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
Let us now see if we can give a consistent explanation of the statements
of the ancient writers which I have quoted above. _Aes rude_ or bronze
in an unstamped or unmanufactured state was originally in use at Rome,
according to Timaeus. This period corresponds to that time when, as I
have endeavoured to show, _asses_ or _bars_ of given dimensions intended
to be made into articles for use or ornament passed from hand to hand,
as do the brass rods mentioned above at the present moment in the Congo
region of Africa. Then came the stamping of the _asses_ towards the close
of the regal period (according to Timaeus), when figures of animals
were placed thereon. We have seen above (p. 354) that such figures are
actually found on certain rough quadrilateral pieces of bronze found in
some parts of central Italy. With the use of weight instead of measure
for appraising their value, the shape of the _asses_ would become
modified, getting shorter and thicker. Finally, they assume the round
shape of ordinary coins, and bear certain well-defined symbols on both
sides, such as the Janus head and Rostrum on the _as_, that of Mercury
on the _sextans_. But as few of these round _asses_ are found to weigh
more than 10 _unciae_, it would seem that the process of degradation had
already set in before their issue. Gold and silver at the same epoch
passed by weight either after the ancient fashion in ingots, or as the
coined money of the Greek cities of the South or of the Etruscans. The
unit of account continues to be the _as_ of _full weight_. Thus all
penalties due to the state would be paid not in reduced _asses_ of only
5 or 4 ounces, but in full libral _asses_ as weighed in the balance. On
the other hand although reduced _asses_ were used by the state in paying
debts to private individuals, they were only received as tokens, and no
doubt the state was bound if called upon to pay a full pound of bronze
for every stamped reduced _as_ presented to it, but in ordinary times
this made no practical difference, for the bronze currency was purely
local all over Italy and Sicily, as we have seen above. It was far too
cumbrous to be used as a medium of international trade.
Public-domain text, read in full here on John Shaqi.
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