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Currency was traditionally made of precious metals which often gave them a rather high starting point of value. It also made them inflation resistant meaning th
by somenameforme 2y ago
Currency was traditionally made of precious metals which often gave them a rather high starting point of value. It also made them inflation resistant meaning the real value only grew over time. For instance in the Roman Empire an aureus [1] was worth 25 denarii (prior to inflation) and was about 2cm in size, so roughly the same size as a dime, made of pure gold. And a denarius was worth about a day's wages. So you could comfortably hold decades of wages in a small coin purse. And as inflation ravaged the Empire a single aureus gradually came to be worth thousands of denarii.
[1] - https://en.wikipedia.org/wiki/Aureus https://en.wikipedia.org/wiki/Aureus