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
We have previously noticed the fact that the two principal terms applied
to silver coins, _drachm_ and _obol_, give clear indications that they
have been borrowed from an ancient system of copper (just as we shall
presently find that the _denarius_, the special term employed for their
silver currency by the Romans, owes its origin to the ancient copper
_as_). If further proof were required, it is afforded by the name
employed for the subdivisions of the obol. The latter at Athens was
divided into 8 _chalci_ or _coppers_ (χαλκοῖ). The smallest silver coin
at Athens was the half-obol, but in some places names, _Trichalcum_,
_Tetrachalcum_, etc. were given to copper coins. Now, as the Aeginetan
obol weighed about 16½ grs. and the Attic 11¼, the former is one-third
greater than the latter. But we shall see shortly that as the Attic
obol has 8 _chalci_, the Aeginetan must have had 12, from which it
follows that the ancient copper obol or bar used in Aegina, throughout
Peloponnesus, and at Athens, and probably throughout Boeotia, was
everywhere the same.
_The Sicilian System._
In dealing with the Sicilian and Italian systems we must reverse the
order of treatment of the metals, and as it is in the copper that we
shall find the closest link between the Greek and those other systems, we
shall therefore commence with that metal.
On the Italian Peninsula and in Sicily we find a series of weight and
monetary terms totally distinct from any found in Greece Proper. From
this alone we may infer that, even before the settlement of any Greek
Colonies in Magna Graecia and Sicily, there existed a well defined
system, if not of weight, at least for the exchange of copper by fixed
standards of measurement. In various Sicilian cities we find small
silver coins called _litrae_; these beyond all question are simply the
representatives in silver of an ancient copper unit employed by the
Sicels, and which they had brought with them into the island. These
Sicels were a tribe of the great Italian stock (itself a branch of the
Aryan family) closely related to the Umbrians, Latins, and Oscans, had
probably formed the van of the Aryan advance into the Peninsula, and had
finally crossed the straits and overcome the Sicanians, an Iberic race,
who were the earliest inhabitants of the island of whom any historical
record exists. The word _litra_ is merely a dialectic form of the same
original _lidhra_[419], from which the Latin _libra_ itself is sprung.
But whilst we shall have little difficulty in finding out the weight at
which the Latin _libra_ was fixed, we have just as great difficulty in
discovering that of the Sicilian _litra_, as we have lately found in the
case of the ancient Greek copper obol. As copper was only coined at a
late period, and the copper coins are merely tokens, or money of account,
we are unable to arrive at any conclusion as to the original full weight
of the litra from any data afforded by the copper coins of the various
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