Archive for the 'money' Category

Object: Silver Drachm of Alexander the Great

Figure 1 Drachm of Alexander the Great from Classics Collection of the Sam Noble Oklahoma Museum of Natural History

Figure 1 Drachm of Alexander the Great from Classics Collection of the Sam Noble Oklahoma Museum of Natural History

C/1981/1/10
Macedonian
Greece
336-323 B.C.
Materials: Silver

When Alexander the Great, or Alexander III of Macedon, came to power, he entered into an already expansive empire of Greek city-states built by the expeditions and military successes of his father, Phillip II. Alexander followed his father on campaigns, received the best education from tutors, such as Aristotle, and successfully gained the throne at the age of 20 after his father’s murder. Unfortunately, at the beginning of his reign, he inherited both the land his father had conquered as well as the great amount of debt his father acquired while trying to enforce his claim as hegemon of Greece. For this reason, Alexander had to borrow money early in his new reign in order to provide the financial means to secure the borders of his empire. He pursued his father’s legacy of conquest and after much warring, more debt, and victories against the Persian realm, Asia Minor, and various other territories, he finally gained the resources he needed to continue his military efforts and pay his debts. Alexander then ruled a massive empire that reached from the Adriatic Sea up to the Indus River. He wanted to extend his rule all the way to the end of the world. So, he required great sums of money to afford his expensive troops, pay for supplies, and provide presents to significant cities and persons in order to maintain important ties. His need for coined money was great while he was trying to fund his campaign, so be began introducing his own currency, the date of which is under dispute. This currency system would unexpectedly gain validity in years to come.

The most prevalent coins of Alexander’s reign were the drachm and tetradracm. While coins struck in that time often had minor differences because of the sloppiness of technique by which they were created, the drachm was usually about 18 mm wide and made of silver. The process of striking the coins, commonly believed to have been made of smelted silver and gold gained from Alexander’s campaign, involved “an oven for heating blanks (flans), tongs for handling hot flans, a table or bench on which an anvil was mounted, and a pair of dies struck with a heavy hammer to impress the design into the flans” (Classic Coins). Dies were made of hard bonze or iron. One (the obverse die) would be mounted on the anvil while the other (reverse die) would be struck to make the impression as the punch. There has been some debate about the techniques used for both creating the flans as well as the actual striking of the coins since artisans wanted to protect the security of the coins so they could not be illegally copied. To learn more about how we believe blanks and coins were most likely created in Alexander’s time, take a look at this video:

Similar to the coins made before his time, Alexander’s drachm portrayed the head of Hercules on the obverse (front) and Zeus, father of Hercules sitting in his throne holding a scepter and eagle on the reverse (back). There are many theories as to why Alexander chose the image of Hercules for this coin. Some contend that it was a way, in keeping with previous tradition, to proudly link the possible lineage of the Argead dynasty to the profound hero. Others believe it was to show the pronounced physical likeness between Alexander and the hero Hercules. Yet others believe Alexander wanted to portray himself as a symbolic figure of heroism to the people he was exchanging and trading with (Kampmann). Hercules was a renowned hero in Greek mythology, and the lion headdress he wears on the drachm is believed to have portrayed his heroic slaying of the Nemean lion. Lions were also an important symbol for Macedonia, where this specific coin is believed to have been created.

Coins created during Alexander’s reign were believed to be sound money because those who exchanged them knew they were regulated by magistrates and thoroughly inspected by their creators. Often these magistrates marked the coins with their official symbols or monograms, and it was not uncommon to find test cuts made in coins where a person had checked to make sure they were of good quality silver. During his lifetime, there were 26 mints producing his coins. After his death at the age of 32, there were nearly 52 mints, representing the peak of coin production for the Alexandrian Empire. Alexander’s empire devolved into many city-states after his death, and they were warred over by his generals. These conflicts were called the Wars of Diadochi, and they lasted until finally they decided to crown Alexander’s brother as king until Alexander’s son could come of age. In this time after his death, there are many who argue that the head of Hercules on coins began to show characteristics of Alexander’s features. This is believed to show both the prominence and acceptance of the coins in the Greek and non-Greek worlds as well as a way of remembering the legacy of the king who created them. However, coins differed across different regions and varied based on the reasons they were used. In any case, it is evident that the coins of Alexander the Great of Macedon left a great and lasting impression on the field of numismatics.

