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In ancient Greece, it was generally reckoned as 1 ⁄ 6 drachma (c. 0.72 grams or 11 grains). [14] [15] Under Roman rule, it was defined as 1 ⁄ 48 Roman ounce or about 0.57 g (9 gr). [16] The apothecaries' system also reckoned the obol or obolus as 1 ⁄ 48 ounce or 1 ⁄ 2 scruple. While 0.72 grams was the weight of a standard Greek obol ...
The ancient drachma originated in Greece around the 6th century BC. [1] The coin, usually made of silver or sometimes gold [2] had its origins in a bartering system that referred to a drachma as a handful of wooden spits or arrows. [3] The drachma was unique to each city state that minted them, and were sometimes circulated all over the ...
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 ...
Alternately the htamein was a 4.5 feet (1.4 m) long piece of cloth open at the front to reveal the calves, with a dark strip of cotton or velvet sewn on the upper edge, a patterned sheet of cloth in the middle and a strip of red or white cloth sewn below, trailing on the bottom like shorts train.
Charon's obol is an allusive term for the coin placed in or on the mouth [1] of a dead person before burial. Greek and Latin literary sources specify the coin as an obol , and explain it as a payment or bribe for Charon , the ferryman who conveyed souls across the river that divided the world of the living from the world of the dead.
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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. As a result, tetradrachms were minted in vast quantities by various polities in many weight and fineness standards, though the Athens -derived Attic standard of ...
On 1 May 1954, the drachma was revalued at a rate of 1,000 old drachmae to 1 new drachma, and small change notes were abolished for the last time. [6] The third drachma assumed a fixed exchange rate of 30 drachmae per dollar until 20 October 1973: over the next 25 years, the official exchange rate gradually declined, reaching 400 drachmae per ...