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History Egypt Antoninus Pius
Adopted by Hadrian as his heir with a smooth transition to power. Although
the empire was in a period of prosperity the tetradrachms of Egypt were
of low silver content because Egypt did not produce or have easy access to silver. The people
of Egypt freely accepted the debassed coins at par value with a Roman denarius,
although the metal value of the coins was substantially below the official
worth of the coin. Future emperiors tried to use this acceptance as the
justification for debassing coins elsewhere, but unlike Egypt debasement
of coins always led to inflation.
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