Archaeology; Civilization, Ancient; Despotism; Greece -- History -- To 146 B.C.; Wealth
The change introduced by the Argives and Aeginetans after driving the
Athenians from Aegina was to make the “measure” of their brooches half
as big again as what it had previously been. Now this is approximately
the relationship in weight of the earliest Aeginetan drachmae to the
earliest drachmae struck on the Euboeic standard. Later, in Herodotus’
own times, the relative weights were four to three. But the earliest
Aeginetan drachmae weighed a little more than those of later
issues[881]. On the other hand, as stated by Percy Gardner[882] in
discussing Solon’s “augmentation” of the Athenian coins, the earliest
Attic or rather Euboeic drachma[883] weighed less than those of
post-Solonian times. The weight of the Aeginetan drachma as determined
from the early didrachms quoted above (p. 171, n. 6) is just over six
grammes, as compared with the 5·85 grammes of later issues, while that
of the earliest Attic Euboeic drachma as determined from the coins of p.
171, n. 8 is just over four grammes, as compared with the 4·26 grammes
of later issues[884].
Thus the original Aeginetan drachma seems to have been just half as
heavy again as the earliest Attic[885]. This ratio is accepted by
Ridgeway[886], who regards it as invented to make ten silver pieces
worth one gold when gold was fifteen times as precious as silver, while
later, when silver rose to be worth 3/40 of its weight in gold, the
silver pieces were slightly diminished in weight, in order that ten of
them might still be the equivalent of one of gold[887].
[Sidenote: Summary of the evidence of Herodotus.]
Let us now return to the one passage of Herodotus, in which he refers by
name to the Argive tyrant.
Public-domain text, read in full here on John Shaqi.
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