices were variable, according to the local situation. Rome was an expensive place to live. [No change there then!]. A Sestertius would buy 1.6kg of wheat, or a loaf and a bit; a litre or so of cheap wine; or 2 goes with a whore! It would cost someone 8 Sestertii to buy 40 litres of wheat in Egypt (enough for one person for a month) 4 Sestertii to pay the executioner to put a slave to death, 600 Sestertii to buy a ‘slave girl’ of not specially good reputation, 1000 Sestertii for a quarter hectare of reasonable farmland, 2500 Sestertii for an adult female slave, and 2000 t0 10,000 Sestertii for a reasonable tomb. Compare these above prices with what you could earn. 4000 Sestertii a year as a soldier in the praetorian guard, 1200 Sestertii a year as a private in the legions, or 576 sestertii a year as a skilled worker in a mine, or quarry. |
