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
Gold was to silver as 13·3:1. This proportion made it difficult to weigh
both metals on the same standard. That a round number of silver shekels
or staters might equal a gold shekel or stater, the weight of the silver
shekel was either raised above or lowered below that of the gold. The
_heavy_ gold shekel weighed 260 grains Troy, being the double of the
_light_ gold shekel, which weighed 130 grains Troy (8·4 grammes).
THE SILVER STANDARDS DERIVED FROM THE GOLD SHEKEL[261].
I. From the _heavy_ gold shekel of 260 grains:
260 × 13·3 = 3458 grains of silver.
3458 grains of silver = 15 shekels of 230 grains each.
On the silver shekel of 230 grains the _Phoenician_ or Graeco-Asiatic
_silver_ standard may be constructed:
Talent = 690,000 grains = 3000 staters (or shekels).
Mina = 11,500 grains = 50 staters.
Stater = 230 grains.
II. From the _light_ gold shekel of 130 grains we get the so-called
Babylonian or Persian standard:
130 × 13·3 = 1729 grains of silver.
1729 grains of silver = 10 shekels of 172·9 grains each.
On the silver shekel or stater of 172·9 grains the _Babylonic_, _Lydian_,
and Persian _silver_ standard may be thus constructed:—
Talent = 518,700 grains = 3000 staters = 6000 sigli.
Mina = 8645 grains = 50 ” = 100 ”
Stater = 172·9 grains = 1 ” = 2 ”
Siglos = 86·45 grains.”
It is desirable “to take note of the fact that in Asia Minor and in
the earliest periods of the art of coining, (α) the heavy gold stater
(260 grains) occurs at various places, from Teos northwards as far as
the shores of the Propontis; (β) the light gold stater (130 grains)
in Lydia (Κροίσειος στατήρ) and in Samos (?); (γ) the electrum stater
of the Phoenician _silver_ standard, chiefly at Miletus, but also at
other towns along the west coast of Asia Minor, as well as in Lydia,
but never however in full weight; (δ) the electrum and silver stater of
the Babylonic standard, chiefly if not solely in Lydia; (ε) the silver
stater of the Phoenician standard (230 grains) on the west coast of Asia
Minor[262].”
Here we may call attention to the fact that whilst Miletus struck her
electrum staters on the Phoenician _silver_ standard (their normal
weight being 217 grains), the Phocaeans always from the infancy of
coining employed for their electrum the _gold_ standard of the _heavy_
shekel (260 grains). But the proper time for discussing why the Lydians,
Milesians and Phocaeans all struck their electrum coins of various
standards, will come further on in our enquiry.
_The coin-standards of Greece Proper._
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account