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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 ...
Only paper money was issued for the second drachma. The government issued notes of 1, 5, 10 and 20 drachmae, with the Bank of Greece issuing notes of 50, 100, 500, 1,000, 5,000 and 10,000 drachmae. This drachma also suffered from high inflation. The government later issued 100-, 500- and 1,000-drachma notes, and the Bank of Greece issued 20,000 ...
In 1970 the Greek junta regime issued a number of commemorative coins with the coup d'état of 1967 as a topic. 50 drachmas, silver and copper, phoenix, soldier, 21 April 1967; 100 drachmas, silver and copper, phoenix, soldier, 21 April 1967; 20 drachmas, gold and copper, phoenix, soldier, 21 April 1967
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 ...
Ancient drachma, an ancient Greek currency; Modern drachma, a modern Greek currency; Cretan drachma, currency of the Cretan State; Drachma, a moth genus; See also
Tetradrachm struck at the Temnos mint c. 188 –170 BC, showing Alexander the Great in the guise of Heracles and Zeus seated. The tetradrachm (Ancient Greek: τετράδραχμον, romanized: tetrádrachmon) was a large silver coin that originated in Ancient Greece.
During the Peloponnesian War, a trireme crew of 200 rowers was paid a talent for a month's worth of work, one drachma, or 4.3 grams of silver per rower per day. [7] According to wage rates from 377 BC, a talent was the value of nine man-years of skilled work. [8]
The Attic weight was based on a drachma of 4.31 grams, but in practice the main denomination was the tetradrachm or four-drachma coin, which weighed approximately 17.26 g [1] in silver. For larger sums, the units of account were the mina (100 drachmae or 435 g), and the talent (6,000 drachmae or 26.1 kg).