The commercial intercourse of the age, however, was still an intercourse of barter. There can hardly be a stronger sign of the rudeness of trading relations, than the Homeric use of the word χρεῖος. It signifies both the obligation to pay a debt regularly contracted for value received (Od. iii. 367), and the liability to sustain retaliation after an act of rapine (Il. xi. 686, 8). The possession of the precious metals was probably confined to a very few. Both these, and iron, which apparently stood next to them in value, formed prizes at the Games; in which, speaking generally, only kings and chiefs took part. A certain approximation had been made towards the use of them as money, that is, as the measure of value for other commodities. For, as they were divided into fixed quantities, those quantities were in all likelihood certified by some mark or stamp upon them. Nor do we ever find mere unwrought gold and silver estimated or priced in any other commodity. The arms of Glaucus are indeed ἑκατομβοῖα[173], and they are χρύσεα. But this means gilded or adorned with gold; an object made of gold would with Homer be παγχρύσεος. Such are the θύσανοι, the gold drops or tassels of Minerva’s Ægis; each of which is worth an hundred oxen. Thus gold, when manufactured, even if not when in mass, had its value expressed in oxen[174]. [173] Il. vi. 236. [174] Il. ii. 448, 9. It is possible that gold and silver may, to a limited extent, have been used as a standard, or as a medium of exchange. The payment of the judge’s fee in the Eighteenth Iliad suggests, though it does not absolutely require, this supposition. Like writing in the Homeric age, like printing when it was executed from a mould among the Ancients, the practice may have existed essentially, but in a form and on a scale that deprived it of importance, by limiting its extent. ~_Oxen in some degree a measure of value._~ The arms of Glaucus and Diomed, and the drops of Minerva’s Ægis, are, as we have seen, valued or priced in oxen. The tripod, which was the first prize for the wrestlers of the Twenty-third Book, was valued at twelve oxen: the captive woman, who was the second, accomplished in works of industry, was worth four[175]. [175] Il. xxiii. 702-5. But Laertes gave for Euryclea no less than twenty oxen, or rather the value of twenty oxen (ἐεικοσάβοια δ’ ἔδωκεν, Od. i. 431). We need not ascribe the difference in costliness to the superior merit of Euryclea; but we may presume the explanation to be, that Laertes, in time of peace, paid for Euryclea the high price of an importing market; whereas the Greeks, in a state of war before Troy, had probably more captives than they knew how to feed. They were, at any rate, in the country of production: and the price was low accordingly.