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
Therefore we may, with a good deal of probability, conclude that we have
got a people who had already a knowledge of the art of weighing before
they were acquainted with either silver or iron, and that this people
used the scales for gold and nothing else. This, taken in connection with
the fact that in Homer, although silver is known, the weighing of metals
is confined to gold, leads us irresistibly to conclude that gold was the
first of all substances to be weighed, or, to put it in a different way,
the art of weighing was invented for gold.
CHAPTER VI.
THE GOLD UNIT EVERYWHERE THE VALUE OF A COW.
We have now proved four things: (1) the general distribution of the
ox throughout our area, (2) its universal employment as the unit of
value throughout the same region, (3) the equable distribution of gold
throughout the same countries, and (4) that gold is the first of all
commodities to be weighed. Our next step will be to show that gold was
weighed universally by the same standard, and that this standard unit in
all cases where we can find record was regarded as the equivalent of the
ox or the cow.
We have already seen that the gold talent of the Homeric Poems, which was
in use among the Greeks before the art of stamping money had yet become
known, weighed about 130 grains troy (8·4 grammes). In historical times
gold was always weighed on what was called the _Euboic_ (or Euboic-Attic)
standard. Thus when Thasos began to strike gold coins in 411 B.C. after
her revolt from Athens they weighed 135 grs. Unless this had been the
time-honoured unit employed for gold in that island so famous for its
mines the Thasians would hardly have employed it. Certainly they would
not adopt it simply because it was the standard of the hated Athenians,
especially as they had a different standard for silver.
The gold coins of Athens struck a few years later are on the same
standard of 135 grs, and when Rhodes at the beginning of the fourth
century B.C. began to coin gold, she used the same unit, although she
employed for silver the unit of 240 grs. Cyzicus also, although coining
her well-known electrum _Cyzicenes_ on the Phoenician standard, used the
unit of 130 grs for pure gold.
[Illustration: FIG. 16. GOLD STATER OF PHILIP OF MACEDON.]
This standard, as we shall presently see, virtually remained unchanged
for gold down to the latest days of Greek independence. It likewise
prevailed in Macedonia and Thrace. For when Philip II. coined the gold
from the mines of Crenides into staters on the so-called Attic standard
of 135 grains, he did nothing else than employ for the first gold coinage
of his country the unit which had there, as in Greece Proper, prevailed
for many ages for the weighing of gold. For since gold was first coined
in that region about 350 B.C., and yet silver coins had been current
in Thrace and Macedon since about 500 B.C., it would be absurd to
suppose that there was no unit by which gold in ingots or rings could be
appraised.
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