Denarius

Silver (argentum) · ~3.4g · ~90% pure

211 BC – AD 244

The backbone of the Roman economy for five centuries. Worth four sestertii, the denarius was the coin of everyday trade, army pay, and taxation. Its slow debasement — from near-pure silver under Augustus to bronze with a silver wash by the 270s AD — tells the story of Rome's economic crisis in one handful of coins.

Specifications

MetalSilver (argentum)
Typical weight~3.4g
Typical purity~90%
Era211 BC – AD 244

Silver Purity by Emperor — The Debasement Story

The denarius began under Augustus at ~97% silver. Over three centuries, successive emperors reduced its silver content to fund wars and donatives. By the reign of Gallienus (~AD 260) it contained barely 5% silver — a coin in name only. This debasement is the single most important economic story in Roman numismatics.

Augustus
97%
Tiberius
97%
Caligula
97%
Claudius
96%
Nero
93%
Vespasian
90%
Domitian
92%
Trajan
89%
Hadrian
87%
Antoninus Pius
83%
Marcus Aurelius
79%
Septimius Severus
56%
Caracalla
51%
Elagabalus
46%
Severus Alexander
45%
Gordian III
33%
Philip I
28%
Gallienus
5%

⚠️ Approximate values — verify against Butcher & Ponting The Metallurgy of Roman Silver Coinage before launch.

Example Coins