POSTUMUS AE orichalcum sestertius. Dated issue, Emperor standing. Laureate sestertius 're-valued' into a radiate double sestertius! Interesting altered coin.

Ancient Coins - POSTUMUS AE orichalcum sestertius. Dated issue, Emperor standing. Laureate sestertius 're-valued' into a radiate double sestertius! Interesting altered coin.
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POSTUMUS AE orichalcum sestertius. Struck 260-261 AD. Laureate sestertius re-valued to a radiate double sestertius. IMP C POSTVMVS P F AVG, laureate, (and radiate!), draped & cuirassed bust right. Reverse - P M TR P COS II P P, Emperor standing left, holding globe & scepter, S C in fields. RIC 106. 30mm, 16.1g.
 
Three deep gouges have been hand-carved into this interesting example, a clumsy attempt to take a larger, earlier laureate sestertius of Postumus and double its value. This was done to larger laureate coins issued early in the reign of Postumus, to keep up with rampant inflation. The mints of Postumus would continue to issue smaller and smaller coins for both the sestertius and double sestertius (as well as declining standards for the antoninianus), leading to an interesting case where the larger coins were tacitly accepted as double sestertii based on their weight. 
 
A most curious example of 'quantitative easing' and its effects, during a period of very high inflation.
Prezzo SKU : postumus120
US$ 195.00
  • € 166.16
  • £ 146.06
  • AUD 257.59
  • CHF 193.52
  • CAD 250.76

Quotazione: 12/13/17

Invia da: Canada