times. Besides the ordinary Euboic and Aeginetic standards we find others such as the Rhodian, and the Ptolemaic, the former so named because the island of Rhodes from the beginning of the 4th century B.C. ceased to strike tetradrachms of the full Attic weight of 270 grs. and coined instead pieces which range in weight from 240 to 230 grs., the latter getting its name from the dynasty of the Lagidae, who quickly dropped the full weight of the tetradrachm (270 grs.) as struck by Alexander, and reverted to the Phoenician silver of 220 grs., which they used not only for silver, but also for gold; it is to this last fact that the name Ptolemaic as given to the standard is really due, for as a standard for gold it was certainly new. But not merely shall we find coins standing so far apart from the usual standards that we are obliged to give them distinctive appellations, but we likewise find various modifications of the Aeginetic in various places, whilst in some parts of northern Greece and Thrace we shall find the so-called Phoenician and Babylonian standards in occupation. It is hardly possible that mere degradation of weight will account for all the phenomena; accordingly the object of this section will be to show that from first to last the Greek communities were engaged in an endless quest after bimetallism: we shall find, as we have already indicated, that whilst the gold unit never varies in any part of Hellas until a late epoch, the silver coins exhibit differences not merely between one district and another, but even between one period and another in the self-same city or state. There is incontrovertible evidence to prove that the same trouble was caused by the fluctuation in the relative value of gold and silver as arises in modern times. Xenophon[1] in his treatise De Vectigalibus (speaking of the benefit likely to accrue to the state if the silver mines of Laurium were better worked) makes the most interesting remark that "if any one were to allege that gold too is not less useful than silver, that I do not deny, yet this I know that gold, whenever it turns up in quantity,]
- ↑ Xenoph. De Vectigalibus, iv. 10, [Greek: ei de tis phêseie kai chrysion mêden êtton chrêsimon einai ê argyrion, touto men ouk antilegô, ekeino mentoi oida hoti kai chrysion hotan poly paraphanê, auto men atimoteron gignetai, to de argyrion timiôteron poiei.
