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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 ...
In addition, the story of the "Lydian" origins of the Etruscans was not known to Xanthus of Lydia, an authority on the history of the Lydians. [59] Later chronologists ignored Herodotus' statement that Agron was the first Heraclid to be a king, and included his immediate forefathers Alcaeus, Belus, and Ninus in their list of kings of Lydia ...
Early 6th century BC coin minted by a King of Lydia Herodotus states in his Histories that the Lydians "were the first men whom we know who coined and used gold and silver currency". [ 5 ] While this specifically refers to coinage in electrum , some numismatists think that coinage per se arose in Lydia. [ 6 ]
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] The Persians also minted posthumous Croeseid half-staters, with a weight of 5.35 g, which would become the weight standard for the later Sigloi, introduced at the ...
5-sol French coin and silver coins – New France; Spanish-American coins- unofficial; Playing cards – 1685-1760s, sometimes officially New France; 15 and a 30-deniers coin known as the mousquetaire – early 17th century New France; Gold Louis – 1720 New France; Sol and Double Sol 1738–1764; English coins early 19th century
The “stater” coins were found at less than 30cm below the surface of the soil amount to 11 years in wages for an ordinary Roman soldier, according to the Dutch National Museum of Antiquities.
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]