Project description
Decoding economic history from Greek and Roman coins
Silver coinage formed the backbone of state finance in classical antiquity. Historians take the fineness and quality of the coins as an indicator of the fiscal health of the issuing state. Still, very little is known about the chemical composition of the coins. Prior analyses fail to answer key questions. The EU-funded RACOM project aims to examine the financial and monetary strategies of Mediterranean states from c. 150 BCE to a major coinage reform in c. 64 CE by providing a detailed and reliable set of analyses of the chemical composition of all major silver coinages of that period. The project will also evaluate two new non-destructive sampling techniques to see how they compare with established protocols.
Objective
Silver coinage formed the backbone of state finance in Classical antiquity. The fineness and quality of a coinage is often taken by historians to be a comment on the fiscal health of the issuing state, yet very little is really known about its fineness and chemical composition, and many of the existing analyses are inadequate to answer key questions. Samples for analysis are commonly taken from the surfaces, or from just beneath the surfaces, of silver coins, and these are not representative of the original alloys used, leading to erroneous estimates of overall composition. The aim of the project is to examine financial and monetary strategies from c. 150 BCE to a major coin reform in c. 64 CE – a period that witnessed the creation of an overarching currency for the Mediterranean world and increasing monetisation – by providing a detailed and reliable set of analyses of the chemical composition of all major silver coinages of the period, obtained by taking samples from deep within the coins. It will also evaluate two new, non-destructive techniques to see how they compare with established protocols. The period witnessed a major increase in long distance trade and probably also economic growth and a rise in per capita income. Roman conquest led to greater economic and monetary integration of the Mediterranean area, and Rome’s apparent currency monopoly may have had its own consequences for the development of coinage and management of finances. Flows of precious metals to Rome and other important centres of power helped to finance Roman expansion, and understanding the chemical composition of silver coinage will transform our understanding of Roman monetary strategy as an instrument of imperialism.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- humanities history and archaeology history ancient history
- natural sciences chemical sciences inorganic chemistry transition metals
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
ERC-ADG - Advanced Grant
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2018-ADG
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
CV4 8UW COVENTRY
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.