• buzz86us@lemmy.world
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    5 days ago

    Well after Rome fell the currency was worthless, what else would you do with them? I mean it took 1500 years for them to be worth more than the metal they were minted on.

    • tychosmoose@lemmy.world
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      4 days ago

      Not worthless. The coinage had intrinsic value, being made of metals with a commodity value. So it’s not like holding a paper banknote when a government collapses. People would still have used them to hoard savings, for trade and melted down as a source of precious metals.

      That was really the only value they ever had. Boosted a bit by confidence in the purity (but also reduced when Rome debased its coinage).