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
At this point it will be convenient to take a general survey of our
results so far. We found in the Homeric Poems a twofold system of
currency, the gold Talanton, and the cow or ox, the latter alone being
employed to express values: we next found that the _Talanton_ was the
equivalent of the cow, the metallic unit being clearly the later in
origin, and being based on or equated to the older unit of barter.
Through the sacerdotal tradition of Delos we were enabled to fix the
value of the Homeric Talanton at 2 gold Attic drachms, or a Daric
(135-130 grains Troy). Next came the standards used in historical Greece.
(1) The Euboic (135 grains Troy) used for _silver_ in the great Euboic
towns, in Corinth, in Athens from the time of Solon, and as a matter of
course in the Chalcidian and Corinthian colonies, and employed as the
_sole_ unit for _gold_ in all parts of Greece Proper at all periods; (2)
the Aeginetic (200-195 grains) employed in Peloponnesus, in Boeotia and
Central Greece. We learned that the Euboic standard coincided with the
Homeric _Talanton_, thus finding the Greeks of historical times using the
same standard universally for _gold_ which they had employed long before
the introduction of the art of coining from Asia, and partly using this
same standard for silver, whilst in other states they employed a standard
for the latter metal, which was based on the gold unit, simply dividing
the amount of silver equivalent to it into ten parts instead of fifteen.
We then put the question, “Is it rational to suppose that the Greeks
borrowed in the 7th century B.C. along with the art of coining from Asia
a standard which they themselves already long since possessed?”
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