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Reducing the weight of the gold stater to 8.1 grams also allowed to simplify the exchange mechanism between gold and silver, as now 1 gold stater of 8.1 grams corresponded precisely in value to 10 silver staters of 10.7 grams, or to 20 silver coins of 5.35 grams (weight of the future Achaemenid Siglos), since the current exchange rate on a ...
The weight of either precious metal could not just be weighed so they contained an imprint that identified the issuer who guaranteed the value of its contents. [31] Today we still use a token currency, where the value is guaranteed by the state and not by the value of the metal used in the coins. [32]
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]
To complement the stater, fractions were made: the trite (third), the hekte (sixth), and so forth, including 1 ⁄ 24 of a stater, and even down to 1 ⁄ 48 and 1 ⁄ 96 of a stater. The 1 ⁄ 96 stater was about 0.14 grams (0.0049 oz) to 0.15 grams (0.0053 oz). Larger denominations, such as a one stater coin, were minted as well.
The largest of these coins are commonly referred to as a 1/3 stater (trite) denomination, weighing around 4.7 grams, though no full staters of this type have ever been found, and the 1/3 stater probably should be referred to more correctly as a stater, after a type of a transversely held scale, the weights used in such a scale (from ancient ...
Discover More: 8 Rare Coins Worth Thousands That Are Highly Coveted by Coin Collectors If you are a collector, saver or even accidental hoarder of your old belongings, you could be sitting on a ...
It seems that Cyrus initially adopted the Lydian coinage as such, and continued to strike Lydia's lion-and-bull Croeseid coinage. [7] The stater coins had a weight of 10.7 grams, a standard initially created by Croesus, which was then adopted by the Persians and became commonly known as the "Persic standard". [9]
In the highest mint grade, this coin sells for around $141,000. 2007-S John Adams Proof: This coin has “zero flaws” and is expected to become rarer in the future, according to CoinValueLookup ...