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The history of ancient Greek coinage can be divided (along with most other Greek art forms) into four periods: the Archaic, the Classical, the Hellenistic and the Roman. The Archaic period extends from the introduction of coinage to the Greek world during the 7th century BC until the Persian Wars in about 480 BC.
Coins in denominations from 50 lepta to 20 drachmae carried a portrait of King Paul (1947–1964). New coins were introduced in 1966, ranging from 50 lepta to 10 drachmae, depicting King Constantine II (1964–1974). A silver 30-drachma coin for the centennial of Greece's royal dynasty was minted in 1963.
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 ...
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 Attic weight was based on a drachma of 4.31 grams, but in practice the main denomination was the tetradrachm or four-drachma coin, which weighed approximately 17.26 g [1] in silver. For larger sums, the units of account were the mina (100 drachmae or 435 g), and the talent (6,000 drachmae or 26.1 kg).
The stater, as a Greek silver currency, first as ingots, and later as coins, circulated from the 8th century BC to AD 50. The earliest known stamped stater (having the mark of some authority in the form of a picture or words) is an electrum turtle coin, struck at Aegina [2] that dates to about 650 BC. [3]
A large portion of the collection is constituted by coins that were found in hoards while the rest comes from the initial collection of Aegina, recent excavations in mainland Greece and donations. The museum houses a library of 12,000 books specialized in the study of coinage. There is also a conservation laboratory.
The Coinage of Aegina began in the 7th century BC. The front has a sea turtle design, while the back has a punch mark, found on most coins at that time. The earliest coins were made of electrum, a mix of gold and silver. The coins were first made in the island of Aegina, off the southeast side of Greece.