![]() This unique gold aureus of Augustus Caesar realized $781,675 U.S. | Augustus (29 BC – 14 AD) decreed the value of the sestertius as 1/100th of an aureus. The aureus was decreased to 1/45th of a pound (7.3 g) during the reign of Nero (54–68). After the reign of Marcus Aurelius (161–180) the weight fell to 1/50th of a pound (6.5 g). | ![]() |
![]() | The solidus was introduced by Diocletian (284–305) around 301 AD, struck at 60 to the Roman pound (5.5 g) and with an initial value equal to 1,000 denarii. The solidus was reintroduced by Constantine I (306–337) in 312 AD, permanently replacing the aureus as the gold coin of the Roman Empire. The solidus was struck at a rate of 72 to a Roman pound of pure gold, 4.5 grams of gold. Inflation was affected by the debasement of the silver denarius, which by the mid-3rd century had practically no silver left in it. |
See ----->Decline of Roman Silver Coinage