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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 Croeseid, anciently Kroiseioi stateres, was a type of coin, either in gold or silver, which was minted in Sardis by the king of Lydia Croesus (561–546 BC) from around 550 BC. Croesus is credited with issuing the first true gold coins with a standardised purity for general circulation, [1] and the world's first bimetallic monetary system. [1]
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 stater, as a Greek silver currency, first as ingots, and later as coins, circulated from the 8th century BC to AD 50. The earliest known stamped stater (having the mark of some authority in the form of a picture or words) is an electrum turtle coin, struck at Aegina [2] that dates to about 650 BC. [3]
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.
The Apadana hoard is a hoard of coins that were discovered under the stone boxes containing the foundation tablets of the Apadana Palace in Persepolis. [1] The coins were discovered in excavations in 1933 by Erich Schmidt, in two deposits, each deposit under the two deposition boxes that were found. The deposition of this hoard, which was ...
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 ...