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YALE UNIVERSITY ART GALLERY
SCULPTURE HALL
ROMAN COINS
DENOMINATIONS OF ROMAN COINS
Although the earliest Roman coins used Greek denomi-
nations, such as the didrachm (two-drachm piece), the
Romans had their own system in place by the late third
century b.c. The base unit of Roman coinage was the
as. The principal silver coin became the denarius, at fi rst
worth ten asses, subsequently revalued at sixteen.
Coins were also minted in several denominations worth
fractions of the denarius; from the time of Augustus,
the most important of these was the sestertius,
an orichalcum (brass) piece worth one-quarter of a
denarius. Under the Empire, the standard gold coin, or
aureus, was equivalent in value to twenty-fi ve denarii.
This guide was written by Richard A. Grossmann,
graduate student, History of Art, in consultation with
William E. Metcalf, Curator of Coins and Medals.
RIGHT CASE
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ROMAN COINS
INTRODUCTION
The coins we use today are direct descendants of
the coins created by the Greeks and the Romans. In
antiquity, as today, coins were minted in a variety
of metals—chiefly, gold, silver, and various alloys of
copper—each with a particular material worth; gold
was far more valuable than silver, which, in turn,
greatly surpassed copper. A broad assortment of
denominations could be achieved by creating coins
from specific quantities of the different metals.
Ordinarily, the monetary value of a given coin was
guaranteed by whoever issued it, usually a city or
a ruler, and that guarantee was signified by official
markings on the coin itself. These markings could be as
simple as a geometric punch or as complex as a portrait
head, a statue of a deity, or an architectural tableau
in raised relief. The efficacy of coins as information-
bearing media was quickly recognized. Images provided
a means of visual communication with largely illiterate
audiences; for the literate, abbreviated texts, known
as legends, often identified the issuing authority
(ruler and/or mint), as well as the deity depicted or
event commemorated.
1
Silver didrachm of Rome
Rome, 269 b.c.
20 mm
ile2002.11.32
PRODUCTION
HAMMER
PUNCH
REVERSE DIE
FLAN
OBVERSE DIE
ANVIL
Most ancient coins were produced by striking blanks
of metal between two incised dies. Each die left a relief
copy of its engraved design on the face of the coin with
which it had come into contact. This imprinted image,
along with its accompanying legend, is known as a coin
type. The dies were meant to be re-used, and the same
type sometimes appears on thousands of coins. The
mass production of coinage permitted rapid distribution
of large sums of money for use in a variety of situ–
ations—as pay for government and military service, as
cash for the purchase of goods, as taxes collected by
cities and states, or as savings hoarded away.
Early Roman silver relied heavily on models provided
by Alexander the Great and his successors. The obverse
of a Roman didrachm 1 of 269 b.c. depicts a head of
Hercules (the Roman name for Herakles), who was also
the centerpiece of Alexander’s coinage (as on 9 in the
case of Greek coins to the left). Hercules is identifi able
here by the club and lion’s paw resting on his shoulder.
The hero also bears a close resemblance to coin
portraits of some of the kings who ruled over Alexander’s
divided empire and even wears a diadem (band). The
reverse, on the other hand, features a quintessentially
Roman image—the she-wolf suckling the twins Romulus
and Remus, the legendary founders of Rome.
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2
Silver denarius of Rome
Rome, 211–208 b.c.
22 mm
2001.87.168
3 Silver denarius of Julius Caesar
as Dictator perpetuo
Rome, 44 b.c.
18.5 mm
2001.87.577
The fi nancial strains caused by the Second Punic War
with Carthage (218–201 b.c.) forced Roman mint offi cials
to establish a lower weight standard for silver coins, and
so the denarius came into being (at fi rst worth ten asses,
later revalued at sixteen). At the same time, military
symbolism came to dominate the coinage. The female
head wearing a winged helmet on the obverse of this
coin 2 is generally identifi ed as Roma, the personifi ed
patron goddess of the city, especially as a military
power; the reverse depicts the Dioscuri, patron deities
of the Roman army, who are shown on horseback and
wielding long spears.
In 44 b.c., Julius Caesar, having prevailed over his rivals
in Rome’s civil war, began his fi fth term as consul and
was named “dictator forever.” In the same year, a coin
type 3 was introduced with an obverse that not only
declared this unprecedented distinction in the legend,
but also featured his portrait, wearing a laurel wreath
symbolizing victory. Julius Caesar thus became the
fi rst living person to be portrayed on a Roman coin in a
manner customary for a king. The reverse bore an image
of the goddess Venus, from whom Caesar claimed
descent. Caesar was assassinated within a few weeks
of the minting of this coin.
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4
Silver denarius of Octavian
Pergamum, 28–27 b.c.
20 mm
2001.87.885
5
Silver denarius of Augustus
Rome, 19 b.c.
19 mm
2001.87.991
RIGHT CASE: ROMAN COINS
Octavian, Caesar’s grand-nephew and adopted son, was
forced to contend with a number of other prominent
Romans, each believing himself to be Caesar’s rightful
successor. One of them, Marc Antony, a Roman
statesman and general, allied himself with Cleopatra
VII of Egypt. Octavian defeated their combined forces
in a naval battle at Actium in 31 b.c., after which he
took control of Egypt. A coin type minted in 28–27 b.c.
4 celebrates this triumph, with Octavian’s portrait on
the obverse and a crocodile straddled by the legend
“Egypt captured” on the reverse. After receiving the
honorific title of Augustus in 27 b.c., he turned his
attention to stabilizing the provinces through both
force and negotiation. His greatest diplomatic success,
commemorated on the reverse of a coin type issued
in 19 b.c. 5, was the peaceful return of Roman military
standards—flags carried by the Roman army into
battle—that had been lost to the Parthians in past
conflicts. Although Augustus is not explicitly portrayed
on the obverse of this coin, the facial features of Honos,
the personification of Honor, are similar to those of the
emperor. The reverse depicts a kneeling Parthian holding
out a Roman standard.
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