Aureus: Difference between revisions

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Due to runaway inflation caused by the Roman government issuing base-metal coinage but refusing to accept anything other than silver or gold for tax payments, the value of the gold ''aureus'' in relation to the ''denarius'' grew drastically. Inflation was also affected by the systematic debasement of the silver ''denarius'', which by the mid-3rd century had practically no silver left in it.
 
In 301, one gold ''aureus'' was worth 833⅓ denarii; by 324, the same ''aureus'' was worth 4,350 ''denarii''. In 337, after Constantine converted to the ''solidus'', one solidus was worth 275,000 ''denarii'' and finally, by 356, one solidus was worth 4,600,000 ''denarii''.