Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Were Ancient Greek coins of different metals but the same denomination worth the same?
>
Reply to Thread
Message:
<p>[QUOTE="7Calbrey, post: 7495889, member: 38412"]Here's my simple and humble opinion. The drachm was a unit of weight. The value of currency was also measured by the amount or weight of precious metal in it. The monetary system began "practically" and had been almost inaugurated with the famous silver Greek Tetradrachm ( 4 drachma ). It weighed nearly over 16 g. As if saying that a drachm weighed nearly 4 g. We're in the early fifth or late sixth century BC. Later, during the reign of Ptolemy II for instance, a bronze drachm was struck. It weighed nearly 68 g . ( so huge ). I conceived that the bronze drachm at that time was equal in value to a silver drachm struck at the same time or period.</p><p>Thus 1 drachm bronze = 68 g. was equal in value to 1 drachm silver = 4 g. That would imply 1 gram of silver was worth 68/4 = 17 grams of bronze at that time.</p><p>This is simply logical, but there were more complicated things or measures or considerations that should be taken into account. Photo: drachm under Ptol II.</p><p><br /></p><p>[ATTACH=full]1295752[/ATTACH] [ATTACH=full]1295753[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="7Calbrey, post: 7495889, member: 38412"]Here's my simple and humble opinion. The drachm was a unit of weight. The value of currency was also measured by the amount or weight of precious metal in it. The monetary system began "practically" and had been almost inaugurated with the famous silver Greek Tetradrachm ( 4 drachma ). It weighed nearly over 16 g. As if saying that a drachm weighed nearly 4 g. We're in the early fifth or late sixth century BC. Later, during the reign of Ptolemy II for instance, a bronze drachm was struck. It weighed nearly 68 g . ( so huge ). I conceived that the bronze drachm at that time was equal in value to a silver drachm struck at the same time or period. Thus 1 drachm bronze = 68 g. was equal in value to 1 drachm silver = 4 g. That would imply 1 gram of silver was worth 68/4 = 17 grams of bronze at that time. This is simply logical, but there were more complicated things or measures or considerations that should be taken into account. Photo: drachm under Ptol II. [ATTACH=full]1295752[/ATTACH] [ATTACH=full]1295753[/ATTACH][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Were Ancient Greek coins of different metals but the same denomination worth the same?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...