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This issue is interesting in that it demonstrates noble intentions on the part of the young Nero. The presence of EX SC (by decree of the Senate) on this and other early coins of his reign was a result of a deliberate change in imperial policy. Although under Augustus the bronze coinage bore the mark SC as a recognition of the Senate's historical role in coinage and as proof of his desire to work together with the Senate for the good of Rome. Nero decided that the Senate should be granted a say in the coining of gold and silver. And as a result the formula SC appears on his coins until AD 64 when this Senatorial privilege was revoked.
The exclusion of the Senate from responsibility for the gold and silver coinage may have been a political expedient, required in the aftermath of the Great Fire of Rome which began on 18 July and burned for five days.
According to Tacitus, Nero's response was commendable. Upon hearing news of the fire, Nero returned to Rome from Antium to organize a relief effort, which he paid for from his own funds, and personally took part in the search for and rescue of victims of the blaze. He opened his palaces to provide shelter for the homeless, and arranged for food supplies to be delivered in order to prevent starvation among the survivors.
The cost to rebuild the city was immense, requiring funds the state treasury did not have. Nero therefore devalued the Roman currency for the first time in the Empire's history, reducing the weight of the denarius from 84 per Roman pound to 96. He also reduced the silver purity from 99.5% to 93.5%.
Nero. Áureo. 60 a.C. Roma. (Ric-30). (Cal-432). Anv.: NERO CAESAR AVG. IMP. Busto desnudo a derecha. Rev.: PONTIF MAX TR P VIII COS IIII P P, en campo EX-SC. Marte, Virtud o Roma en pie a izquierda con parazonium y lanza y su pie derecho sobre coraza. Au. 7,60 g. Aureus. Magnificent portrait struck in high relief with lovely toning and finest style. Very rare, even more in this grade. Unirculated/Almost uncirculated. Est...18000,00.
SOLD: 15.500 €
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