About Denarii (Roman Republic)
|(This page is maintained by the Aediles)|
What is Denarii?
In the ancient Roman currency system, the denarius (plural: denarii) was a small silver coin first minted about 211 BC during the Second Punic War. It became the most common coin produced for circulation but was slowly debased in weight and silver content until its replacement called the antoninianus, early in the 3rd century AD. The word denarius is derived from the Latin deni "containing ten", as its value was originally 10 asses in value, although in the middle of the 2nd century BCE it was recalibrated so that it was worth sixteen asses or four sestertii.
In the modern Roman Republic the denarius is the primary currency unit; however, it does not act exactly like a currency in the traditional sense. Denarii are granted to citizens in recognition of their contributions to Roman Restorationism through the Roman Republic. Therefore, Denarii represents recognition of activity and contribution rather than an actual monetary value. Because there are multiple way one can contribute to the Roman community there are numerous way to obtain denarii. Some of these ways are:
I) Donating to the Roman Republic
II) Completing jobs posted in the marketplace by other citizens
III) Serving as a magistrate or assistant to a magistrate
IV) Participating and winning competitions in the games (Ludi)
V) Organizing face-to-face events
VI) Attending face-to-face events
VII) Paying annual membership dues/tax
VIII) Running a successful Roman business by offering a service needed by other citizens
What is Denarii used for?
Denarii is useful for two main things. First, the amount of denarii you hold determines century assignment within the Comitia Centuriata. Therefore, holding more denarii allows for an increased say in determining the future direction of the Roman Republic. This same system was used in antiquity. More importantly, denarii allows you to pay for services within the marketplace. This can greatly help you launch your own projects. Do you need a Latin translator? Do you need an expert in Roman reenactment? Do you need a website built or require assistance publishing a work? All these services and more could be offered for sale in the marketplace. Therefore, Denarii helps facilitate cooperation and collaboration between citizens. Such collaboration and privately driven projects are the core of our community.
How do I trade Denarii?
- To donate for denarii go here
- To pay your annual fee / tax go here (note: if tax is paid for this year, you cannot pay again and button will not appear)
- To visit the marketplace go here
Please visit this page to see terms.
How is Denarii Regulated
The aediles are responsible for managing the marketplace and consequently the daily circulation of denarii. Every denarii awarded or traded between citizens is tracked by our administration system. This provides security of transactions and prevents abuse. Any disputes in the trade of denarii are to be mediated by the aediles. Any issues that cannot be resolved by the aediles are to be mediated by the praetors in accordance with the mediation policies of the bylaws of the Roman Republic.
Other policies governing denarii are under the direction of the Senate and the Comitia Centuiriata.