137 BC would have paid a legionary soldier for about three days and bought enough wheat to bake his daily bread for nearly a month. The wars of the third century resulted in an end of this stability frequently raising prices to levels where ordinary workers were reduced to near subsistence levels. These prices are really rather stable when compared to the inflation that the modern world has experienced during the century now ending. By the time of Caesar it was 12 asses under Nero it could be as much as 2 denarii (32 asses). In the early years of coinage, the 'Just Price' was about 4 asses per modius. Politicians and those who would be public benefactors could gain considerable status by insuring the availability of grain in the market even to the point of buying high priced grain and reselling it at a loss as a public service. The Roman mind placed importance on a concept of 'Just Price' feeling wronged if grain was not available at this price (or less). A modius would bake up into roughly 20 one pound loaves of bread so it would provide the needed bread for ten days.

While loaves of baked bread were available in the market, most evidence on prices that have come down to us refer to the standard measure for wheat, the modius (about two gallons). The average Roman adult male ate two pounds of wheat bread each day. The Roman diet was very dependent on grain. This denarius of Septimius Severus shows a modius filled with fruit as the reverse type. Being finished with the disclaimer section, the remainder of this page will look at a few examples of wages and prices that might be of interest. In some cases this can lead to seeming contradictions but considering the variations in wages and prices we see from place to place and day to day today, the Roman monetary structure almost seems stable. We have relatively few organized price lists but have to piece what we know together from the occasional mention in surviving documents. Surviving records of wages and prices are, at best, spotty. We can compare food to food but we must be very aware that the dietary expectations of days gone by prevent answering questions on the price in denarii of a pepperoni pizza. The worst problem of all, however, is the fact that there are very few things that were purchased by the average Roman that are still a common item of commerce today. This is exactly like the situation in modern days when we see differences in the price of fresh fruit in Florida, New York City and Alaska. Prices and wages varied across the Empire with prices in Rome being much different than in a small town in Syria. We can not consider 'Ancient Rome' as a single time but have to realize that any answers that apply to the time of Augustus may be totally inappropriate for the same question in the time of Constantine or even Trajan. Over that period the ups and downs of inflation and recession operated exactly like they have over the years from 1300 to 2000 AD. In the first place, Rome used coins for a period of over 700 years. Gold was probably used mostly for large purchases by the wealthy with the common man rarely having this much money at one time. This gold aureus of Marcus Aurelius was worth 25 silver denarii and would represent a month's pay to a legionary soldier. What most folks want is a number like an exchange rate to the effect that a denarius was worth exactly $20US. These include 'How can I clean my junk box coins and make them look like new?' and the subject of this page 'How much were my coins worth back then?' At least most folks have read my index page where I posted my refusal to address the collector value of your coins (I don't do appraisals!!!) but questions on buying power are a fair, but difficult, subject. Most of the time I enjoy the mail that results from these pages but I must admit I dread the regular appearance of questions that I can not answer. What were my Roman coins worth 'back then'?

Marcus aurelius denarius value