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Roman Empire

Roman coins

Roman Empire · IIIe s. av. J.-C. - Ve s.

Written by the Maison Or & Bijoux Mougins team · updated

Silver denarius of Augustus, head of the emperor, obverseSilver denarius of Augustus, sacrificial implements, reverse
Photos: AdhesiveRegex, CC0, via Wikimedia Commons, cut out on a black background.
Specifications
CountryRoman Empire
MetalsGold, silver, billon (silver alloyed with copper), orichalcum (brass), copper, bronze
Period3rd century BC to 5th century AD
System of Augustus1 aureus = 25 denarii = 100 sestertii = 400 asses
MintsRome, then many provincial mints (Lyon, Trier, Arles…)
Mint marksIn the exergue in the late Empire: TR (Trier), LVG or PLG (Lyon), ARL (Arles)…
ReferencesRIC for the Empire, Crawford (RRC) for the Republic, Cohen, Sear

A small dark coin, a crowned profile, clipped Latin letters: more often than not, it is a Roman coin. Rome issued coins from the Republican denarius, around 211 BC, to the gold solidus of the late Empire, and spread them through all its provinces, Gallia Narbonensis included. They are the ancient coins most often found at the bottom of a family box.

Identification

Roman coins: how to recognise it

Silver denarius of Augustus, head of the emperor, obverse

Obverse

In the imperial period, the head or bust of an emperor, an empress or a Caesar, wearing a laurel wreath, a radiate crown or a diadem. The circular legend lines up abbreviated titles: “IMP” for imperator, “CAES” for Caesar, “AVG” for Augustus, “P M” for pontifex maximus, “TR P” for tribunician power, “COS” for the consulship, “P P” for pater patriae.

Silver denarius of Augustus, sacrificial implements, reverse

Reverse

An allegorical or divine figure (Victory, Peace, Concord, Fortune…), a temple, a trophy, a battle or address scene, named by the legend. Bronzes of the 1st to 3rd centuries often carry “S C” in the field. From the late 3rd century, the abbreviation of the mint appears in the segment below the scene (the exergue).

Edge
Usually plain. One series of Republican denarii, known as “serrati”, has a notched, toothed edge. A seam line or small bubbles on the edge give away a cast coin.
Engraver
No signature. Attribution relies on the emperor, the reverse type and the mint, with the numbers of Roman Imperial Coinage (RIC) for the Empire and of Crawford's catalogue (RRC) for the Republic.
Dates and mintages

Roman coins: key dates

No Roman coin carries a date. To place one in time, start from the emperor named, then from the numerals following “COS” or “TR P” in the legend: they count consulships and renewals of tribunician power, which often narrows the date to a year or two. The table first helps you put a name to the coin from its metal and size.

Roman coins: dates and mintages
CoinMetalPeriodRemarks
DenariusSilverc. 211 BC – 3rd centuryAbout 4.5 g when introduced, about 3.8 g under Augustus; lighter and less silver from Nero onwards.
QuinariusSilver (also gold)Republic and EmpireHalf a denarius, around 1.9 g in silver under Augustus; uncommon.
AureusGoldLate Republic – early 4th centuryAbout 7.8 g under Augustus, 7.26 g after Nero's reform (64).
SestertiusOrichalcum (brass)Empire, 1st – 3rd centuryLarge module of about 25 g under Augustus; “S C” on the reverse.
DupondiusOrichalcumEmpire, 1st – 3rd centuryAbout 12.5 g; equal to two asses in the system of Augustus.
AsCopperEmpire, 1st – 3rd centuryAbout 11 g under Augustus; redder metal than the dupondius.
AntoninianusBillon215 – late 3rd centuryIntroduced under Caracalla; portrait with a radiate crown; silver reduced to a few per cent.
Follis (nummus)Silvered bronzeDiocletian's reform (294) – 4th centuryAbout 9.7 g at first, then reduced several times.
SolidusGoldc. 309/310 – 5th century and laterIntroduced by Constantine at Trier, 1/72 of a pound (about 4.5 g); continued in Byzantium.
SiliquaSilver4th – 5th century1/24 of a solidus; thin, light flan.

Weights, periods and equivalences from Wikipédia (FR), “Monnaie romaine” and “Solidus”, and Wikipedia (EN), “Roman currency”. These are reference weights: surviving examples vary, sometimes widely in the 3rd century.

Three questions to put a name to the coin

Faced with a box of old coins inherited from a house in the hinterland, start by sorting them by metal and size. A large, thick brass coin, often more than 3 cm across, is frequently a sestertius. A silver coin the size of a fingernail is usually a denarius. A small, thin brown coin with a radiate portrait very often belongs to the 3rd century (antoninianus); smaller still and in bronze, to the 4th century (the follis and its successors).

Second question: who is depicted? The name is read on the obverse, between the titles. It often comes after “IMP CAES” or before “AVG”. A radiate crown generally signals a double denomination (antoninianus, dupondius), a laurel wreath a single one.

