Thursday, December 3, 2015

AES “Money” from Republican Rome and Central Italy

AES “Money” from Republican Rome and Central Italy
EEM 12/2/15
The story of the founding of Rome; April 21, 753 BC; is based on several oral traditions that were put in writing centuries later. Roman scholar Marcus Terentius Varro chose the date in the first century B.C.
Historians say that a wave of immigrants entered Italy from Asia about 2000 BC and again about 1000 BC. The second wave probably settled around Rome. Archeological records say that central Italy around Rome was populated from the 1000 BC.

The early Romans were primarily subsistence farmers. They did not have significant wealth in the form of gold or silver and made transactions by barter. Early fines were recorded in cows and sheep. In the fifth century, fines were converted to bronze asses.  
1 Cow = 100 Asses
1 Sheep = 10 Asses
1 As = 1 Roman pound of bronze, or
1 As = 330 grams = 11.6 ounces

Coins were invented in the 7th century BC by the Kingdom of Lydia (now western Turkey). They quickly spread to the independent city states of Ionia and Greece (the Aegina turtle, the Athens owl, and others). Coins were used to facilitate trade. It also made it easier to pay mercenary armies. See four examples from Lydia, Ionia, Persia and Athens.

Roman armies were drawn by family or clan. Only men who could afford to buy arms and armor were drafted and allowed to fight. The richest could afford horses and became the cavalry. When an army was needed soldiers left their farms, fought for a short time and returned to their farms. Rome did not pay its armies until 405 BC during the ten year long siege on Vei. In 405BC Rome did not mint coins and would have used barter (bronze by weight) or coins from Greece or Greek colonies in Italy.

AES Rude are irregular shapes of bronze that were traded by weight. In Latin, AES Rude = Rough Bronze. Some of the AES Rude are pieces broken from cast plates or bars. Other pieces look like they were formed individually and have irregular surfaces.

My wife asked how I know they are not just rocks. I said, "faith in the supplier, looks and weight/SpGr.... and there is no way to know for sure."

 

AES Formatum are bars with no features. They are normally identified in ratios of Roman pounds, or equivalent Asses.
 
Aes formatum, VIII-IV cent BC, Artemide Aste, 2.5 asses
This lot has a piece of AES Formatum in the upper right corner. The others are pieces of AES Signatum and AES Grave, see below.

AES Signatum are bars with features. Whole bars with features are rare and expensive. A few examples are:

2 chickens / 2 tridents; Crawford 12/1; 270 BC
Sold by NAC in 2009 for $125M


Fragment of "ramo secco" bar, 3rd cent BC
 Sold by NAC in 2003 for $4M

Bull / Bull; Crawford 5/1; 270 BC
Andrew McCabe Collection

Pieces of Ramo Seco bars



AES Grave are cast bronze coins. They were based on an As of one Roman pound of bronze. There were multiples and fractions:
X = Decussis = 10 Asses
V = Quincussis = 5 Asses
III = Tressis = 3 Asses
II = Dupindius = 2 Asses
I = As = 12 unciae = 300 oz. bronze
S = Semis = 6 unciae
4 dots = Triens = 4 unciae
3 dots = Quadrans = 3 unciae
2 dots = Sextans = 2 unciae
1 dot = Uncia
Sigma = Semiuncia, or less than uncia

 
Roman Republican. Libral standard. Janus/Prow As, 225-217 B.C.
Obv.: Head of Janus. Rev.: Prow right.
Crawford 35/1. TV 51.
AE (bronze); 258 gr; 63mm; gVF
Artemide Aste


  
Roman Republican. Post Semi Libral standard. Janus/Prow As, 215-212 B.C.
Obv.: Head of Janus. Rev.: Prow right.
Crawford 41/5a. TV .
AE (bronze); 71 gr; 39mm; XF
Artemide Aste


The small coins at the top left of the display are a few Greek coins that predate Roman coinage.
From left to right is a chronological display of AES or bronze “money” from Rome and Central Italy.
The Aes Rude shown here are from central Italy. Some could be Roman at the time they were produced, but more likely were areas outside of the original seven hills that made up the city of Rome. All of these areas eventually became part of Rome. Some of the Aes Rude are broken pieces of bronze. Larger broken pieces are grouped in the AES formatum and signatum section in the middle surrounding a 746 gram cast bar = 2.5 Asses. Two small pieces of Ramo Secco bar are to the right of the largest bar. Cast coins are, from left to right, oldest to newest, and from top to bottom: As, Semis, Triens, Quadrans, Sextans, Uncia and semi-uncia. The set are Crawford 35's, 225 to 217 BC. You can see the weight reduction due to a shortage of bronze in the second Punic war in the As and Semis on the top right.

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