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Ancient coins are perhaps the most enigmatic of archeological remains.
As intrinsically mobile objects, they are often found far away from
their original context both in distance and in time. They cannot
be dated by scientific or technological methods. In and of themselves,
coins can only tell us so much about their many functions throughout
history. Fortunately, there are many mentions of coins in the extant
texts of ancient Greece from which we can begin to create a context
for the study of old money. While antiquity has left us no comprehensive
treatise on the developments in the use of coinage, even literary
references which are incidental or passing can illuminate the study
of ancient coinage immensely. The following are a few examples of
literary references to coins, taken from a range of periods and
genres, each of which gives us a unique perspective on some aspect
of coinage in the ancient world.
The earliest mention of coins in Greek literature is in Herodotus'
Histories, which was written down circa 425 BCE. Herodotus
attributes the invention of coinage to the Lydians in the time of
king Croesus:
Apart from this practice of having their female children work as prostitutes,
Lydian customs are not very different from Greek ones. They were the
first people we know of to strike gold and silver coins and use them,
and so they were also the first to retail goods (I.94)
There is disagreement as to whether or not archeological evidence
supports Herodotus' claim. Nevertheless, it is clear that fifth-century
Greeks themselves considered the use of coinage to have originated
not in their own land, but in Asia Minor. This is significant given
Herodotus' general portrayal of the Lydians: as a people they were
tyrannical and given to Asiatic fopperies which the Greeks associated
with femininity. The immediate context of Herodotus's history of
coins is particularly striking, as occurs within a short list of
the specific differences between Lydians and Greeks. This list includes
prostitution and games, and while the former is not a particularly
seemly aspect of culture, it is unclear whether or not Herodotus
means for us to form any particular opinion about coins through
association. What does seem fairly certain is that Herodotus feels
it necessary, for whatever reason, to make a point of separating
the development of coinage from the development of Greek culture
on the mainland.
In addition to the geographical location of the invention of coins,
Literary sources can give us insight into the ways in which the
Greeks, at various times, explained the reasons for the origin of
coinage. Aristotle's Politics, composed in the mid-fourth
century BCE, compares a coin-based economy to the older system of
barter:
The other form of exchange grew, as might have been inferred, out
of this one [i.e. barter]. When the inhabitants of one country became
more dependent on those of another, they imported what they needed,
and exported what they had too much of, money necessarily came into
use. For the various necessities of life are not easily carried
about, and hence men agreed to employ in their dealing with one
another something which was intrinsically useful and easily applicable
to the purposes of life. (1257a30-35)
Given the archeological evidence surrounding the earliest Greek
coins, it is not at all clear that their primary function was to
facilitate retail trade. Aristotle is writing as a political theorist,
and the fact that this explanation for the development of coinage
seems most logical to him tells us more about the capacity in which
coins were considered most useful during his own time. What is perhaps
most interesting about this passage is that, in comparing coinage
to the barter, Aristotle makes a connection between a monetary system
and increased civilization. Whereas in Herodotus coinage was something
associated with foreigners and tyrannical governments, the Politics
displays the sense among fourth-century Athenians that coinage was
a symbol of their advancement as a society.
Ancient literature can give us answers to some questions we might
not have thought even to ask. For example, Aristophanes' Birds:
Pisthetairos: Right. The Kites were the kings of Hellas.
And it was during their reign that the custom began in Greece of
falling flat on your face whenever you saw a Kite.
Euelpides: You know, I once spotted a Kite and went down on
the ground so damn hard I swallowed my money and two of my
teeth. I damn near starved (500-04)
Euelpides' comment brings to light the question of how the ancient
Greeks actually carried their coins. The Greeks did not have pockets
in their garments, and it seems that when they went shopping they
carried small change in their mouths. In her commentary on the Birds,
Nan Dunbar suggests that this was a standard practice in Athens,
and that it was possibly a precaution against theft. However, the
Birds is a comedy, and Aristophanes rarely includes details
such as these without many layers of intended humor. It is possible
that the carrying of coins in the mouth signifies a particularly
cowardly sort of person, which would make the joke of falling prostrate
in front of a kite all the more funny.
Hopefully, the above selections have given the reader a sense of
both the diversity of perspectives and the variety of information
which ancient literature adds to the study of the history of coinage.
For a more complet discussion of coins in ancient literature, please
see Leslie Kurke's Coins, Bodies, Games,and Gold (Princeton
University Press, 1999).
WORKS CITED
Herodotus, The Histories, trans. Robin Waterfield (Oxford:
Oxford University Press, 1998) 44
Aristotle, The Politics, trans. Stephen Everson (Cambridge:
Cambridge University Press, 1996) 22-23
Aristophanes, The Birds, trans. William Arrowsmith (New
York: Meridian, 1961, 1994) 225
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