[Destiny Trejo]

Sources:

Art Institute of Chicago
2012    Launchpad: Coin Production in the Ancient Greek World. Facebook. https://youtu.be/naA87x15MiU

Classical Coins
N.D.    How Ancient Coins Were Made. Classical Coins. Kampmann, Ursula

2015    The Coins of Alexander the Great of Macedonia. CoinsWeekly.
http://www.coinsweekly.com/en/archive/8?&id=67&type=a

British Museum
2007    Coin of Alexander the Great, III. Self made, Photographed at the British Museum. http://www.britishmuseum.org/explore/highlights/highlight_objects/cm/s/coin_with_head_of_alexander.aspx

Tsweb
2014    Alexander the Great: between god and man. Museum of the National Bank of Belgium. http://www.nbbmuseum.be/2014/04/alexander-the-great-between-god-and-man.htm

Object: Brass Weight

E/1957/26/19
Weight for measuring gold
Ashanti (or Asante)
Africa: Guinea Coast: Ghana
Ca. 15th-19th Century
Materials: Cast Brass

This African object is a weight made out of brass that was used for weighing gold dust. It is very small, only 1.5” long by 0.75” wide, and it was cast, or molded, to look like the body of a beetle.

The “Gold Coast,” located on the Gulf of Guinea in Africa, has long been known for the large quantities of gold found there. The Portuguese were the first Europeans to arrive in this area in the 1400’s, but they were soon followed by the British, Dutch and other European explorers. The British seized the area in 1867, forming the British colony known as the “Gold Coast.” Between the 15th and 19th century, gold dust served as the primary currency for the West African country of Ghana, particularly for the Ashanti (also known as the Asante) people. Most households had their own set of weights and scales so that they could conduct their own transactions. These interesting little weights were made in a variety of shapes and sizes including  geometric shapes, animals, plants, and even common household items such as a stool or a hammer.

These tiny weights were made in a really interesting way. They were first formed out of beeswax. This beeswax was then covered in clay, which was allowed to dry and harden. It was then placed into a fire, where the beeswax melted out, leaving a hollow form in the clay. Then, molten brass was poured into this clay mold, and, as it cooled and hardened, it took on the shape of the original beeswax form. The clay was then broken away so that the solid brass weight emerged completely finished. This method, known as the “lost-wax” method has been used for centuries in many cultures around the world. This particular beetle weight from the Ethnology Collection, however, was created using an unusual adaptation of this method. Instead of creating a shape out of beeswax and then covering it in clay, a real live beetle was covered in clay. Once the clay dried and hardened, the dead beetle was burned out of the mold, leaving an impression of the insect in the clay. It was then filled with molten brass and allowed to harden just like the lost-wax method.

Because everyone had a different set of weights, both parties always had to check the value of the gold dust with their own weights so they could be sure they were getting a fair deal. These weights therefore needed to be small and portable so they could be easily carried around. Anyone who found gold dust could keep it, but large nuggets, or pieces, had to be surrendered, or handed over, to the royal court. This gold was then exported to Europe and became the basis for British currency. It was not until 1957 that the Ashanti people finally regained their independence and formed the Republic of Ghana. It was around this same time that gold dust was replaced by the coins and paper money in use today.

Take a look at this interesting video showing contemporary Asante artists working in the lost-wax casting method:

[Stephanie Lynn Allen]

Object: Shell money

E/1955/6/21
New Hebrides: Oceania
Date Unknown
Materials: Limpet shells, grass fiber

Shell money is commonly used in the Oceanic region, particularly in Melanesia and the Solomon Islands. It’s production involves diving for seashells, filing them down to the correct size and shape, drilling a hole in the center, and finally stringing them on fibers to create loops of shell money. Long strings of this money are called fathoms, and objects are “purchased” by a certain number of fathoms, depending on what the item is, but always rounded to units of ten (20 fathoms, 30 fathoms, etc.).

This money is used to pay for necessities such as marriage and bride wealth, pigs, and to sponsor feasts and ceremonies with the intention of doctoring diseases, settling disputes, sacrificing to the deceased and publicly expressing alliances. The amount paid is dependent on who is involved in the transaction, their relationship to each other, and the overall value of the goods or services being exchanged.

The Melanesian form of money has often been referred to not as “real money”, but rather a type of substitute for currency. This is due to its different uses and societal obligations. In capitalist societies, money is completely detached and separate from interpersonal relationships, giving economic transactions no social implications. There are certain criteria for what distinguishes money from other forms of exchange. It has defined values, can be divided and is used as a medium of exchange for goods and services. Melanesian money is more intertwined in the society as a socio-political exchange, rather than just simply a market exchange. Shell money has intrinsic character and prestige that creates and builds relationships, which is very different from a market economy where money is detached and impersonal.

Today, this type of economic system is accepted as “real” money, and recognizes the fact that currency cannot be analyzed based on Western and capitalist standards. Rather, since these shells are being used as a medium of exchange, which is the primary criteria for defining money, it is now widely acknowledged that this system is a legitimate economy, trading and purchasing things beyond just commodities and commercial goods.

[Kristina Sokolowsky]


Ethnology @ SNOMNH is an experimental weblog for sharing the collections of the Division of Ethnology at the Sam Noble Oklahoma Museum of Natural History.

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