Articles tagged with: drachma

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Ancient Greek coins are similar in appearance to modern ones. For a period of 1000 years and considering the small cities states and the colonies we can assume that there exists a rich set of different coins. The drachma (Δραχμή) was a currency that also the new Greek State adopted and that is now replaced by the EURO. This ends the history of the drachma which lasted for more than 1 millennium.
Like other manufactured products in ancient Greece, Greek coins were made by hand. A blank metal circular “flan” was …

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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 …