A while back I discussed a comment I read saying that when Caesar crossed the Rubicon, the Roman treasury held 17,410 pounds of gold, 22,070 pounds of silver and 6,135,400 sesterces.
I made a bunch of wild assumptions and estimated that volume of precious metals would be worth about $361M at today’s market prices.
See my post How much wealth was in the Roman treasury in 49 B.C.? How about annual tax revenue under Augustus? I’m going to cross-post this discussion and that previous post to my other blog, Outrun Change.
A reader, Caleb, has expanded the discussion by indicating he thinks the value of gold was dramatically higher back then in relative terms that it is today. He estimates gold was around $7,000 an ounce in today’s dollars. See his comments at the above post for further explanation.
I enjoyed his comments so much I decided to create new post in order to extend the discussion.