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In this volume, Erik Christiansen uses Alexandrian coin hoards to explore the use of money in Egypt from its conquest by Augustus in 30 BC to Diocletian's currency reform in AD 296. Although these finds, with their wide array of Graeco-Roman and Alexandrian reverses, have traditionally been classified as a part of Greek coinage, he demonstrates clearly that they belong to the Roman imperial coinage. The hoards also show that Roman Egypt enjoyed a widespread monetized economy, in addition to the credit system described in extant papyri. The relative abundance of such documents provides Christiansen with a good supplemental source of information for his conclusions. And since financial administration is known to have been quite uniform throughout the empire, this book provides a useful window on not only Rome's shifting economic fortunes but also monetary policy in other provinces, which did not leave behind the rich heritage of coins and documents that Egypt did.
Coin Hoards and Hoarding in the Roman World presents fourteen chapters from an interdisciplinary group of Roman numismatists, historians, and archaeologists, discussing coin hoarding in the Roman Empire from c. 30 BC to AD 400. The book illustrates the range of research themes being addressed by those connected with the Coin Hoards of the Roman Empire Project, which is creating a database of all known Roman coin hoards from Augustus to AD 400. The volume also reflects the range of the Project's collaborations, with chapters on the use of hoard data to address methodological considerations or monetary history, and coverage of hoards from the west, centre, and east of the Roman Empire, essential to assess methodological issues and interpretations in as broad a context as possible. Chapters on methodology and metrology introduce statistical tools for analysing patterns of hoarding, explore the relationships between monetary reforms and hoarding practices, and address the question of value, emphasizing the need to consider the whole range of precious metal artefacts hoarded. Several chapters present regional studies, from Britain to Egypt, conveying the diversity of hoarding practices across the Empire, the differing methodological challenges they face, and the variety of topics they illuminate. The final group of chapters examines the evidence of hoarding for how long coins stayed in circulation, illustrating the importance of hoard evidence as a control on the interpretation of single coin finds, the continued circulation of Republican coins under the Empire, and the end of the small change economy in Northern Gaul.
The first economic history of ancient Egypt employing a New Institutional Economics approach and covering the entire pharaonic period, 3000-30 BCE.