The first Roman silver coinage bears the types of the goddess Roma,
wearing a winged helmet, and on the reverse the patron deities of
trade and commerce, Castor and Pollux, the Heavenly Twins or Dioscuri
(No. =40=; fig. 15_b-d_). They are armed with spears and ride on
horseback, with their stars above their heads. These types occur on
all three denominations of the earliest silver, the _Denarius_ (marked
+X+), which was worth 10 _asses_; its half, the _Quinarius_ (+V+); and
the _Sestertius_ (+IIS+) of 2-1/2 _asses_, which became the unit in
reckoning accounts. The two smallest silver pieces were not always
struck; but the _denarius_, with the reduced copper for small
denominations, remained in use during the period of the Republic
at Rome and long into the Empire. Although both series had a great
variety of types, the fabric and general appearance were unaltered.
With the change to the Empire, reform in all directions was begun, and
the coinage was set on a new basis. Gold was introduced to meet the
needs of the metropolis of the world, and two new coins, the _Aureus_
and its half, were struck in this metal. They were modelled on the
silver pieces. The standard silver coin was still the _denarius_,
and the only change which it experienced was in type. The head of the
emperor took the place of those of deities, with a superscription,
which was the forerunner of modern coin-legends. It consisted of
the name and titles of the emperor, often with the date of striking,
arranged in a circle round the edge of the coin. The minting of gold
and silver was assumed by the emperor, but the lower denominations
were left to the senate, whose authority is expressed on each piece by
the letters +S·C+ (_Senatus Consulto_, "by decree of the Senate"). The
senatorial series consisted of the _Sestertius_, the equivalent of the
smallest silver coin, now valued at 4 _asses_ instead of the original
2-1/2; the _Dupondius_, of 2 _asses_; the _As_, and fractions of the
_as_, _Semis_ and _Quadrans_, which are of less frequent occurrence.
These coins sometimes differed as to the metal used, the _as_ and
_semis_ being of copper, and the _dupondius_ and _sestertius_ of
brass; or in the style of the emperor's head; or, as in the case of
the coins exhibited, the _as_ is marked +I+ and the _dupondius_ +II+
(fig. 15_h_ and _i_). Usually, however, the two pieces are confused,
and are loosely termed by collectors "second brass," the sesterce
being "first brass," and all denominations lower than the _as_ "third
brass." The reverse types were very numerous, and, with the exception
of the mark +S·C+ on the senatorial issues, none of them was peculiar
to any denomination. The series which is selected here to illustrate
the Imperial coinage is of the reign of Nero (54-68 A.D.); all the
pieces, therefore, bear the image and superscription of that Caesar,
and their reverses have complimentary references to the emperor and
his family, or topical allusions to current events (No.
Public-domain text, read in full here on John Shaqi.
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