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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 ...
In the engraved Athenian decree forging the alliance with Sparta before the Chremonidean War, Areus is mentioned by name five times, while his co-king is absent, therefore showing that for the Athenians, Areus was the sole ruler of Sparta. [111] [112] [113] The most striking feature of this new era is the introduction of coinage in Sparta.
In ancient Greece, the drachma (Greek: δραχμή, romanized: drachmḗ, [drakʰmέː]; pl. drachmae or drachmas) was an ancient currency unit issued by many city-states during a period of ten centuries, from the Archaic period throughout the Classical period, the Hellenistic period up to the Roman period.
Sparta deliberately used iron currency to make amassing wealth unwieldy, and remained on an iron currency standard all through Greece's golden age. [2] Julius Caesar's Gallic Wars, mentions iron currency in Britain. [3] "For money they use bronze or gold coins, or iron bars of fixed weights." — Julius Caesar, 54 BC [1]
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.
Double-die style struck coin from Ancient India, c 304-232 BCE featuring an elephant on one face and a lion on the other. Since that time, coins have been the most universal embodiment of money. These first coins were made of electrum, a naturally occurring pale yellow mixture of gold and silver that was further alloyed with silver and copper.
The mines of the Pangaeon hills allowed the cities of Thrace and Macedon to mint a large number of coins. Laurium's silver mines provided the raw materials for the "Athenian owls", [8] [9] the most famous coins of the ancient Greek world. Less-valuable bronze coins appeared at the end of the 5th century. Coins played several roles in the Greek ...
[3] In Greece, Ptolemaic coinage mainly originates from the Peloponnese and Euboea. Corinth did not strike Ptolemaic coinage during its brief subordination to the kingdom. [2] Cyprus had many important mints, and the island struck large amounts of Ptolemaic coinage from 200 BC to 80 BC. [2] Cyprus was also richer in silver than Egypt. [10]