Brill’s New Pauly

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Small coins, shortage of
(1,175 words)

[German version]

In the early period of the history of Greek money, despite the limited number in circulation, there was no shortage of small coins, since to a great extent everyday dealings were probably still conducted without coins. A shortage arises in developed money economies when the minting or supply of small coins fails. This could happen more easily in ancient economies than in the present day since minting served the needs of the state (seigniorage, payments to mercenaries) more than those of the economy; the minting of small coins yielded little pro…

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Klose, Dietrich (Munich), “Small coins, shortage of”, in: Brill’s New Pauly, Antiquity volumes edited by: Hubert Cancik and , Helmuth Schneider, English Edition by: Christine F. Salazar, Classical Tradition volumes edited by: Manfred Landfester, English Edition by: Francis G. Gentry. Consulted online on 15 May 2021 <http://dx.doi.org/10.1163/1574-9347_bnp_e615480>
First published online: 2006
First print edition: 9789004122598, 20110510



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