Athens – Ancient Greek Currency

Through the Homeric epics we know that transactions then were always calculated using family pets, ever useful for simple societies. Later, metals commenced to circulate in the Mediterranean, the weight that determined their value. Skills were huge pieces of metal weighing about twenty nine kg, in the condition of your stretched sheepskin. About the 7th century, the rich mines of Okazaki, japan Minor achieved it feasible for colonial states to work business using small round pieces of electro, i. e. a mixture of gold and silver. The oldest examples of these coins were found on the eastern Aegean island of Samos. monnaie grecque

In landmass Hellas in the seventh century, transactions were conducted with metallic rods known as obeloi. You could keep six obeloi in the palm of one’s side, and this was called a drax (handful). The word drachma, the Ancient currency up to the the modern, is derived from this word. Inside the 6th century, when yellow metal Persian coins called darks flooded Hellas, the island of Aegina was the first to mint it is own coins, which are rubber stamped with a turtle. Athens followed, cutting drachmas away of pieces of real silver, which on one side showed the mind of the goddess Athena and on the other her sacred bird, the owl, together with an olive branch. The drachma equalled six obeloi, maintaining the old ratio of 1 drax to six obeloi. The best known Athenian coin was the silver tetradrachm (4 drachmas). Its metal was so pure as to enable the people to carry it in their lips, since pockets were unidentified, at least so Aristophanes tells us. Perhaps this is the origin of the custom of positioning a coin on the teeth of dead folks to pay Charon the ferryman who carried them into Hades.

Ever old-fashioned, the Spartans continued to utilise the obelos, even following your use of gold coins became widespread, in order to avoid expensive enhancements, as Plutarch said in the biography of Lykourgos. But Athens imposed their drachma, which became set up in trade as an indication of prosperity. In spite of this, many other urban centers declared their independence by minting their own local currency. Money had joined people’s lives through investing, loans and fraud, all to make profit. Any kind of capable man could have a bench, or trapeza in the Agora, and could serve or guess as he chose. Underneath the incomes policy launched by Solon in the 6th century, competition was what spurred production and exports, making the No momento the pulsating heart of Athens in both the political and commercial ballpark.