A Brief History Of Coins
- by XpatAthens
- Thursday, 13 September 2018
From the Athenian coin with an owl, to the first Greek minted coin with a sea turtle, there's a long history of where the symbols and coins themselves come from! Portes Magazine is here to tell us a brief history of coins!
"Coins constitute some of the world’s most well-preserved ancient artifacts, offering modern society a true glimpse into the past: a look into international trade, cultural traditions, and prominent figures of the time. And while digital money and cryptocurrencies are trending, the archaic invention of coinage and its adoption as an official means of trade is a phenomenon that shaped the course of history as we know it."
"In Greece, thin long metal rods called ovolos or obelos (singular), preceded the coin. Six oboloi equaled an ancient drachma, which derives its name from the ancient Greek word for grasp or handful: drattomai. This form of legal tender took on a more convenient rounded shape during in the Archaic Age, preceding democracy (508-507 BC). Thus was born coinage."
"According to Aristotle, the first coins were minted by Hermodike II, daughter of King Agamemnon of Aeolian Kyme, while historian Herodotus credits the Lydians, a western Anatolian people. Though it remains unclear as to who first invented this method of payment, as credited with a legion of ingenious inventions, the ancient Greeks are considered the early adopters of minted coins."
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Photo source: Portes Magazine