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How much a denarius buys nowdays?

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How much a denarius buys nowdays?

Unread postby Pretorian » Thu 09 Nov 2006, 16:38:13

here is an authentic republican denarius, 84 BC. This one is not mine but I have exactly same coin in same condition in my collection.
Silver, 3.65 grams, 85-90% purity.

So... Lets play a game.. What would you give me for it ? A loaf of bread? Steak? A used shirt? Whatever it is , even if its a glass of filthy water , just type it in.

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Last edited by Pretorian on Thu 09 Nov 2006, 16:43:46, edited 1 time in total.
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Re: How much a denarius buys nowdays?

Unread postby AgentR » Thu 09 Nov 2006, 16:41:03

I'd cut you a deal and give you a bushel of corn.
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Re: How much a denarius buys nowdays?

Unread postby Denny » Thu 09 Nov 2006, 17:47:05

If I was just interested in the silver, $1.50.

But, wow what an heirloom. So, I'll give you $3.
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Re: How much a denarius buys nowdays?

Unread postby Novus » Thu 09 Nov 2006, 17:58:21

A Denarius was roughly equal to one days' wage so in today's terms for real people it is worth about $100.
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Re: How much a denarius buys nowdays?

Unread postby Daculling » Thu 09 Nov 2006, 18:07:36

1 five gallon bucket of grain.
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Re: How much a denarius buys nowdays?

Unread postby gnm » Thu 09 Nov 2006, 18:08:07

Interestingly if I search on price it appears that a denarius is worth between US $80 and $150 in the coin markets so imagine that! It hasn't changed much.

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Re: How much a denarius buys nowdays?

Unread postby Pretorian » Thu 09 Nov 2006, 19:39:05

Well, it depends on denarius. They were minted for 400 years. Right now denarii of Gordian III ( around 240-246 AD ) are plentiful at $10-20, anf the upper prices of them are in tenths of thousands and more .
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Re: How much a denarius buys nowdays?

Unread postby Pretorian » Thu 09 Nov 2006, 19:51:50

$this->bbcode_second_pass_quote('Daculling', '1') five gallon bucket of grain.


Hmm, in Rome, it could buy barely 1 modius ( 6.67 kg ) of wheat, I'd say more like 0.6-0.7, in provinces-- 1-2 modiuses , and in Egypt up to 4-5 modiuses ( 26-33kg)
More than double of that in rye
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Re: How much a denarius buys nowdays?

Unread postby Laughs_Last » Thu 09 Nov 2006, 20:17:54

[deleted by author]t]
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Re: How much a denarius buys nowdays?

Unread postby Aimrehtopyh » Sat 11 Nov 2006, 01:39:22

A pound of lentils or pasta or a jar of peanut butter or three shotgun shells or a quart of milk or ten home-rolled filter cigarettes maybe half a gallon of go-juice or a double A battery, or I could wash your cars windows or let you use my computer (and broadband) for about an hour.
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Re: How much a denarius buys nowdays?

Unread postby rogerhb » Sun 12 Nov 2006, 04:35:41

You can have one thirtieth of some chap who claims to be the saviour of the world, or something, he's a bit odd.
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Re: How much a denarius buys nowdays?

Unread postby Pretorian » Fri 19 Jan 2007, 12:56:01

Round 2.
This one is a bit heavier, a 4 drachms coin, 16.79g. About the same age- minted in october of 85 BC.
So... will we just multiply previous stuff by 4-5? Or what? :)









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Re: How much a denarius buys nowdays?

Unread postby rostov » Fri 19 Jan 2007, 15:39:33

Maybe 5 bags (1kg) of white garlic so that I can melt it into silver pellets and reload for my 12ga against vampires....

Just joking.

Currently I'll offer 200 rounds of .308 fmj. In 5 years time maybe 50 rounds. Offer while stock (and times) last
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Re: How much a denarius buys nowdays?

Unread postby Aimrehtopyh » Fri 19 Jan 2007, 17:10:05

One large can of coffee (39oz) or
25lb bag of edible salt or
430 old copper pennies or
3 cans spam or
3 rolls tin foil (50 sq. ft. ea.) or
two or three rounds of .50 BMG or
350 rounds of .22lr or
a hot shower a burger and a beer
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Re: How much a denarius buys nowdays?

Unread postby Pretorian » Mon 22 Jan 2007, 03:39:39

$this->bbcode_second_pass_quote('Aimrehtopyh', 'O')ne large can of coffee (39oz) or
25lb bag of edible salt or
430 old copper pennies or
3 cans spam or
3 rolls tin foil (50 sq. ft. ea.) or
two or three rounds of .50 BMG or
350 rounds of .22lr or
a hot shower a burger and a beer


Look guys I understand pragmatism and dog eat dog stuff, but there are should be limits for this at least in theory. If the first coin is just a piece of history, a coin which could be handled by Cicero, Spartacus, Caesar, Mark Antony or Augustus and surely by someone who knew them personally, the 4 drachms coin is also a masterpiece of art for Crist sake. The art which basically disappeared after Greece lost its power. Forever, despite that coins are still minted. Is this where are we going to? What are all those Rafael's , Rembrandt's , Michelangelo's paintings worth then, their BtU equivalent in wood?
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Re: How much a denarius buys nowdays?

