Recent posts suggest confusion on why there are so many denominations from so many places and we just don't know how to make sense of them. I say there is no simple answer - at least not one I can understand. Today, Rob Tye posted free to the world one chapter of his book Early Coins and Early Weight Standards. I have previously told you to buy it but, IMHO, the chapter he posted is my least favorite and probably his most favorite. Mr. Tye is deeply interested in Metrology and weight standards while I come to coins more for art, history and technology. I found the rest of his book enjoyable and informative. I found this one chapter required an almost mystical belief in the power of numbers to separate its truths from randomness. Those of you who have any interest in weights and measures should read this free chapter and then go out and buy the rest of the book (paperback) to get the parts that I considered within my range of comprehension. https://www.academia.edu/6882687/Coin_Weight_and_Historical_Metrology http://www.vcoins.com/en/stores/eci...t_standards_by_robert_tye/122540/Default.aspx
okay, done ... thanks for the book-recommendation ... ... I really like his illustrations (I am looking forward to thumbing-through and learning a bit/lot more about this subject) Ummm, hopefully the book mentions something about those wonderful Sicilian cast Trias and Tetras?
I can fully support the recommendation of this book by Doug. I only had this for some weeks. So have to study it a bit more. This is what it looks like: It has a catalog part, but is not intended as a comprehensive catalog of Roman and Greek coinage. However, for ancient collectors with a side interest in oriental coins this is a great book. For the oriental catalog part covers most "common" oriental ancient coins which you are most likely to encounter, and which are still affordable. Concerning the more theoretical metrological part i partly agree with Doug. I think it is a very commendable effort that mr Tye tries to link monetary systems and their interactions and does not view them in isolation. For the design part of the coinage i think he has succeeded. On the other hand, he may go to far in postulating a web of weight based interdependencies which partly might be coïncidence. However, in the introduction, mr Tye clearly also asks for feedback and an open debate on the subject. I have no direct link with mr Tye, but in recent contact found him to be a very approachable person. I think he would very much welcome any comments and founded critique sent to him directly !
Interesting read, I thoroughly enjoyed it. I have spent much time myself studying the issue as best I can in order to better understand the correlation of the various coinages from various countries. Tye's research goes much further back than I ever cared to, but it also shows where the very roots of the system come from. That said, from one country/state to another things were rarely equal as it seems that each chose its own set of standards to follow, as indicated by the simplistic chart below. The pound was used as a standard weight, but every city had its own pound with a differing weight, so the problems were enormous. The mark of Cologne, Germany, was the general standard until the 1800s, so the following list is a comparison with that standard: Cologne = 2 marc = 467.620 grams French = 2 marc = 489.506 Aachen = 32 loth = 467.040 Amsterdam troy = 2 mark = 492.168 Antwerp = 2 mark = 468.800 Hamburg = 512 pennyweight = 484.690 Lisbon = 2 marcas = 459.100 Lucerne = medical pound = 357.950 Munich = 560.000 Naples = 12 ounces = 320.759 Stockholm = 425.34 (I found it interesting that this basic list for the most part jives with Tye's numbers.) In virtually all countries coins were minted on a basis of X number of coins per marc, or pound, or ounce, etc. For purposes of understanding the above is shown in grams to show the correlation of them all to the others. Now as to the reason of why they did this, had such differences, which was your question, I have always thought the answer to be rather simple. It was to show and declare their individuality, their sovereignty. In other words, one of the simplest and most basic driving forces of man - ego. And of course there is one other issue, one other driving force, that must not be overlooked or forgotten - greed. If nothing else history has shown us that for greed, in the interest of profit, man has usually been willing to forego ego. This is evidenced by another of my favorite subjects, the almost universal adoption of a single currency - the ducat. But that is another story.
My book arrived today (yeeesssss => it is very, very cool) ... thanks for recommendation ... Man, the dude's sketches are amazing ... it is a neat addition to my humble library!!
People often criticize his lack of photos but the line drawings are much better for so many coins that never are found with half of the design on flan (many Eastern coins fit this).
