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
of 130 grs.: along with them we find singular fluctuations in the silver
currency; towns that are close neighbours employing different systems
contemporaneously.
There is, however, one state which cannot be passed over without more
particular reference. At an earlier page I spoke of the gold mines
of Thasos, which had attracted the attention of the Phoenicians at a
very early time. But, in addition to the mineral wealth of their own
island, the Thasians drew a huge annual revenue from their mines on the
mainland. Although the first influence in the island was Phoenician,
and the Thasians themselves were Ionians from Paros, instead of finding
the Phoenician standard employed for its silver coins, we see them
striking their archaic coins on the so-called Babylonian system. Under
the supremacy of Athens this standard fell so much that it eventually
coincided with the Attic (138 grs.) or even was lower. The Thasians,
after revolting from Athens in 411 B.C., struck gold coins for the
first time; these were on the Euboic or ox-unit standard (consisting of
half-staters and thirds). But about the same period they began to coin
silver on the so-called Phoenician of 220 grs. It is indeed strange that
in the early age, when the Phoenician tradition was still strong, they
did not employ the 220 grs. standard, but only resorted to it after
employing for a long period the Babylonian and Attic standards. It is
evident that in Thasos, as elsewhere, there had existed the same gold
unit for untold generations, else at the very time when they revolted
from Athens and adopted a new standard for their silver, they would
not have struck gold on what is commonly called the Attic or Euboic
standard. It is evident that the changes in the silver standards were due
to changes in the relation of silver to gold, the fall in standard from
168 grs. to 135 grs. indicating perhaps that silver, which at first was
to gold as 1:13, had gradually grown dearer.
_Commercial Weight System._
Public-domain text, read in full here on John Shaqi.
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