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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 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 Bank of Greece issued notes from 1928 until 2001, when Greece joined the Euro. Early denominations ranged from 10 to 500 drachmae. Early denominations ranged from 10 to 500 drachmae. Smaller denominations (1, 2, 3 and 5 drachmae) were issued from 1885, with the first 5-drachma notes being made by cutting 10-drachma notes in half.
Greece did not enter the Eurozone until 2001 and was not able to start minting coins as early as the other eleven member states, so a number of coins circulated in 2002 were not minted in Athens but in Finland (€1 and €2 – mint mark S), France (1c, 2c, 5c, 10c and 50c – mint mark F) and Spain (20c – mint mark E). The coins minted in ...
Wappenmünzen didrachm featuring the Gorgoneion design, c. 545-525 BCE. Wappenmünzen (German: Wappenmünzen, lit. 'Heraldic coins', singular Wappenmünze, pronounced [ˈvapənˌmʏntsə]) are the earliest attested form of Athenian coinage, minted in Ancient Athens under the Peisistratids during the late 6th century BCE.
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]
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.
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.
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