The Most Valuable Coin From The Ancient Roman World

The Most Valuable Coin From The Ancient Roman World

The story of Brutus’ coin celebrating the assassination of Julius Caesar and its lesson for our time

Golden Eid Mar From Roma Numismatics Auction XX — Via coinsweekly.com

“ And in this wise he was stabbed with three and twenty wounds, uttering not a discussion, but merely a groan at the first stroke, though some have written that when Marcus Brutus rushed at him, he said in Greek, ‘ You excessively, my child ? ’ ”

— Life And Death of Julius Caesar ( Act I, Scene II ), William Shakespeare

October 30,2020 may not have been a memorable day for most. But for the coin-collecting world, it was matchless that would go down in the record books. As the gavel sounded it was decided. A certain gold Roman coin was to be transferred for the amazing kernel of 2.7 million pounds ( 3.3 million dollars ). It ’ sulfur adequate to make you wince a morsel. That much for a coin ? What could ever possess person to pay that much for a single coin smaller than a quarter ? While made of gold, its rate goes beyond the metallic. To in truth understand its worth, one must dive into the coin ’ s what, why, and who. Called the “ Eid Mar, ” it ’ s a time machine back to one of the most chaotic periods of ancient Rome, the transfer between republic to empire. But the mint represents another side. It ’ s the version which is rarely tell, cause the faction telling the floor lost the conflict. The man represented on the coin is Marcus Junius Brutus. Plus, Eid Mar ( Eidibus Martiis ) is short-circuit for the Ides of March, or the death day for Julius Caesar. Notice the daggers adenine well. so, this mint is a celebration of one of the most pivotal events in Roman history, from the opposite side of the aisle — the pro-republic slope that wanted Julius Caesar all in. According to Arturo Russo, managing director of the auction house Roma Numisimatics, “ It ’ s invaluable, but it still has a price tag. To have a coin that commemorates such a long-familiar event, such a celebrated consequence, an event that has changed completely the run of history is quite extraordinary. ” Beyond being a mean of currency, coinage can besides be a window into a company. In many ways, it ’ s a calculate mirror image on what ’ s valued. The Eid Mar is an amazing example of this. But before we get to this concluding lesson, we need to examine the coin itself and the perplex period of history surrounding it before we can rightfully understand its respect for our meter.

Brutus And His Symbols Of Victory

“ On the Ides of March I gave my own life to my nation, and since then, for her sake, I have lived another life of familiarity and aura. ” — Marcus Brutus via Plutarch, Life of Brutus

According to Professor James Grout, the back of the coin is the ultimate habit of symbolism in defense of the assassination of Caesar carried out by the pro-republic conspirators. For case, the hat represents the cap given to a release slave. Grout notes one of the assassins wore such a cap to announce their act. The cap was a sign the Roman people were release from a tyrant .Eid Mar Denarius (silver)— By Classical Numismatic Group Via Wikimedia Commons Grout besides explains in Greek the word dagger is much interchangeable with sword. however, swords are more celebrate as a soldier ’ sulfur instrument, while daggers are concealed. In many of the ancient records of the assassination, the words dagger and sword are used interchangeably. One wonders if the conspirators besides used this trick of terminology to make their act look more baronial. The Professor besides notes a course down the center of the blade, showing add forte. so, not a coarse sword ; one wielded with might. The differing hilts may besides mean they ’ rhenium representations of the actual daggers used to kill Caesar. The front of the coin shows a depiction of Marcus Brutus, along with the appoint of the official that minted the coin. An “ IMP, ” which means imperator or air force officer is besides distinctly visible. Eid Mar coins were both minted in silver ( denarii ) and gold ( aurei ). The coins themselves were created to pay soldiers fighting for Brutus and his allies against Mark Antony and Octavian. The imperator gained the gold and silver medal by looting provinces of their funds destined for Rome. While the ash grey coins were used to pay the common soldiers, the amber versions were awarded to esteemed officers. thus, less of the aurei survived. Author Barry Straus in his book The War That Made The Roman Empire says despite having more funds, troops, and provisions, Brutus lost the civil war. Being that the coins represented the loser and murderer of Caesar, Octavian and Antony had the coins melted depressed. This makes them even rarer. But there ’ s something else very noteworthy about the mint besides the rarity. While your eyes may be drawn to the back showing the daggers representing the kill of a celebrated historical figure, the front is evenly important. It represents a stark change in Roman company.

