Making money out of making money in ancient Athens
Gillan Davis,
Francis Albarède
Abstract:The observed weights of ancient coins are usually less than the nominal ‘ideal’ weights of the coin standards to which they belong because state authorities took a fee, ‘seigniorage’, for minting coins to cover costs and make a profit. The basis for calculating the amount taken by the state and the way it administered manufacture are not well understood. Here we analyse the weights of 1,344 of the earliest coins of Athens (c.550‐479 BC). We reveal a parabolic relationship between the cost of the silver and the… Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.