ARGENTUM (ἄργυρος), silver. The relative value of gold and silver
differed considerably at different periods in Greek and Roman
history. Herodotus mentions it as 13 to 1; Plato, as 12 to 1;
Menander, as 10 to 1; and Livy as 10 to 1, about B.C. 189. According
to Suetonius, Julius Caesar, on one occasion, exchanged silver for
gold in the proportion of 9 to 1; but the most usual proportion under
the early Roman emperors was about 12 to 1. The proportion in modern
times, since the discovery of the American mines, has varied between
17 to 1 and 14 to 1. In the earliest times the Greeks obtained their
silver chiefly as an article of commerce from the Phocaeans and the
Samians; but they soon began to work the rich mines of their own
country and its islands. The chief mines were in Siphnos, Thessaly,
and Attica. In the last-named country, the silver mines of Laurion
furnished a most abundant supply, and were generally regarded as
the chief source of the wealth of Athens. The Romans obtained most
of their silver from the very rich mines of Spain, which had been
previously worked by the Phoenicians and Carthaginians, and which,
though abandoned for those of Mexico, are still not exhausted. By
far the most important use of silver among the Greeks was for money.
There are sufficient reasons for believing that, until some time
after the end of the Peloponnesian war, the Athenians had no gold
currency. [AURUM.] It may be remarked that all the words connected
with money are derived from ἄργυρος, and not from χρυσός, as
καταργυρόω, “to bribe with money;” ἀργυραμοιβός, “a money changer,”
&c.; and ἄργυρος is itself not unfrequently used to signify money
in general, as _aes_ is in Latin. At Rome, on the contrary, silver
was not coined till B.C. 269, before which period Greek silver was
in circulation at Rome; and the principal silver coin of the Romans,
the _denarius_, was borrowed from the Greek _drachma_. For further
details respecting silver money, see DENARIUS, DRACHMA. From a very
early period, silver was used also in works of art; and the use of it
for mere purposes of luxury and ostentation, as in plate, was very
general both in Greece and Rome.
ARGỸRASPĬDES (ἀργυράσπιδες), a division of the Macedonian army, who
were so called because they carried shields covered with silver
plates.
ARGỸROCŎPEION (ἀργυροκοπεῖον), the place where money was coined, the
mint, at Athens.
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