Note 523 — Chapter I · CONSTANTINOPLE IN THE SIXTH CENTURY[3] (continued 2)

The value of money in relation to the necessaries of life, always a shifting quantity, was not very different in these ages to what it is at present. To give a few examples: bread was about the same price, common shoes cost 1s. 6d. to 5s. a pair; a workman, according to skill, earned 1s. 6d. to 4s. a day; see Dureau de la Malle, Econ. polit. des Romains, Paris, 1840; also Waddington’s Edict of Diocletian; an ordinary horse fetched £10 or £12; Cod. Theod., XI, i, 29, etc. On the Byzantine coinage see Sabatier, Monnaies Byzant., etc., Paris, 1862, i, p. 25, et seq. An imperfect, but so far the only comprehensive work; cf. Finlay, Hist. Greece, i, p. 432, et seq. Mommsen’s work also gives some space to the subject. False coining and money-clipping were of course prevalent in this age and punishable capitally, but there was also a class of magnates who arrogated to themselves the right of coining, a privilege conceded in earlier times, and who maintained private mints for the purpose. In spite of legal enactments some of them persisted in the practice, and their penalty was to be aggregated with all their apparatus and operatives to the Imperial mints, there to exert their skill indefinitely for the government; Cod. Theod., IX, xxi, xxii. Their lot suggests the Miltonic fate of Mulciber: