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The new coinage issued consisted of copper coins of 1, 2, 5 and 10 lepta, with the 5- and 10-lepton coins bearing the names obolos (ὀβολός) and diobolon (διώβολον), respectively; silver coins of 20 lepta, 50 lepta, 1 drachma, 2 drachmae and 5 drachmae and gold coins of 5, 10 and 20 drachmae. (Very small numbers of 50- and 100 ...
The drachma was the standard unit of silver coinage at most ancient Greek mints, and the name obol was used to describe a coin that was one-sixth of a drachma. [2] The notion that drachma derived from the word for fistful was recorded by Herakleides of Pontos (387–312 BC) who was informed by the priests of Heraion that Pheidon , king of Argos ...
In 1970 the Greek junta regime issued a number of commemorative coins with the coup d'état of 1967 as a topic. 50 drachmas, silver and copper, phoenix, soldier, 21 April 1967; 100 drachmas, silver and copper, phoenix, soldier, 21 April 1967; 20 drachmas, gold and copper, phoenix, soldier, 21 April 1967
The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the Aeginetan stater or didrachm of 12.2 g (7.8 dwt), based on a drachma of 6.1 g ...
The Aeginetan standard, based on the coinage issued by Aegina had a stater of 12.4 g, which was divided into a half-stater or drachma of 6.2 g, a quarter-stater of 3.1 g, and twelve obols of 1.0 g each. [2] [1] This was the main trading standard in the Greek world in the Late Archaic period. In the second half of the sixth century BC, the ...
The silver coinage is based on the weight of the Roman Denarius or Greek Drachma, [1] as the adjacent areas around Nabataea used the Greek weight system, it is presumed the coins are of this standard. The local name of the denominations are not known so the Latin denarius and Greek drachma equivalents are used interchangeably.
The tetradrachm (Ancient Greek: τετράδραχμον, romanized: tetrádrachmon) was a large silver coin that originated in Ancient Greece. It was nominally equivalent to four drachmae . [ 1 ] Over time the tetradrachm effectively became the standard coin of the Antiquity , spreading well beyond the borders of the Greek World.
During this era, an obol purchased a kantharos and chous (3 L or 100 US fl oz) of wine. [8] Three obols was a standard rate for prostitutes. In the 4th century BC, bronze obols were first minted, which were generally larger due to bronze being a less precious metal than silver, thus needing a larger amount to produce an equivalent coin.