Abstract
The legendary nature of early Roman history as given by the writers of the Augustan age has been generally recognised; but, rather curiously, this recognition has not been applied to the consideration of the Italian and Roman monetary systems. The result is that even in the monumental work of Haeberlin on the aes grave the, chronological arrangement has been hopelessly confused by what is virtually an antedating of the predominance of Roman influence in Italy. There are doubtless kernels of truth in some of the traditions, such as the account given by Pliny of the origin of Roman currency, which was presumably an article of popular belief at Rome in his time: but a sharp distinction must be drawn between such traditions and the details which he and Livy give about the developments of money and circulation in the period for which they could find documentary evidence.
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