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
It is worth while before going further to enquire whether we can gain any
light from the systems of weight employed by the famous daughter-cities
of Phoenicia, such as Gades and Carthage. A weight bearing in Punic
characters the name of the Agoranomos and the numeral 100 has been
found at Jol (Julia Caesarea) in North Africa, but unfortunately it has
suffered so much by corrosion from water and the loss of its handle that
it is impossible to make any tolerable approximation to its original
weight. Hultsch[344] conjectures with some probability that, making
allowance for its loss, it represents 100 _drachms_, and deduces from
this that the Carthaginians treated the drachm as their _shekel_, but
for this latter hypothesis there seems no sufficient evidence. If this
supposition were true, the weight would represent a half-mina of the
Phoenician _silver_ standard. But there is one thing which this weight
does prove, and that is that, whether it be a mina or half-mina, it is
the drachm or shekel, which was evidently regarded as the unit of the
system, not the mina. Thus once more we get a confirmation of our general
thesis that the mina and talent are the multiples, and that it is the
shekel or stater which is the basis. Nor does the coinage of Carthage
furnish us with all the information that could be desired, for it was
only after 410 B.C. that that great “mart of merchants” began to strike
coins, and even then it was only in her Sicilian possessions that she
did so, no doubt induced to adopt the practice by constant contact with
her Greek enemies: for not only the type (of Persephone) was borrowed
from Syracusan coins, but the very dies were engraved by the hands of
Greek artists. The gold coins are struck on a standard of about 120 grs.
Troy, whilst the silver issue consists of tetradrachms of the so-called
Attic (or more simply light shekel or ox-unit) standard of 130-135 grs.
Since during the same period (405-347 B.C.) Syracuse[345] was issuing
gold pieces on the Attic standard, it is most probable that it is only
through the want of heavier specimens that we are compelled to set the
Siculo-Punic coins issued at Panormus (Palermo) and other places in Italy
so low as 120 grs. It was not until about the time of Timoleon (340
B.C.) that money was coined at Carthage itself. This coinage consists
wholly of gold, electrum and bronze, down to the time of the acquisition
of the rich silver mines of Spain, and the foundation of New Carthage
in that country by Hasdrubal, the son-in-law of Hamilkar Barca and
brother-in-law of Hannibal, in the interval between the First and Second
Punic wars (241-218 B.C.), when large silver coins both Carthaginian and
Hispano-Carthaginian seem to have been first struck[346].
Public-domain text, read in full here on John Shaqi.
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