The line drawings are a great help in most cases. However, if i could choose, i'd rather have both a line drawing and 1 or 2 photo's. The problem with the line drawings is that it already is an interpretation of what the researcher thinks to see. On several occasions i found that line drawings showed small errors if you looked closely at the original photographs in other books. I think Mr Tye is not fluent in written Arab (nor am i). In the book i encountered a few transcriptions of Arab legends which raised some doubts when i compared them with my specimen and known interpretations of the texts.
Script languages to include Arabic, Nagari and cursive English vary a lot from hand to hand. Add to the mix the fact that some are not just legends but artwork loosely based on some concept of the legends and you may really have a problem. I certainly agree that the best answer is the drawing supported by a dozen examples of real coins selected to show not just the best but what one can expect to find in the market. Especially when dealing with issues that reproduce less than half of the die on any individual coin, there may not be a correct answer unless we are willing to turn a book like Mr. Tye's into a multi volume, multi $K set. I do find that looking at a drawing makes it easier for me to orient (define 'up') some coins with more accuracy than many photos.
I don't think we disagree in this. The line drawings are usually far easier to interpret. It is in making the next step, in being able to read the coins themselves. There i found i learned most from the pictures of coins where someone had made an additional overlay line drawing to convey the textual parts. Luckily, on the internet that is quite easy. Like this one: (OK a bit colorfull, but illustrates the basic idea) In books compromizes will have to be made, and i can live with that.
i don't know why the helps so much, but it sure does. without the colored markings my brain just want it make it an abstract pattern, even though i know it isn't.
I just now joined cointalk because I came across this old thread by chance on the web, and I felt GDJMSP was making interesting suggestions on important matters that most times get neglected – that is to say – why did old weight standards vary state to state. Ego and greed are both in play I feel, or at least – state identity and state financial interest – and it would be nice to analyse these matters further. However rather than jump in the deep end, lets try unpick some of the standards GDJMSP lodged: ie Cologne = 2 marc = 467.620 grams French = 2 marc = 489.506 Aachen = 32 loth = 467.040 Amsterdam troy = 2 mark = 492.168 Antwerp = 2 mark = 468.800 Hamburg = 512 pennyweight = 484.690 Lisbon = 2 marcas = 459.100 Lucerne = medical pound = 357.950 Munich = 560.000 Naples = 12 ounces = 320.759 Stockholm = 425.34 Traditionally many of these are claimed to be linked – as follows (modern exact standard of course drift a little from medieval intentions) Cologne = Aachen = Antwerp = 16 oz London tower/sterling Also 16 oz London tower/sterling = 15/16 x Troy, where Troy = the Arabic Ratl Kabir French = 18 Roman ounces, where 16 Roman ounces = Attic mina = 7/8 Troy Amsterdam = 20/19 Cologne Lisbon seems to be fixed at 100 x the Muwahhid dinar Early modern sources try make it a low version of Cologne, or alternatively, a high version of 16 oz Florence (454g = British imperial = US customary = 100 Roman solidi (?)). Both possiblities seem a bit odd though Naples looks a lot like a lowish pitch for Roman commercial 12oz I am open to suggestions for Stockholm, Munich, and Hamburg. Lucerne – looks like it might be 12oz to the Venice standard – but that just a guess Anyhow – all these matters are somewhat controversial – this is just to try get the ball rolling – and suggest that if we go back in time, we seem to find more and more links – as if standards were diverging over time from simpler systems. Note also the dominant role of Binary fractions. Its simple arithmetic for instance to show that (theoretically ) French Troyes = 63/64 English Troy
Update: I still really recommend Rob Tye's book as shown earlier in this old 2014 thread but please don't buy one from Amazon books where they are priced like gold when they are still available in the UK for the issue price. Yes, postage will be as much as the book but it is a good book (just not quite as precious as Amazon might believe). https://www.amazon.com/Early-World-...9238407&sr=8-2&keywords=the+early+world+coins
I agree... looked into this book the other day, and was not interested in $130 at this point. SO, I checked the "Other Buying Options" with Amazon: $661.59 & FREE Shipping + $0.00 estimated tax Used - Acceptable Cover appears used and pages may show heavy wear. May have notes,... » Shipping rates and return policy. Red Rhino 4.5 out of 5 stars 93% positive over the past 12 months. (6,960 total ratings) Ummm... no Amazon. Will review other sources.
