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
The temple shrines of Delphi and Olympia, Delos and Dodona were centres
not merely of religious cult, but likewise of trade and commerce, just
as the great fairs of the Middle Ages grew primarily out of the feast
day of the local saint, merchants and traders taking advantage of the
assembling together of large bodies of worshippers from various quarters
to ply their calling and to tempt them with their wares. The temple
authorities encouraged trade in every way; they constructed sacred roads,
which gave facility for travelling at a time when roads as a general
rule were almost unknown, and what was just as important, they placed
these roads and consequently the persons who travelled on them under
the protection of the god to whose temple they led in each case, thus
affording a safe conduct to the trader as well as the pilgrim; again at
the time of the sacred festivals all strife had to cease, the voice of
war was hushed, and thus even amidst the noise of intestine struggles
and international strife, peace offered a breathing space for trade and
commerce. Hence the probability is considerable that the art of minting
money, that is, of stamping with a symbol the ingots or _talents_ of gold
or silver which had circulated in this simple form for centuries, first
had its birth in the sanctuary of some god.
On the whole then we may assume that the bullet-shaped coins of Aegina,
which are undoubtedly the earliest coins of Greece Proper, are the
Pheidonian currency mentioned in the ancient authors and on the Parian
Marble. As silver was probably not at all plenty at Argos, but was
brought to Aegina by the traders, Pheidon had every motive for minting
at Aegina instead of at his own capital. The fact that the Romans
struck silver coins in Campania before they issued any at Rome affords
a curious parallel. A local supply of the metal offers the explanation
in each case. “It may be also positively asserted that none of the
Aeginetan coins are older than the earliest Lydian electrum money, and
that consequently the date of the introduction of coined money into
Peloponnesus must be subsequent to circ. 700 B.C. It follows that Pheidon
was not the inventor of money, for already before his time all the coasts
and islands of the Aegean must have been acquainted with the pale yellow
electrum coins of Lydia and Ionia[274].”
What then was the standard on which these early coins of Aegina were
struck?
Public-domain text, read in full here on John Shaqi.
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