Third question: where and when? On late bronzes, the letters in the exergue identify the mint, often preceded or followed by a workshop letter: “ARL” or “CONST” for Arles, “LVG” for Lyon, “TR” for Trier. With these three elements, a search in RIC or on Numista becomes possible. Coins of the same period struck in the Greek East, with Greek legends, are classified separately (see Greek coins).

Under the loupe: ancient, imitation or souvenir?

A Roman coin can be false in three ways. First, as a contemporary copy. Plated denarii, made of a copper core under a thin silver skin, already circulated in antiquity: a flake or a crack reveals the red metal. When official coinage ran short in the western provinces, local workshops also produced imitation bronzes and antoniniani, smaller, clumsily drawn and with faulty legends. They have their own interest, but must not be confused with official issues.

Second, as an early creation for collectors. In the 16th century, Giovanni da Cavino, in Padua, engraved sestertii in the antique manner; some reproduce types that were never struck, such as a sestertius of Otho. In the 19th century, Carl Wilhelm Becker in turn made dies imitating ancient coins. These pieces, and the casts taken from them, regularly turn up in old collections.

Third, as a modern fake or a souvenir. Under the loupe, a cast copy shows a grainy surface, pitting, blurred letters and a seam on the edge. Recent struck copies are more careful, but their patina looks too even or powdery. Medals with an emperor's profile sold in site shops have a perfectly round flan and a metal that is too yellow. The guide to spotting a fake coin (in French) details these checks.

Wear, patina, centring: describing the condition

The grading vocabulary (F, VF, EF) applies to ancient coins, but you do not judge the same things as on a 20th-century franc. On the obverse, follow the portrait: the eye, the ear, the curls of the hair and the leaves of the wreath fade first. On the reverse, the head and torso of the figure, then the folds of the drapery.

Two criteria count as much as wear. Centring, first: the flan was often smaller than the die or badly placed, so that part of the legend, sometimes the emperor's name, falls outside the field. Patina, next, on bronzes: green, brown or black, it formed over centuries in the ground. Smooth and stable, it protects the coin; flaking, or dotted with powdery light-green spots, it signals ongoing corrosion that should be shown to a numismatist.

The most useful rule fits in one sentence: do not rub anything. A stripped bronze loses its patina for ever, and a denarius treated with silver polish takes on a shine that makes it suspect. The guides to coin grades and to cleaning a coin (in French) explain why.

Key dates, from the Republic to Constantine

  • c. 211 BC: during the Second Punic War, Rome creates the silver denarius. Under the Republic, the moneyers choose the designs, often to honour their ancestors.
  • Late 1st century BC: Caesar, then Augustus, set up a lasting system, from the gold aureus to the copper as; the ruler's portrait becomes the norm. Lyon strikes coins from the reign of Augustus.
  • 64: Nero reduces the weight of the aureus and the denarius.
  • 215: the antoninianus appears under Caracalla. Through the crises of the 3rd century, its silver content collapses.
  • 294: Diocletian recasts the system around a silvered bronze, the follis, and multiplies mints marked in the exergue.
  • c. 309-310: Constantine launches the gold solidus at Trier, which keeps its weight for centuries in the Byzantine Empire. Arles and Trier are then among the major mints of the West.

That leaves the question of origin. A Roman coin is lawfully passed on through inheritance, an old collection or a purchase from a professional. In France, searching for archaeological objects with a metal detector requires a prefectoral authorisation (article L542-1 of the Heritage Code), and a chance find must be declared at the town hall (article L531-14). Keep any paper that tells where a group of coins comes from.

In Mougins

Roman coins in Côte d'Azur

In Roman times, Mougins lay in the hinterland of Antipolis, present-day Antibes, part of the province of Gallia Narbonensis. Ancient rural settlements have been identified within the commune, such as La Borde, occupied from the 1st to the 3rd century, and the small farming village of Le Guillet. The Via Julia Augusta, laid out in 13-12 BC, ran lower down, near the coast, towards Forum Julii (Fréjus); a milestone was found in the 19th century at Vallauris, in the Pertuades district. Antipolis even issued small bronzes in the name of Lepidus, marked “ANT”.

Roman coins: frequently asked questions

What should I do with Roman coins found while digging a plot of land?

Do not clean them, and declare the find at the town hall: French heritage law requires it for a chance find of archaeological objects. Note the exact spot, as it matters to archaeologists.

How can I tell a sestertius from an as?

By size and metal. The sestertius is the largest bronze of the early Empire, in yellowish brass of about 25 g under Augustus; the as is clearly smaller and in red copper, around 11 g.

What are the letters below the scene on the reverse for?

From the late 3rd century, this segment, the exergue, carries the abbreviation of the mint, for example ARL for Arles or LVG for Lyon, often with a workshop letter. It is a key element for finding the coin in RIC.

Is a shiny Roman coin necessarily a fake?

No, but it should be examined closely: a very bright shine often comes from cleaning, sometimes from a modern copy. Weight, style and the look of the edge help settle the question.