Hello Doug (Smith), No takers so far on the suggestions I put up earlier – and in fact this does not surprise me – so I will try to unpick this matter further. You are clearly one of the most generous spirited guys I ever came across – so nothing personal at all in what follows! You write: DS > On the other hand, he may go too far in postulating a web of weight based interdependencies which partly might be coincidence. Well that raises a whole barrel of philosophical problems. Leibniz for instance seemed to think everything that ever happened was a co-incidence. I was careful to say (and I put it in bold – but even then - few read it) that what I offered were ‘best guesses’. So I am happy to get, in any particular case, either a better guess, or notice of a fatal flaw. But there is no possible reply I can make to the extreme sceptic who says all I put might be just coincidence. To put it another way – David Hume worried about whether the sun would come up tomorrow. I do not. Life is too short. There is a deeper problem here though, since the line you take is without doubt becoming very common if not dominant everywhere. Study of historical metrology, old weights and measures, was a big deal back in renaissance France and Italy, took off in England in the early 18th century and was huge by the early 20th century – the 1911 Encyclopedia Britannica has a very long section on it – but by around 1970 the topic has disappeared there, and most other places. Study of weights and measures as a general topic died during the 20th century, outside of a small number of enthusiasts. Since so far Cointalk seems to corroborate that conclusion – here are my (best guesses!) as to how this happened. 1) There always has been a big range of opinion on what matters are probably due to direct influence, and what matters are just weird co-incidences. Lets call the range from ‘the optimists’ to ‘the pessimists’. On the scale you are well into the pessimist camp, where as I think I am close to the goldilocks position 2) In 1911 Barclay Vincent Head published Historia Numorum. A magnificent piece of scholarship, and nothing much wrong with his estimation of the actual various Greek coin weight standards. However, he also erected a theoretical interpretation of how these standards were linked which appears to be plucked out of thin air, and that seems to me to be wrong. From the 1920’s on we find people dividing up into Head supporters, and those who rejected all studies of weight standards as rubbish. That goes on to this day I think. I am not in either camp. I just think Head was wrong. 3) Around 1925 Maynard Keynes was in transition from an academic philosopher to an academic economist, and he became on his own account obsessed with weight standards. After a couple of years he abandoned that study, calling his own work his “Babylonian madness”. In 1930 he published his Treatise on Money which suggests to the reader that weight standards are arbitrary decisions of the state or the community. (see page 13) https://archive.org/details/in.ernet.dli.2015.30220 Rather like Head – he plucked this out of then air, there is hardly any consideration of the facts to back it up. This view of weight standards as arbitrary state decisions has dominated the Keynesian side of economics ever since 4) The spread of Keynesian ideas in general had big practical consequence for the general population, especially coin collectors. As I understand it, for a long period ownership of gold coins was strictly controlled by law in the US, and also for a shorter time in the UK. (Way back when I was a schoolboy, one of the local coin dealers I knew went to prison in the UK for selling gold sovereigns). This politicisation inevitably stoked a backlash, which seemed to be based upon a sort of anti-Keynesian belief in the idea that “in the good old days” a silver penny contained a pennyworth of silver etc. Actually, I agree with that idea, but I disagree with a lot of people about when those “good old days” actually were. I could say a lot more on this – but will stick here to just one example. Grierson at Cambridge UK held that Charlemagne had two weight standards, 16 Roman oz approx 436g for bullion, but 15 Roman oz approx 409g for coin . The difference covering seigniorage and brassage. Sargent at the Federal Reserve Bank USA more recently held that Charlemagne's coins contained their full weight in silver. My position is that Grierson backed up his argument and gave us the ‘best guess’ as to what happened. Sargent plucked his answer out of thin air. More generally, to understand the history of weight standards one has to understand the political imposition of seigniorage. Rejecting arguments from seigniorage will result in the rejection of most everything anyone will say about weight standards. Can you see now where 3 & 4 gets us? Both Keynesian and their Monetarist opponents oppose the objective study of weight standards. If you get it right - you are shot by both sides. 5) In the 1960’s archaeology was still struggling to get a foothold in academic life proper. It was in a kind of turf war with History for recognition, grants, student take up etc. The professional archaeologist Lang in 1964 published her work on the weights from the Athenian agora – it is here http://www.ascsa.edu.gr/pdf/uploads/oa_ebooks/oa_agora/Agora_X.pdf In it she was very sarcastic about amateur metrological studies – and her comments have been prominently quoted (eg by Biggs (UK), and thence cited by Holland (Israel)). Personally I think this is a pot and kettle matter. There is plenty of poor amateur work but plenty that is good also – meanwhile Lang did little herself to clarify matters. More fundamentally it seems to me much adverse comment about work by amateurs is driven not by scholarly objectivity, but rather by professionalisation of scholarship itself by such as Lang which (to my regret) I judge had gone way too far in since the mid 20th century. Any thoughts Doug? I sense due to some of the several influences cited above you have been put off historical metrology, without ever trying the matter out for yourself? But forgive me if that sounds impertinent – I trust in your generosity of spirit to accept I offer the above in good faith, as to what I fear is the objective truth of where we stand today. Rob
