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
This new standard seems to be identical with that called by metrologists
the Persian, on which [silver] coins were struck in all parts of
the Persian empire, notably the Sigli stamped with the figure of the
Persian king, which must have freely circulated in the northern parts
of India that paid tribute to the king. Whether the reason given for
the use of this standard is right or not, we may see hereafter, when a
different explanation will be offered to the reader. That great Indian
archaeologist, General Cunningham[172], goes further, and maintains “that
the earliest Greek coins of India, those of Sophytes, are struck, not on
the Attic standard, but on a native standard which is based on the _rati_
or grain of _abrus precatorius_.” Whatever may be the ultimate decision
of this dispute, it is enough for our purpose that whilst undoubtedly a
native silver standard sooner or later replaced the Attic, so likewise
the Attic standard, if used for gold, did not remain at its full weight
of 135 grains, but rather approximated to that of the native standard of
the Daric (130 grains). It is almost certainly a native standard which
appears as the weight of the _gold piece_ (_suvarṇa_) in the tables of
weights given in the Hindu treatise called _Līlāvati_, written in the
seventh century A.D., before the Muhammadan conquest of India, and which
we shall notice presently at greater length. This _suvarṇa_ is the only
unit for gold mentioned in the tables, and its weight can be demonstrated
to be about 140 grs troy. That the gold unit only varied 10 grains in the
course of 10 centuries is very remarkable.
Let us now return to the ancient peoples of Further Asia Minor and
Northern Africa. The Phoenicians and their neighbours in historical
times seem to have used the double of the unit of 130 grains. It is
quite possible that this doubling of the unit can be explained by a
simple principle, which will likewise fit in with the threefold of the
same unit, which we have just now had to deal with under its name of
Macedonian Talent. But how far this double unit prevailed in earlier
times among the Semites it is not easy to tell. However, the evidence
to be derived from the Old Testament is in favour of the priority of
the unit of 130 grains. But this is not all our evidence. The Egyptian
hieroglyphic inscriptions give us considerable information regarding
the currency not simply of Egypt itself but likewise of neighbouring
countries. For when Egypt was at the zenith of her glory great conquerors
like Thothmes III. and Rameses II. (the Sesostris of Herodotus) carried
their arms into all the surrounding lands and reduced them to the
position of tributary vassals. Many of the tablets which recount their
exploits contain the tale of the spoil, and describe it as consisting
amongst other things of gold rings.
[Illustration: FIG. 19. EGYPTIAN WALL PAINTING SHOWING THE WEIGHING OF
GOLD RINGS[173].]
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