Byzantine Scyphate Bronze coinage in Greece

Abstract

The Byzantine coinage in the twelfth century was of three kinds. There were gold nomismata, with a purchasing power which must have been a good deal greater than that of a present-day five-pound note, and also nomismata of ‘pale gold’—gold alloyed with silver—of lower value; at the other extreme there were bronze coins, smaller than a modern farthing, which were the coinage of the market-place; intermediate, but still of low value, there were coins about the size of a halfpenny, normally made of copper lightly washed with silver. The silvered bronze and the gold were not flat, as are most coins, but saucer-shaped. The reason for their unusual form is not known. Numismatists describe them as scyphate, and refer to the middle denomination in the later Byzantine system of coinage as Scyphate Bronze, to distinguish it from the petty bronze coinage. Scyphate Bronze was first struck under Alexius I (1081–1118). Substantive issues were made by John II (1118–43), and such coinage became extremely plentiful under Manuel I (1143–80) and his successors Isaac II (1185–95) and Alexius III (1195–1203). After the capture of Constantinople in the course of the Fourth Crusade, the successor-states to the Byzantine Empire at Nicaea, Salonica, and in Epirus continued to issue scyphate bronze coinage, although in much smaller quantities, until after the middle of the thirteenth century.