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
The history of the degradation of copper was seen better in Sicily, where
we found the litra still weighing 990 grs., but it rapidly sank to only
200 grs., evidently in this case also being mere money of account. For as
the silver litra was about 13½ grs., unless the 200 grain copper litra
was a mere token, silver would have been to copper as 17:1, which is
obviously absurd. In the case of the Italian _as_ the process is still
clearer, for we have every stage of the _as_, from the bars which I have
described through the _libral as_ (_aes grave_), the _sextantal as_, the
uncial and half-uncial, down to the small coin of the empire commonly
called “a third brass.”
[Illustration: FIG. 51. As (half uncial standard).]
[Illustration: FIG. 52. As, 3rd Cent. A.D. (“Third Brass”).]
[Illustration: FIG. 53. Didrachm of Corinth.]
_Gold and Silver._
Whilst in the infancy of coining the Sicilian silver litra was probably
the same as the Aeginetic obol, that is about 16⅔ grs., the Aeginetic
didrachm being probably treated as a _decalitron_ (ten-litra piece),
nevertheless after no long time the common Euboic standard of 135 grs.
was employed at Syracuse and elsewhere, and we have the authority of
Aristotle for the statement that the _Corinthian stater_ was called a
_decalitron_. Corinth, as we saw above, used the 135 grain unit for her
famous Pegasi, commonly known as “Colts” (πῶλοι), and therefore the litra
was by this time 13½ grs. Now, in Etruria we find about 400-350 B.C. a
silver currency struck on this same 135 grs. standard. These coins bear
marks of value, 𐌢 on coins of 131 grs., 𐌡 on those of 65 grs., 𐌠𐌠' on
those of 32 grs., and 𐌠 on those of 14 and 13 grs. It is plain therefore
that the stater of 135 grs. was considered to consist of 10 units of 13½
grs. each. In other words, whatever the Etruscans may have called their
stater, it was exactly the same in weight and method of subdivision as
the _decalitron_ of Syracuse. At a later period (350-268 B.C.) we find
on coins of like weight the symbols 𐌢𐌢 instead of 𐌢, 𐌢 instead of 𐌡, 𐌡
instead of 𐌠𐌠'. The unit now is exactly half of what it was at an earlier
stage, 6¾ grs. instead of 13½ grs.
Not till 268 B.C., just on the eve of the First Punic War, did Rome
first coin silver. This coin, called _denarius_, as its name implies,
represented 10 _asses_. It was divided into four parts, each of which
was called a _sestertius_ or 2½, and was marked with the symbol 𐆘
representing that number.
[Illustration: FIG. 54. Sesterce of first Roman silver coinage.]
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