The Origin of Metallic Currency and Weight StandardsRidgeway, William
History
The Origin of Metallic Currency and Weight Standards
Ridgeway, William
Money -- Origin; Weights and measures -- History
learn from a law of the Twelve Tables, and the force and power of these
coins depended not on their number but on weight. For as there were bars
(_asses_) of a pound weight, there were also two pound bars (_dupondii_),
whence even still the term _dupondius_ is used, as if two in weight[441].
And the name is still retained in use.” The half-bars likewise and
quarters were no doubt proportionately adjusted to weight. It will be
observed that the omission of all mention of the _decussis_ as a standard
seems to throw additional doubt on Mr Soutzo’s hypothesis. The plain fact
is that a mass of bronze ten pounds in weight would have been extremely
cumbrous and unhandy for purposes of manufacture into the implements of
everyday life.
[Illustration: FIG. 56. Romano-Campanian Coin.]
[Illustration: FIG. 57. Victoriatus]
When and by whom a stamp was first placed on the bars, it is of course
impossible to say. Tradition however seems unanimous in assigning
it to the Regal period. Pliny’s account of the Roman coinage is as
follows[442]: “King Servius first stamped bronze. Timaeus hands down
the tradition that aforetime they employed it in a rough state at
Rome. It was stamped with the impressions of animals (_nota pecudum_),
whence it was termed _pecunia_. The highest rating in the reign of that
king (Servius) was 120,000 asses, and accordingly this was the first
class. Silver was struck A.U.C. 485 (B.C. 268) in the Consulship of Q.
Ogulnius and C. Fabius, five years before the first Punic war, and it
was enacted that the _denarius_ should pass for ten pounds of bronze,
the _quinarius_ for five, and the _sestertius_ for two and a half. Now
the libral weight was reduced in the First Punic war, as the state
could not stand the expenditure, and it was appointed that _asses_ of
the weight of a _sextans_ (2 _unciae_) should be struck. Thus there
was a gain of five-sixths, and the debt was cleared off. The type of
that bronze coin was on the one side a double Janus, on the other a
ship’s beak, whilst on the _triens_ and _quadrans_ there was a ship. The
_quadrans_ was previously termed a _teruncius_ from _tres unciae_ (three
ounces). Afterwards under the pressure of the Hannibalic wars in the
dictatorship of Q. Fabius Maximus, _asses_ the weight of an ounce were
coined, and it was enacted that the _denarius_ should be exchanged for
sixteen _asses_, the _quinarius_ for eight, the _sestertius_ for four;
thus the state gained one half. Nevertheless in the soldiers’ pay the
_denarius_ was always given for ten _asses_. The types of the silver
were _bigae_ and _quadrigae_ (two-horse and four-horse chariots), hence
they were termed _bigati_ and _quadrigati_[443]. By and by in accordance
with the Papirian law half-ounce _asses_ were struck. Livius Drusus when
tribune of the Plebs alloyed the silver with an eighth part of bronze.
The _Victoriatus_ was struck in accordance with a law of Clodius, for
previously this coin brought from Illyria was treated as merchandize. It
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