The Origin of Metallic Currency and Weight StandardsRidgeway, William
History
The Origin of Metallic Currency and Weight Standards
Ridgeway, William
Money -- Origin; Weights and measures -- History
I have shown elsewhere that the rings found by Dr Schliemann at Mycenae
were probably made on a standard of 135 grains troy. It is natural to
suppose that if within the area of Greece Proper gold rings were fixed
according to a definite standard, and that standard the Homeric talent,
the Macedonians and Thracians would possess a similar unit in the
fifth century B.C. But there is a small piece of literary evidence to
show that the Macedonians were acquainted with the gold unit, which we
already know as the Homeric ox unit. Eustathius tells us that “three gold
staters formed the Macedonian talent[170].” Whether Mommsen is right in
thinking that this name was given to the talent in Egypt in consequence
of its having been introduced by the Lagidae (themselves Macedonians)
or not, it equally indicates that from of old such a talent, confined
in use to gold, and the threefold of the Homeric ox-unit, had existed
in Macedonia. Hence Philip II. did not require to go to Athens to seek
for a standard for his new gold coinage. Passing into Asia we find there
the shekel as the Daric (Δαρεικός), the normal weight of which is 130
grains troy. This standard prevailed all through the Persian empire, thus
extending into the countries now represented by Afghanistan and Northern
India. Numismatists have pointed out the fact that Philip coined his
staters some five grains heavier than the rival gold currency of the
Persian empire, as if to enhance the estimation of his new coinage. This
explanation is perhaps over subtle; at all events it is interesting to
find the successors of Alexander the Great in the Far East, the kings
of Bactria, coining their staters not on the standard of 135 grains,
but rather on that of 130, in other words following the native standard
which the Daric simply represented as a coin. Thus Dr Gardner[171] in
his Table of Normal Weights makes the Bactrian stater of what he calls
the Attic standard weigh 132 grains and the drachm 66 grains, and it is
also admitted that from the time of Eucratides the Greek kings of Bactria
adopted a native standard.
[Illustration: FIG. 17. PERSIAN DARIC.]
[Illustration: FIG. 18. GOLD STATER OF DIODOTUS, KING OF BACTRIA.]
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