In the 17th-19th centuries, the golden age of medals (
) precious metal medals were could generally be swapped for currency. They were handed out at special occasions, ex. THe coronation of Napoleon. They were worth their equivalent
weight on gold. Bronze medals were more propagander-ish, as by this stage bronze wasnt really worth a thing. I dont know about the ancients, but I have always assumed most ancient medallions were multiples of the everyday
denominations like
sestertii or aes's.
THe multiple solidii of the 4th century were basically medallions isued on special occasions.
LordBest.