Sestertius Sestertius The sestertius (plural sestertii), or sesterce (plural sesterces), was an ancient Roman coin. During the Roman Republic it was a small, silver coin issued only on rare occasions. During the Roman Empire it was a large brass coin. The name "sestertius" means "two and one half", referring to its nominal value of two and a half "asses" (a bronze Roman coin, singular "as"), a value that was useful for commerce because it was one quarter of a denarius, a coin worth ten "asses". The name is derived from "semis", "half" and "tertius", "third", in which "third" refers to the
Coin cast bronze pieces for use in Central Italy. The first Roman coins, which were crude, heavy cast bronzes, were issued c. 289 BC. The first European coin to use Arabic numerals to date the year in which the coin was minted was the St. Gall silver "Plappart" of 1424. Most coins presently are made of a base metal, and their value comes from their status as fiat money. This means that the value of the coin is decreed by government fiat (law), and thus is determined by the free market only in as much as national currencies are used in