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Paestum, a city of Lucania (now a province of Naples) called by the Greeks Posidonia, situate on the shore of the Mediterranean. - "This city, " says Eckhel, "when under the government of its own laws, struck many coins with its Greek name Posidonia. But once established as a Roman colony it was called on its coins Paestum, in the old Latin form of letters and orthography. And from the time of its receiving the rights of a colony, no coins of Paestum exist, except brass ones, and those with Latin inscriptions, whence it appears that to their colonies no privilege was given by the Romans for the coinage of gold and silver, but solely of brass." [Num. Vet. p. 39]
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