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Their intrinsic value fluctuated according to their gold and silver content; but the weight of the unit was fairly steady at about seven to eight grams, and the types stamped on them were the guarantee of authority.
Croesus’ relations with Greece were close, and his bimetallic system may have owed something to the fact that Greece had itself now produced its first silver coins.
Ambition and pride stimulated two neighbouring powers to strike their own coins.
) was coining silver from about 575 with a light drachma of about three grams, and it is reasonably certain that in Athens, in the first half of the 6th century, Attic coins, based on a drachma of about 4.25 grams derived from Euboea and with a variety of obverse types, including an owl (the reverses, like those of the Corinthian pegasi, were impressed with a die design), were supplanting the earlier coinage of Aegina.
One result of such widespread commercial contacts is that certain currencies acquired special international preeminence.
In ancient times, those of Athens, Corinth, and was struck at mints widely scattered throughout his vast empire and was universally accepted.
The foregoing metals furnished most currencies until the early 20th century, when the appreciation in value of gold and silver and the need to economize led to the general production of In both the East and the West, coinage proper was preceded by more primitive currencies, nonmonetary or semi-monetary, which survived into the historic age of true coins, and may have derived originally from the (prehistoric tools resembling chisels) and bronze rings frequently found in hoards in western Europe probably played a monetary role.
Even in modern times such mediums of exchange as fishhook currency have been known., gold rings long served the dual purposes of adornment and currency, supplemented by gold and silver bars from which segments could be cut.
Silver, however, was nearly always powerful in Roman currency and was the major coinage metal of Europe from the 8th to the 13th century.
Bronze or copper was first used for small change in Greece from the late 5th century and in the Roman and Byzantine systems as well; the vast currency of China consisted of base metals down to modern times.
In medieval times, the gold dinars (a term derived from the Roman denarius) of the early caliphs and the gold ducats of Florence and Venice played a similar role—as did the silver dollars of Mexico, the of Austria, and the gold sovereigns of Great Britain in modern times.Tags: Adult Dating, affair dating, sex dating