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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 ...
Various fragments from cities allied to Athens have been used to reconstruct the decree. [2] The decree required that all allied currencies be taken out of circulation and melted down to be replaced with Attic coins, with a small difference in the exchange rate favouring Athens; the Athenian mint benefited as the allies’ mints were closed down.
Ephesus' great temple of Artemis has provided evidence for the earliest coins yet known from the ancient world. [nb 1] The first structures in the sanctuary, buried deep under the later temples, date back to the eighth century BCE, and from that time on precious objects were used in the cult or dedicated to the goddess by her worshippers.
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 ...
The level of mineral purity within the extracted ore was incredibly rare throughout the ancient Greek world and Athens had exclusive access to it. [6] Athens would then use their access to the Laurion mines to direct a majority of the silver to be made into coins that would be used to pay for the famous Athenian navy. [6]
While 0.72 grams was the weight of a standard Greek obol, the actual amount of silver that went into making the currency could vary from region to region. Obols in Athens were typically near the 0.72-gram standard, while Corinth was documented having 0.42-gram obols. [17]
People have flocked to other well-known wells and waters throughout history, including the Well of Pen Rhys in Oxford, which is said to have water with healing powers and the coins may sometimes ...
The tetradrachm (Ancient Greek: τετράδραχμον, romanized: 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.