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Egyptian gold stater was the first coin ever minted in ancient Egypt around 360 BC during the reign of pharaoh Teos of the 30th Dynasty. These coins were used to pay salaries of Greek mercenaries in his service. The first Ptolemaic mint was in Memphis and was later moved to Alexandria.
The Ptolemaic Kingdom (/ ˌ t ɒ l ɪ ˈ m eɪ. ɪ k / ; Koinē Greek : Πτολεμαϊκὴ βασιλεία , romanized: Ptolemaïkḕ basileía ) [ 6 ] or Ptolemaic Empire [ 7 ] was an Ancient Greek polity based in Egypt during the Hellenistic period . [ 8 ]
The Ptolemaic standard was used by the Ptolemaic Kingdom for its silver coinage from 294 BC. It was based on a tetradrachm of 14.26 g and a drachma of 3.55 g. [19] It was equivalent to the reduced Phoenician standard used in Ptolemaic Coele-Syria and Seleucid Phoenicia. [2] [17] [18]
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 ...
In ancient Greece, the drachma (Greek: δραχμή, romanized:drachmḗ, [drakʰmέː]; pl. drachmae or drachmas) was an ancient currency unit issued by many city-states during a period of ten centuries, from the Archaic period throughout the Classical period, the Hellenistic period up to the Roman period. The ancient drachma originated in the ...
The Seleucid dynasty controlled a developed network of trade with the Indian Subcontinent which had previously existed under the influence of the Achaemenid Empire.The Greek-Ptolemaic dynasty, controlling the western and northern end of other trade routes to Southern Arabia and the Indian Subcontinent, [5] had begun to exploit trading opportunities in the region prior to the Roman involvement ...
e. The Ptolemaic dynasty(/ˌtɒlɪˈmeɪ. ɪk/; Ancient Greek: Πτολεμαῖοι, Ptolemaioi), also known as the Lagid dynasty(Λαγίδαι, Lagidai; after Ptolemy I's father, Lagus), was a Macedonian Greek[1][2][3][4][5]royal house which ruled the Ptolemaic Kingdomin Ancient Egyptduring the Hellenistic period.
The tetradrachm (Greek: τετράδραχμον, translit. tetrádrachmon) was a large silver coin that originated in Ancient Greece. It was nominally equivalent to four drachmae. [1] Over time the tetradrachm effectively became the standard coin of the Antiquity, spreading well beyond the borders of the Greek World. As a result, tetradrachms ...
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