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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 ...
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 ...
Seaford published widely on Greek literature and religion, from Homer to the New Testament, and especially on the god Dionysos.His book Money and the Early Greek Mind.. Homer, Tragedy, Philosophy (2004) explores the role of money on ancient Greek culture, which he suggested was the first culture to become pervasively mone
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 ...
Pelanor (Ancient Greek: πέλανορ, lit. 'cakes') [1] was the currency reportedly used in Sparta during the reign of the semi-mythical Lycurgus. [2] According to Plutarch's Life of Lycurgus, [3] not only did Lycurgus ban the use of gold and silver currency in favor of iron, but, just as the iron was red hot, it would be quenched in vinegar, thus rendering the metal unusable for any other ...
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).
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]
Ptolemaic coinage was struck in different standard, and the kingdom sought to obtain full royal control on coinage in circulation. [3] The largest denominations of Ptolemaic bronze coinage weighed up to 100 grams. [3] Artistically, Ptolemaic coinage closely followed contemporary Greek currencies.