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The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the Aeginetan stater or didrachm of 12.2 g (7.8 dwt), based on a drachma of 6.1 g ...
The drachma was the standard unit of silver coinage at most ancient Greek mints, and the name obol was used to describe a coin that was one-sixth of a drachma. [2] The notion that drachma derived from the word for fistful was recorded by Herakleides of Pontos (387–312 BC) who was informed by the priests of Heraion that Pheidon , king of Argos ...
By the fifth century BC, variations on obols expanded to include coins worth one and one-half ("trihemiobol") obols and half obols ("hemiobol"). The fourth century BC diversified further with some minted obols worth as little as one-eighth obol, equivalent to a single copper. [6] Each obol was divisible into eight "coppers" (χαλκοί ...
The Achaean standard consisted of a stater of around 8 g, divided into three drachms of 2.6 g and obols of 0.4 g; these weights declined over time. It was first used in the mid-sixth century by the Greek city-states of Sybaris, Metapontum, and Croton, which had been founded in Magna Graecia by Achaeans from the Peloponnese, and it remained one of the main standards in Magna Graecia until the ...
Slight differences in minting or condition can make a coin either worth thousands of dollars, or relatively worthless. More From GOBankingRates 7 Winter Clothing Items You Should Buy at Costco Now
The old cliché about finding rare and valuable coins is that you should start by digging around in your sofa. That's not necessarily bad advice. However, chances are the only loose change you'll ...
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