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
of alloy makes the latter less easy to work up into jewellery).
I allude to this here because we shall find in the course of our enquiry
that most of the errors into which metrologists have fallen, are the
consequence of their failing to recognize the great gulf which is fixed
between the habits and ideas of a primitive community, slowly evolving
principles which are now part and parcel of the common heritage of
civilization, and an era like our own, when all progress is effected
by the development and application of scientific principles long since
discovered.
Electrum was thus coined on the same standard as silver, one _talent_,
one _mina_ and one _stater_ of electrum being consequently equal to ten
_talents_, ten _minae_, or ten _staters_ of silver. The weight of the
electrum stater in each district would depend therefore on the standard
which happened to be in use there for silver bullion, or silver in the
shape of bars or oblong bricks, the practice of the new invention of
stamping or sealing metal for circulation being in the first place only
applied to the more precious of the two metals, electrum representing in
a small compass a weight of uncoined silver ten times as bulky and ten
times as difficult of transport.
The invention was soon extended to pure gold and silver, and there is
good reason to believe that by the time of Croesus (568-554 B.C.) both
these metals were used for purposes of coinage in Lydia.
_The Greeks begin to coin money._
The clever Greeks of Asia Minor, who formed the portal through which so
many of the arts of the East reached the Western lands, were not slow to
adopt, and by reason of their superior artistic taste to improve, the
great Lydian invention. To the Ionic cities such as Phocaea and Miletus
we must probably ascribe the credit of substituting artistically engraved
dies for the rude Lydian punch-marks, and at a somewhat later period of
inscribing them with the name or rather the initial of the people or
potentate by whom they were issued.
The official stamps by which the earliest electrum staters were
distinguished from mere ingots consisted at first only of the impress of
rude unengraved punches, between which the lump or oval-shaped bullet of
metal was placed to receive the blow of the hammer. Subsequently the art
of the engraver was called in to adorn the lower of the two dies, which
was always that of the face or _obverse_ of the coin, with the symbol of
the local divinity under whose auspices the currency was issued.
As our object is to deal with coins from the point of view of metrology,
the short summary here given of the genesis of the art of coining will
suffice for our purposes.
_Weight standards._
“Silver was very rarely at this early period weighed by the same talent
and mina as gold, but, according to a standard derived from the gold
weight, somewhat as follows:—
Public-domain text, read in full here on John Shaqi.
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