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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 Athenian coinage decree also known as the Standards decree was a decree made by the Athenians to standardise currency amongst the states with whom they were allied. Between the years of 450 and 447 BC, the use of Athenian silver currency and Athenian weights and measures was made obligatory in all allied states of the Athenian Empire. [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 ...
Attic weight, or the Attic standard, also known as Euboic standard, was one of the main monetary standards in ancient Greece. As a result of its use in the coinage of the Athenian empire and the empire of Alexander the Great, it was the dominant weight standard for coinage issued in the Eastern Mediterranean from the fifth century BC until the ...
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]
Where the money goes. Some well-known fountains can collect thousands of dollars in coins each year. According to an NBC report from 2016, the Trevi Fountain accumulated about $1.5 million in ...
In Classical Athens, obols were traded as silver coins. Six obols made up the drachma. There were also coins worth two obols ("diobol") and three obols ("triobol"). By the fifth century BC, variations on obols expanded to include coins worth one and one-half ("trihemiobol") obols and half obols ("hemiobol").