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
“In the East, on the other hand, from the earliest times gold and silver
appear to have been used for the settlement of the transactions of daily
life, either metal having its value more or less accurately defined in
relation to the other. Thus Abraham is said to have been ‘very rich in
cattle, in silver and in gold’ (Gen. xiii. 2, xxiv. 35), and in the
account of his purchase of the cave of Machpelah (Gen. xxiii. 16), it is
stated that ‘Abraham weighed to Ephron the silver which he had named in
the audience of the sons of Heth, four hundred shekels of silver, current
with the merchants.’
“As there are no auriferous rocks or streams in Chaldaea, we must infer
that the old Chaldaean traders must have imported their gold from India
by way of the Persian Gulf, in the ships of Ur frequently mentioned in
cuneiform inscriptions.
“But though gold and silver were from the earliest times used as measures
of value in the East, not a single piece of coined money has come down
to us of these remote ages, nor is there any mention of coined money in
the Old Testament before Persian times. The gold and silver ‘current
with the merchant’ were always weighed in the balance; thus we read that
David gave to Ornan for his threshing-floor [including oxen and threshing
instruments] 600 shekels of gold by weight (1 Chron. xxi. 25).
“It is nevertheless probable that the balance was not called into
operation for every small transaction, but that little bars of silver
and of gold of fixed weight, but without any official mark (and therefore
not coins) were often counted out by tale, larger amounts being always
weighed. Such small bars or wedges of gold and silver served the purposes
of a currency, and were regulated by the weight of the shekel or the mina.
“This leads us briefly to examine the standards of weight used for the
precious metals in the East before the invention of money.
“_The metric systems of the Egyptians, Babylonians, and Assyrians._
“The evidence afforded by ancient writers on the subject of weights and
coinage is in great part untrustworthy, and would often be unintelligible
were it not for the light which has been shed upon it by the gold and
silver coins, and bronze, leaden and stone weights which have been
fortunately preserved down to our own times. It will be safer, therefore,
to confine ourselves to the direct evidence afforded by the monuments.
“Egypt, the oldest civilized country of the ancient world, first claims
our attention, but as the weight system which prevailed in the Nile
valley does not appear to have exercised any traceable influence upon the
early coinage of the Greeks, the metrology of Egypt need not detain us
long....
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