Anno Testimonii
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The silver drains from Rome's coin; the price edict

THE HISTORICAL RECORD  ·  3rd century AD (the crisis…  ·  Europe

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In the 3rd-century crisis the Roman antoninianus, introduced by Caracalla at a nominal two denarii, was alloyed until little silver was left; Britannica says the coins tell their tale as clearly as Germany's paper money after 1919. In 301 Diocletian's Edict on Maximum Prices blamed profiteers, fixed maximum prices and wages on pain of death, and was largely ignored within a few years.

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