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
Babylonian standard, seems to put beyond all doubt that the 168 grain
gold piece was not a real unit, but was simply regarded as 1⅓ shekels,
and was nothing more than a temporary effort to simplify the trimetallic
monetary system of Lydia.
What system the Lydians employed for commercial purposes we have no means
of knowing, but we may conjecture plausibly that the light royal mina of
60 shekels was the standard employed.
THE PERSIAN STANDARD.
We may adopt the generally received belief that the Persians, like the
Medes and Babylonians, did not coin money (although they were probably
acquainted with the Lydian stater) until after the conquest of Asia Minor
and Egypt by Cyrus and Cambyses, and the reorganization of the empire
by Darius the son of Hystaspes (522-485 B.C.). For although the learned
_savants_ MM. Oppert and Révillout[358] hold that Daric (Δαρεικός) is
unconnected with the name Darius (Δαρεῖος), an opinion supported by Dr
Hoffmann[359], and rather regard it as derived from the Assyrian _darag
mana_, “degree (i.e. ⅟₆₀) of a mina,” and although Mr G. Bertin has read
the word _dariku_ on a Babylonian contract, dated in the twelfth year
of Nabonidas, five years before the conquest of Babylon by Cyrus[360],
it does not at all follow that either _darag_ or _dariku_ refers to a
_coin_. That the unit was employed for gold ages before the Persians
ever descended from the mountains there can be little doubt. But whether
we adopt or reject the Greek tradition that the Daric (Δαρεικός) was
named from Darius, as the Philippean and Croesean staters were called
after the sovereigns who first struck them, it is perfectly certain
that Darius organized the whole numbering system of the great empire
to which he had succeeded, and that he coined gold pieces of the first
quality: for Herodotus tells us that Darius, having refined gold to
the greatest extent possible, had coin struck[361]. This would be very
analogous to the course pursued by Croesus and Philip; gold in some form
was current in the dominions of both these princes before their reigns,
but it was owing to certain reforms introduced and to the issue of a
gold coin of a certain pattern, that the names of both became associated
with particular kinds of gold coins. By the time of Xerxes the son of
Darius vast quantities of these Darics were circulating through Asia
Minor, for Herodotus relates that the Lydian Pythius had in his own
possession as many as 3,993,000 of them, a sum afterwards increased by
Xerxes to 4,000,000. They became the gold currency of all the Greek
towns not only of Asia Minor, but also of the islands, and made their
way in considerable quantities into the great cities of the mainland of
Hellas, and wrought as much harm in disuniting the various states of
Greece as did the gold staters of Philip at a period a little later.
Darics formed a regular part of the wealth of a well-to-do Athenian at
the time of the Peloponnesian war. Thus Lysias[362] relates that when his
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