Unread postby Aimrehtopyh » Mon 22 Jan 2007, 20:59:45

Ok, Ok, so it's a piece of art. Out of respect for art I'll throw in a box of crayons. Starving connoisseurs are so damn funny.

If somebody is offloading antiquities during an obvious crisis (personal or national) the buyer can expect to pay bargain basement prices right?
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Re: How much a denarius buys nowdays?

Unread postby Pretorian » Tue 23 Jan 2007, 09:25:57

During national may be, doubt about personal. Last time you could get at a bargain was 1942 in Leningrad. But again , those 2 pounds of bacon were almost as rare as an old painting, so it was more like a good deal no more than that. And, there is a difference between 2 pounds of bacon and 430 copper pennies, which will not get you that bacon even now.
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Re: How much a denarius buys nowdays?

Unread postby max_power29 » Tue 23 Jan 2007, 09:33:42

$this->bbcode_second_pass_quote('Pretorian', '')$this->bbcode_second_pass_quote('Aimrehtopyh', 'O')ne large can of coffee (39oz) or
25lb bag of edible salt or
430 old copper pennies or
3 cans spam or
3 rolls tin foil (50 sq. ft. ea.) or
two or three rounds of .50 BMG or
350 rounds of .22lr or
a hot shower a burger and a beer


Look guys I understand pragmatism and dog eat dog stuff, but there are should be limits for this at least in theory. If the first coin is just a piece of history, a coin which could be handled by Cicero, Spartacus, Caesar, Mark Antony or Augustus and surely by someone who knew them personally, the 4 drachms coin is also a masterpiece of art for Crist sake. The art which basically disappeared after Greece lost its power. Forever, despite that coins are still minted. Is this where are we going to? What are all those Rafael's , Rembrandt's , Michelangelo's paintings worth then, their BtU equivalent in wood?


Beauty is in the eye of the beholder. I love art but dont think it is worth as much as rich people pay for originals.
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Re: How much a denarius buys nowdays?

Unread postby Aimrehtopyh » Tue 23 Jan 2007, 14:38:58

The copper in those pennies is currently equal in value to the silver in your 4 drachm coin, FYI.

This brings up an interesting point in regards to the preservation of art, culture and knowledge during a crisis. Let's say that you foresaw the burning of the library of Alexandria, but could only rescue $1000 worth of books. Do you rescue a single original copy from your favorite author or do you bring home cheap recent reprints of all his works?

This is an "equation" separate from the one I applied when calculating the barter value of your silver coin. If you are interested in preserving art you should be buying it not selling it. And when I'm buying, to me you are goodwill or a garage sale, not southebys.

A personal crisis can most certainly affect the price you can fetch. If the buyers at your art auction (or the guy at the pawn shop) get the idea that you're desparate and might be selling your grandmother next they are going to bid low. A personal crisis is just easier to hide from your buyers than a national one.

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Re: How much a denarius buys nowdays?

Unread postby Pretorian » Tue 23 Jan 2007, 19:08:04

$this->bbcode_second_pass_quote('Aimrehtopyh', 'T')he copper in those pennies is currently equal in value to the silver in your 4 drachm coin, FYI.

This brings up an interesting point in regards to the preservation of art, culture and knowledge during a crisis. Let's say that you foresaw the burning of the library of Alexandria, but could only rescue $1000 worth of books. Do you rescue a single original copy from your favorite author or do you bring home cheap recent reprints of all his works?

This is an "equation" separate from the one I applied when calculating the barter value of your silver coin. If you are interested in preserving art you should be buying it not selling it. And when I'm buying, to me you are goodwill or a garage sale, not southebys.

A personal crisis can most certainly affect the price you can fetch. If the buyers at your art auction (or the guy at the pawn shop) get the idea that you're desparate and might be selling your grandmother next they are going to bid low. A personal crisis is just easier to hide from your buyers than a national one.

Mogambo on Kitco, trippy.


I know your point about your pennies, but if you are so aware you should know that you will never, ever, get a spot price for copper for those pennies. Not even close. For silver- -rarely, but still very possible.

About library-- you cant really compare knowledge and art.


Personal crisis-- here is an example for you . That equivalent of 430 coper pennies is for sale right now, at around $7000. Yes, yes ancient coins retail dirt-cheap comparing with not really rare american coinage. Market. So, it would take 3-4 months to sell that coin at that price. It might take 2-3 years to sell it at 10K. If a buyer will have a personal disaster, he will list that coin on Ebay or other auction and will get $4-4.5-5 K within a few days. 3-3.5K within 30 minutes if he is known in that field. Or may be he will donate it to Smithsonian museum and will write off some 20-30K from his taxes. Why not? Coins like that are almost unique and therefore priceless. If a pawnshopper or whoever will offer a low price during such a personal crisis, he will just go to another pawnshopper
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