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
in the Soudan, whilst the slave and ox were universally the higher units
of value, each particular district had its own distinctive lower unit
according to the nature of its products and requirements, so it is most
likely that there were many different units of value (but all alike
sub-multiples of the cow) in use among the various Greek communities. It
is also probable that they must have exercised a certain effect in the
formation of the units of silver currency. Nor is evidence wanting for
this. I have already maintained (p. 5) that the fact of the occurrence
of the type of the cow, or cow’s head, on early Greek coins is evidence
that the original monetary unit was the ox. Thus we find the forepart of
an ox on the early electrum staters of Samos of the Phoenician standard
(217 grs.), which was probably equivalent to a pure gold ox-unit of
130 grs. The bull’s head also appears on the electrum coins of Eretria
and of other places in Euboea. But it is with the silver currency that
we are now especially concerned. Whilst it was extremely likely that
silver coins might in process of time bear the impress of an ox, the
general unit of currency, it was still more natural that, as pieces of
silver supplanted as units not the ox but its sub-multiples, that is
the particular series of articles of barter in use in any particular
district, so these silver coins should bear some traces in their types
of the ancient units thus supplanted. That eminent scholar Colonel
Leake many years ago remarked that the types of Greek coins generally
related “to the local mythology and fortunes of the place, with _symbols
referring to the principal productions_ or to the protecting numina.”
[Illustration: FIG. 31. Coin of Cyrene with Silphium plant.]
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