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Ancient Coin Project

Ancient Coin Project. Photo by Doug Smith; http://dougsmith.ancients.info/. created by Latin teacher Cathy Scaife for Ancient Coins for Education classroom attribution project. Ancient Coin Project. Photo by Doug Smith; http://dougsmith.ancients.info/. Part I Evolution of Coins. Money.

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Ancient Coin Project

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  1. Ancient Coin Project Photo by Doug Smith; http://dougsmith.ancients.info/ created by Latin teacher Cathy Scaife for Ancient Coins for Education classroom attribution project.

  2. Ancient Coin Project Photo by Doug Smith; http://dougsmith.ancients.info/ Part I Evolution of Coins

  3. Money Latin: pecunia, pecuniae, f. “money” pecus, pecoris, n. “herd, cattle, beast” Greek: chremata, chrematon, n.pl. “possessions, belongings”

  4. Animals and Products as Forms of Money Advantages? Disadvantages?

  5. Metals as Prize Money Bronze cauldron tripods, Olympia, 6th c. BC. Top relief is handle of a cauldron. Copper pots first prize for wrestlers, Homer’s Iliad

  6. Metals as Valued Possessions

  7. Metal as a Medium for Exchange

  8. Metal in Measured Forms Greek obols

  9. Bronze Ingots

  10. Silver Ingots(in pots in which hoard was buried)

  11. Scales and Weights Folding scales: Left of wood and Right of ivory Stone weights and scale pans Egyptian wall painting, tomb at Thebes, 14thc. B.C.

  12. Scales Always Associated with Money and Justice --ANA Museum, Colorado Springs --Seal of Treasury, U.S. Mint --Juno Moneta holding scales on reverse of coin minted by Constantius as Caesar

  13. Earliest Coins of the Mediterranean --approximately 650 B.C. in Lydia --made of electrum, natural alloy of gold and silver King Ardys (652-615 B.C.) ---lump with incuse obverse King Alyattes (610-561 B.C.) ---stater had established weight of 168 grains ---fractional denominations ---reverse die (intaglio) King Croesus (561-546 B.C.) ---bimetallic coinage ---gold content 98% Lydian coin, minted under Croesus, 561-546 B.C. Gold stater, foreparts of lion and bull ANA Museum

  14. Early Greek Coins Silver turtle coins from Greek island Aegina, 500 – 480 BCE Ear of barley, incuse bucranium Lucania, Metapontium, 470-440, silver triobol Arethusa with dolphins; quadriga and Charioteer; Sicily, Syracuse, 485-480, silver tetradrachm Athena owl coin, Athens, 449-431 BC; silver tetradrachm

  15. Athenian Tetradrachma:coin clippedto create smallerdenominations Challenges of Bullion Coinage

  16. Challenges of Bullion Coinage Top: Aeginetan Coinage, relative Denominations Left: Lydian coinage Tiny Coins

  17. Intrinsic Value (metallic value roughly equal to tariff value) vs. Token (Fiduciary) Value (intrinsic value less than tariff value)

  18. Image Sources • Meshorer, Ya’akov. Coins of the Ancient World. Lerner Archaeology Series: Digging Up the Past. (Lerner Publications Company, Minneapolis, 1980). • Russell, Solveig Paulson. From Barter to Gold: The Story of Money. (Rand McNally & Company, Chicago, 1961). • Website by Doug Smith. http://dougsmith.ancients.info/ • Website, American Numismatic Museum. www.money.org • Other coin images donated by supporters of Ancient Coins for Education as listed at http://www.bitsofhistory.comace/CI.html

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