I was so busy yesterday trying to take care of other forum issues that I simply didn't have to even think about responding in this thread. Today, I have been bit more lucky. So, Rob, what most others here are already aware of is that I know nothing, less than nothing even, about ancient coins. But every once in a while a post/thread comes along in this section of the forum where I might have something to say that might, stress might, be worth saying. But that of course depends whom you'd ask As it happened this thread was one of those cases which is how my comments ended up here. An example of what I am trying to get across to you Rob would be this. In your comments above, post #11, you mentioned the Muwahhid dinar. Well, I didn't have any idea what a Muwahhid dinar even was, so I had to go look it up. As I said, I know nothing about ancients. The medieval time period, about that I know a little. That said when I did look up what a Muwahhid dinar was I found something that, overall, seems to be a whole lot like what I have always found about the weights and standards of the medieval period. That being that things are rarely static when it comes to weights and standards for coins. For example, I'll quote a portion of a paragraph that I found here - http://www.forumancientcoins.com/numiswiki/view.asp?key=Balog Weights "Dirhams varied quite a bit more in weight standard, and there are few reliable studies.The earliest dirham of Egypt was two-thirds the weight of the mithqal, or 2.82 grams, but in the course of the eighth century, Egypt had successively five different dirham weight standards." Now based on that alone it tells me that what I said above - nothing is static when it comes to weights and standards for coins. In the centuries past things were always changing. And as far as I've ever been able to determine this continued until the modern age when the world as a whole began to adopt universal standards. So that's a beginning. What you're saying here, I get it, or think I do anyway. And I wouldn't say that I disagree with it based upon what I do know. For example, I am aware that as far back as lets say 100 BC it was common place for there to be moneychangers found in every marketplace and at every port. And these folks would set up their tables and as shoppers and or merchants, and or those coming off the ships as the case may be would exchange whatever currency the people happened to have for currency of the local area so that they could buy and sell more readily. These moneychanges even back then would use touch stones and karat needles to test the coins people wanted to exchange. And as a general rule these coins could come from just anyplace and be of widely different weights and widely different fineness. But their testing of them allowed them to make fair exchange. And typically, everything was different ! Even coins from the same country would be of different weight and fineness. This was because the minting entity, whoever it was, chose or decided what he/they wanted the weight and fineness to be at any particular time. If a ruler decided he needed more money in the treasury then he lowered the weights and fineness at his whim - and that's just the way it was. And if he decide he had enough money in the treasury but wanted to increase his standing, his reputation if you will in his world community (which usually means among his neighboring countries) then he would increase the wight and fineness of his coins and in effect say to his neighbors - There, let's see ya top that ! This is the kind of thing I was talking about above when I talked about ego and or greed. And it is my belief that it was these simple concepts, these simple ideas that drove everything when it came to the weights and standards of coins throughout most of history. Now did trade enter into it ? Of course, but it couldn't have entered into too much, in other words it couldn't have had too much influence over determining the weights and fineness of coins for other wise we would not have the great diversity in standards that we do have. But there were exceptions. Venice for example, it was their creation of the Ventian ducat, and its static weight and fineness, in the late 13th century that allowed them to become the center of trade in the world at the time - and for centuries afterwards. And it was not until the Netherlands came along with their gold ducat, also having the same static weight and fineness as the Venetian gold ducat, that allowed them to supplant Venice and thus become the center of trade in the world. And of course between the influence of the two super trade powers over a period of 700 years give or take, the rest of the world also issued gold ducats ! Though they did vary in small amounts from time to time from the consistency that Venice and the Netherlands were known for. There has never been a coin, a single denomination, issued by as many different countries as the ducat. This coin literally changed the world, and change it into what we have today. Without it, it never would have happened. And it did this with its consistency, with its putting and end, to a large degree anyway, over the constant changing of standards. But over the years the value, the buying power, of the ducat changed greatly - the standards however remained the same, and still do even today. As for your comments about standards being linked to and yet diverging over time from previous and simpler standards - I'd say it's almost a certainty that is exactly what happened. But I also understand it and think I know why it happened. For the very same reasons I noted above - ego and greed. I kind of see it like this. Depending upon the time period in question we had empires in early history. And it was those empires who decided what the standards were at the time they were in power - over their entire empire. But as those empires broke up and individual countries began to emerge the new powers that be had to also have standards. So what would be the natural thing for them to do ? Copy their predecessors, at the least to limited degree, and at the most to a very similar degree. But over time, as the same driving forces of ego and greed took effect, those standards changed. I think we see the same kind of thing happening with language. The romance languages for example, they are all based on Latin, the Roman language. And it's no coincidence, the Romans ruled all those countries. So it only makes sense that their languages were and are based on Latin. Even English is based on Latin, and of course Rome ruled Great Britain as well. So even language, like the standards, were based on, linked to, what came before. For me, the explanation of it all is very simple and it goes to basic human nature - man being man. This - I don't know. I understand what binary fractions are but I think the reasons behind it all are much simpler than that. Who knows, you could be right. But me, I don't wanna think that hard
@EWC3, perhaps you will find this overview of ancient Greek and Roman coin metrology interesting or helpful in your esoteric quest: https://www.forumancientcoins.com/numiswiki/view.asp?key=Denomination
Hmmm... From MY perspective, and several other Roman Republic collectors, your link is ALL WRONG!!! (Actually, I tried to find the equivalent info on Forum, and they appeared not to have a similar write-up. Bummer) 10 Asses = a Denarius (not this deflated 16 to an As... ) https://en.wikipedia.org/wiki/Roman_currency And I just HAVE to toss in this incredibly FUNKY RR denomination: Quincunx = 5 Unicae, when there was 12 Uncae to an As... WHAT??? WHY??? I got this just because... I. JUST. HAD. TO. HAVE. ONE. RR Anon 210 BCE AE23 Quincunx 6.96g Apollo P behind Dioscuri Luceria 5 pellets Craw 99-4 Syd 309 Sear 910 Very Rare
OK – my reply to this is that, although I do not claim old coin weights are not sometimes complicated – but in this quote Balog makes it seem far more complicated than it actually is. In the 8th century the Arab Caliphate was about 5,000 miles across, and as far as I have been able to discover, every single mint was striking to the same standard - which was 2.93g in pure silver. There were minor local variations. Baghdad coins were remarkably accurate, those in Spain less so and maybe hit an average of 2.89g – (but why would the guy in the bazaar much bother about that?) What Balog seems to be talking about here is not coin weight, but mostly, the heavier commercial weights used specifically in Egypt (and sometime Syria) in Bazaars - in grocery shops and the like. And those standards did change quite a lot in the 8th century. Here is my best guess as to what was going on with those. There were laws in place instructing shop keepers to sell goods using the official weights issued by local government officials. And there were also weights and measures inspectors going round checking up on the matter. The same as today, and the same as the Romans too. The odd thing about Arab Egypt at that time was the weights were made of glass and carried official inscriptions. Shop keepers would presumably have to buy these from the inspectors office, in effect they probably represent a licence to trade lawfully. So, when the weight standard changed it looks like the shop keeper turned up at the market inspector's office, paid the fee, handed in his old weight which was smashed, and then was given his new one. See what is probably happening here? Local government gets a big cash boost in fees every time they change the weight standard for shops. I should warn that this is only my own best guess – but it makes good sense of the evidence we have. And it exactly fits with your initial suggestions about ‘greed’. The problem with Balog as I see it was – he was too much an academic specialist – knew a great deal about medieval Egyptian coins and weights, but lacked a more practical grip on the general sort of stunts folk tend to get up to…………….. I think that is spot-on! I was working my way towards saying exactly the same thing. What I would add is this. The idea that a whole bunch of disparate languages had one common Indo-European root started out as some sort of crackpot sounding suggestion in previous centuries – but now it is viewed as serious science in every university. Meanwhile that weight standards had a common root is a sensible suggestion that is also centuries old, but start to talk about it to most university people these days, you are likely to be treated as, well, a kind of crackpot. Strange. Rob
