Articles tagged with: drachma

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Ancient silver coin

Do You happen to know how much in American dollars was paid for a small silver coin collection of the Roman Empire at Sotheby’s?
More than four thousand years ago people did not have the slightest idea about money. Their exchange of handicraft things for cattle, grain, fells was known as a barter. Later precious metals, mostly gold and silver, were accepted as the way of payment. They were expensive and therefore wholesales demanded just a small quantity of precious metals. It gave way to appearance of weight money - bullions …

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8 “Or what woman, if she has ten silver coins and loses one coin, does not light a lamp and sweep the house and search carefully until she finds it? 9 “When she has found it, she calls together her friends and neighbors, saying, ‘Rejoice with me, for I have found the coin which I had lost!’ 10 “In the same way, I tell you, there is joy in the presence of the angels of God over one sinner who repents.”
Parallel Translations:
International Standard Version (©2008)
“Or suppose a woman has ten …

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What is the name for the money they used in Ancient Greece?
Before 600 B.C. there was no monetary system in Greece, so they utilized the barter system. This was a system of trading goods and services for other goods or services. By 500 B.C., each city-state began minting their own coin. A merchant usually took coins from their own city only. Visitors had to find a money changer to exchange their coins. Typically a 5-6% fee was charged to exchange visitor’s currency to the local currency.
Initially a drachma was a …