Living Faces And Coins

According to Professor Grout, Julius Caesar was the beginning living person to put their front on a Roman mint. traditionally in the republic, it was considered inappropriate. world power was to be spread among the people. Enemies of Caesar used this neologism as fuel to convince the Roman public he wanted the power of a king. queerly, the serviceman representing the virtues of the democracy, Brutus, besides saw fit to put his face on a coin. soon after, it became much more coarse. Straus notes Mark Antony late minted coins depicting him and his ally / girlfriend Cleopatra equally well. augustus made his own coins excessively. It was if Caesar flipped a switch and suddenly certain things were kosher. The live could put their faces on coins without drawing the wrath of the public. Caesar himself might posthumously smirk to find Brutus besides took separate in the rehearse. furthermore, baron could be concentrated in one person ’ s hands. on the spur of the moment a king wasn ’ triiodothyronine thus atrocious. But there was more. not merely was government concentrated into the hands of one man and celebrated on neologism, but another power besides got put into the hands of an emperor — the value of the currency itself.

Devaluation of the Denarius

Denarius of Octavian and Mark Antony 41 B.C — By Byzantium565 Via Wikimedia Commons Ursula Kampmann at the Money Museum tells the concern narrative of the Roman coin the denarius. It was first gear minted around 211 BC in Republic times. The mint weighed a little over four ounces and was ninety-eight percentage flatware. As world power got digest, and the empire got larger, it developed greater expenses. When expenses exceeded gross, the emperor could either tax the public or sell his own property to cover the expenditures. Neither were appealing. however, being an emperor gave a leader certain privileges with the currency, such as degradation. If each coin were slightly less than ninety-eight percentage flatware, who would know. It would besides allow you to mint more money. After all, the emperor was all knock-down, they could make the rules. As time passed, each emperor used their privilege, barely a little at a clock time. By 260AD, well within imperial Rome, the denarius was alone five percentage silver. Although the government issued the coin, Rome wouldn ’ thyroxine accept it for payment of taxes. The denarius was worthless. The coin was so corrupted, Rome had to exchange it for another based on gold. You might consider the Eid Mar as a beginning for all of this. But it ’ s besides much more than a rare old coin, it ’ s a example for our present day.

The Eid Mar And What Our Society Values

United States Money Supply (M1 from 1960 to Present) — Via St. Luis Federal Reserve I ’ five hundred mentioned earlier, coins and currentness can be an matter to window into what a society values. Our times are no unlike. The average price of diesel fuel in my country is well over six dollars per gallon. shoplifting is besides rising due to dramatic increases in food prices. But there ’ s a doubt we need to answer. Are our prices very rising, or is our money worth less ? The ancient Romans lived in this global, and immediately indeed are we. While we don ’ t have living people ’ mho faces on our money…yet, we do have more concentration of exponent in the hands of a President. then, there ’ s besides the cryptic organization called the Federal Reserve, which can print money at a caprice and debase our denarius when the climate strikes them. But the dollar international relations and security network ’ t the only window into our clock, so is cryptocurrency. abruptly inconspicuous digital money and NFTs are more attractive than hard currency for a dependable part of the populace. then, there ’ second besides collectables, such as the three-million-dollar Eid Mar. The faces on the coins and diminishing silver content should have been a admonition to the Romans. similarly, thefts in our supermarkets and staggering prices to move trucks and ships that carry our goods should be a warn to us. so, you might say the Eid Mar made its appearance at the perfective time. At least in my opinion, I see why it ’ second worth the stagger price on many levels. While Brutus may have had blood on his hands and been ultimately a failure, his coin is a bare reminder to us on what happens when we devalue what should hold value. And no emperor, President, or shady organization with a printing bid can change this. If you ’ d like to read more stories like these, please sign up for my mailing list. I ’ five hundred besides appreciate if you join Medium so you can access other writers like myself. It ’ s well worth the $ 5 per month. I ’ ll besides get a topple for the referral, which I ’ ll happily invest in the most worthless denarius the Roman Empire has to offer.

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