The basic concepts covered by just your single paragraph - it would take several chapters in a book to explain it thoroughly. In fact it did in "Gold Ducats Of The Netherlands - Vol. I" which I spent over 4 years working on. Of course what that book talks about occurred 800 years after what was going on in 8th century Egypt. The thing about it is - it was the same things still going on. For example, you can compare the Arab Caliphate to the Holy Roman Empire as being the primary authority. And each had their standards for their coinage. I can't speak as to how exactly the standards were posted for the populace in the Arab lands, but in medieval Europe they were posted in the form of placards, decrees, posted to a pole or display board in the squares and markets. The law was these standards were to be strictly followed, even under penalty of death should they not be. But the way it worked, or at least the way it was supposed to work, was this. The primary authority would issue minting rights, which were typically purchased outright, to subordinate local authorities. This allowed the primary authority to make money as result of the purchase of the minting rights, and allowed the local authority to make money in the form of seigniorage. Thus both parties were happy. And the profits realized also worked their way right on down the line. Within each mint for example you had the mintmaster, and the assayer, each of which had control over certain things within the mint. That control allowed each of them to make money surreptitiously should they choose to do so. They could do this in concert, or even without the other knowing. Local merchants would then bring the raw materials in the form of precious metals to the local mints, and they would make money because when those raw materials were turned into coins they ended up having more buying power than they would have with the raw materials in their original form. Now understand, like I said, that's how it was "supposed to work". That doesn't mean it actually did ! What often happened, and I think a lot more often than most ever realize, was everybody got greedy. In some cases everybody involved, from the local minting authority right on down to the local merchant, got together and decided that all of them would cheat - thus allowing them to make even more money. Other times it might only be one of them, or two, anywhere along the chain who did the cheating. Bottom line, it was beyond commonplace for the coins coming out of the mint to not have been minted according to the standards. And it was not uncommon for them to get away with this for quite a while. And yes some would get caught and be punished in various, often horrible ways, including death. But others would get away with it by buying their way out when they got caught, and or as a result of patronage in high places. And some of these cheaters would even become famous, and sought out by other nobles in other areas with their own minting authority, wanting them to come to work for them so they could make all that extra money. Some assayers and mintmasters built entire careers on this premise. There could even be more to this for in some cases there might even be more than one standard in play. A local minting authority for example could be given minting rights by more than one primary minting authority. This scenario would sometimes play out when that local minting authority happened to someplace close to the border for example. And as borders shifted slightly as they often did, or as primary rulers changed, the local could be minting coins under the standards of 2 different entities - and doing so at the same time. And if one of those entities happened to take issue with the coins being substandard, the offender would claim to the guy complaining that what he was perfectly legal because minting coins under the authority of the other guy. In other words he would play both primary authorities off against each other. It was an ingenious scheme, and it worked very well ! There is one more point to be considered whenever we discuss coinage standards. A point that most aren't even aware of, or never think about. And it applies at any particular time period in history. Even though the standard might be 2.93gm in pure silver, or 3.5gm in .986 gold, there were always tolerance levels also applied to those standards. And it was extremely commonplace for those tolerance levels to vary from time to time - as well as the standards themselves varying from time to time. For example, even when the standard by law was .986 gold, with the tolerance applied a coin could be minted of .981 gold and the local merchants and money changers were instructed to accept that coin as being completely legal and perfectly acceptable for use in circulation. So when one considers all of this, and I do mean all of it, that's why the guy in the bazaar would bother about that ! I don't disagree, but it's not something new really, I wrote a paper about it for school over 50 years ago - and it was an old and widely accepted idea even then. Well, I don't hang out in universities any more, in fact I don't hang out period anymore But I don't consider it to be a crackpot idea, I consider it to be a near certainty.