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 total loss of the literature and records of the Phoenicians, and
the fact that neither in their own country nor in the greatest of their
colonies, Carthage, did they employ coined money until a comparatively
late period, make the task of restoring their weight system very
difficult if not hopeless. The _silver_ standard called Phoenician or
Graeco-Asiatic is the sole evidence to show that they employed as their
unit for gold the heavy Babylonian shekel of 260 grs. On the other hand
we have just seen that their close neighbours, the Hebrews, from first to
last, and the ancient people of the Nile with whom the Phoenicians were
in the closest trade relations (having large trading communities settled
in the Delta, and from whom they had borrowed the hieroglyphic syllabic
symbols, which with them became the Alphabet), had employed the light
shekel, the only _gold_ unit that likewise from first to last prevailed
throughout the vast regions of Central Asia Minor, and as we have seen,
was the unit of Greece even in the early days when the great cities of
Mycenae and Tiryns were in direct contact with, and deriving their arts
and civilization from Asia or from Egypt.
The derivation of the Phoenician _silver_ standard of about 225 grs.
(14·58 gram.) according to the hitherto received doctrine is as follows.
As the Babylonians formed their silver standard by making into _ten_
pieces the amount of silver equivalent to the “light gold shekel,” so
the Phoenicians and Syrians are supposed to have divided the amount of
silver equivalent to “the heavy shekel” into _fifteen_ pieces, gold being
to silver in each case as 13·3:1. But we ask why did the Phoenicians
adopt so awkward a scale as the quindecimal when it was possible for them
to employ the decimal or duodecimal? In the next place by the supposed
system 7½ silver shekels were equal to one light shekel, that is the
gold unit which was universally employed amongst all the peoples with
whom they traded: and what number could be more awkward for purposes of
exchange than 7½? If therefore we can show that it is probable that at
one period silver was exceedingly abundant in Phoenicia compared with
gold, and that consequently gold was worth considerably more than 13
times its weight in silver, the sole support for the heavy shekel being
the Phoenician unit is removed, and the theory of the _fifteen stater_
system falls to the ground. It is well known that the Phoenicians had
much of the trade of Cilicia and the other coast regions of Asia Minor in
their hands. It was Cilicia that produced the chief supplies of silver
for Western Asia[343]. From this land therefore the Phoenicians obtained
vast quantities of silver, and it was from them almost certainly the
Egyptians, who had no native silver, obtained a supply of that metal. But
this was not all. About 1000 B.C. the Phoenicians, in their quest after
new and unexhausted regions, made their way westward and reached Spain.
Public-domain text, read in full here on John Shaqi.
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