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
a reverse exhibiting the fox, stag’s head, and X of the coin already
described. To these may be added a series of coins bearing a lion’s head
with open mouth, and with what is commonly regarded as a star above it,
but which is more probably part of the lion’s hair, and on the reverse
incuse sinkings, in some cases containing an ornamental star[356]. These
coins have now with great probability been assigned by the eminent
numismatist, Mr J. P. Six, to the Lydian king, Alyattes, the father of
Croesus.
When Croesus ascended the throne in 568 B.C., one of his earliest acts
seems to have been an attempt to propitiate the Greeks both of Asia
and Hellas proper by sending offerings of equal value to the two most
famous shrines of Apollo, Delphi and Branchidae. In the course of some
fourteen years he reduced under the sway of Lydia all the regions that
lay between the river Halys and the sea. “It seems probable (says Mr
Head) that the introduction of a double currency of pure gold and silver,
in place of the primitive electrum, may have been due to the commercial
genius of Croesus.” If this be so, the monarch seems to have acted with
thrift in his offerings, for according to Herodotus his dedications at
Delphi were all of _white gold_, _i.e._ electrum. Perhaps then he got no
more than he deserved when, induced by the declaration of the Delphic
prophetess that he would destroy a mighty kingdom, he made war upon Cyrus
with disastrous issue. There however can be no doubt that Croesus made
some important monetary change, for in after years there still remained
a clear tradition of Croesus’ stater (Κροίσειος στατήρ), just as the
famous gold stater of Philip of Macedon was known as the _Philippean_ or
_Philippus_[357]. In his monetary reform Croesus seems to have had regard
to the weights of the two old electrum staters, each of which was now
represented by an equal value, though not of course by an equal weight,
of pure gold.
[Illustration: FIG. 29. Coin of Croesus.]
Thus the old Phoenician electrum stater of 220 grs. was replaced by a
pure gold coin of 168 grs., equivalent like its predecessor in electrum
to 10 silver staters of 220 grs. each, and the old Babylonian electrum
stater of 168 grs. was replaced by a new pure gold stater of 126 grs.,
equal in value like it to 10 silver staters of 168 grs. each, “as now for
the first time coined.” These gold coins bear as obverse the foreparts of
a lion and a bull facing each other, and on the reverse an oblong incuse
divided into two parts (Fig. 29). Of the Babylonian standard we find:
Stater 168 grs.
Trite 56 ”
Hecte 28 ”
Hemihecton 14 ”
And of the light shekel:
Stater 126 grs.
Trite 42 ”
Hecte 21 ”
Hemihecton 11 ”
Of Babylonian standard _silver_:
Stater 168 grs.
½ stater 84 ”
⅓ stater 56 ”
⅟₁₂ stater 14 ”
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