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date: 19 May 2019

Abstract and Keywords

With the enactment of Anastasius's monetary reforms of AD 498, the Western Roman Empire had collapsed and Constantinople now ruled over the rump state that was to be called the Byzantine Empire by historians. This period witnessed the continued dominance of Roman gold coinage, whose issue was zealously controlled by the emperor. It survived the fall of the western empire to become the core piece of the Byzantine Empire for centuries to come. Until AD 402, there were copious silver issues from numerous mints, but output was greatly reduced for much of the fifth century. There was an attempt in 379 to reform the bronze coinage again, providing three denominations. However, this too failed, and from the late fourth century, small denomination coins dominated the currency pool. After 425, only the nummus was produced, heralding an era in which there were only large-denomination gold and the tiniest coppers in circulation.

Keywords: monetary reforms, Roman Empire, Byzantine Empire, gold coinage, nummus

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