You asked: What coins did the Greeks use?

The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the …

What coins are used in Greece?

Modern drachma

Drachma
Freq. used ₯200, ₯1,000, ₯5,000, ₯10,000
Rarely used ₯50, ₯100, ₯500
Coins
Freq. used ₯5, ₯10, ₯20, ₯50, ₯100, ₯500

What did the Greeks buy with their coins?

A heavy coin would buy more than a light one. An unskilled worker, like someone who unloaded boats or dug ditches in Athens, would be paid about two obols a day. A small silver coin – a drachm was a man’s average daily wage. A large silver coin – a tetradrachm would buy luxuries such as jewellery, horses or weapons.

What did Greece use before the euro?

The drachma was Greece’s national currency from 1833 to 1 January 2002, when euro banknotes and coins were put into circulation in Greece, at the same time as in the other euro area countries.

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Why did ancient Greeks use coins?

These coins were issued either by the non-Greek Lydians for their own use or perhaps because Greek mercenaries wanted to be paid in precious metal at the conclusion of their time of service, and wanted to have their payments marked in a way that would authenticate them.

What currency did Sparta use?

Allegedly, Spartans were prohibited from possessing gold and silver coins, and according to legend Spartan currency consisted of iron bars to discourage hoarding.

Where did Greeks put coins?

Usually Greeks carried coins in their mouths since their clothing lacked pockets. When someone died they were buried with a couple of coins in their mouth to pay the ferryman Charon their passage across the river Styx to the underworld.

What are ancient Greek coins worth?

A dekadrachm was worth 10 times a drachm, a tetradrachm was worth four times, and so on. Fractional denominations for the drachm included the obol, which was worth one-sixth of a drachm, while the stater, which was often produced in gold, could have equal or even greater value than a drachm, depending on its size.

Who invented coins?

Coins were introduced as a method of payment around the 6th or 5th century BCE. The invention of coins is still shrouded in mystery: According to Herdotous (I, 94), coins were first minted by the Lydians, while Aristotle claims that the first coins were minted by Demodike of Kyrme, the wife of King Midas of Phrygia.

What currency did ancient Greece use?

drachma, silver coin of ancient Greece, dating from about the mid-6th century bc, and the former monetary unit of modern Greece. The drachma was one of the world’s earliest coins. Its name derives from the Greek verb meaning “to grasp,” and its original value was equivalent to that of a handful of arrows.

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What are Greek coins made of?

Greek coins were made using mostly silver but also gold, electrum (a naturally occurring alloy of silver and gold), copper alloy, and bronze.

Is Greek still using the euro?

The euro banknotes and coins were introduced in Greece on 1 January 2002, after a transitional period of one year when the euro was the official currency but only existed as ‘book money’. The dual circulation period – when both the Greek drachma and the euro had legal tender status – ended on 28 February 2002.

What is a four drachma coin?

The four-drachma (or shekel) coin would be exactly enough to pay the temple tax (two-drachma coin) for two people. It is usually thought to be a Tyrian shekel. The coin in the fish’s mouth is generally seen as a symbolic act or sign, but there is little agreement concerning what it signifies.