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6 - The preconditions of coinage

Published online by Cambridge University Press:  22 September 2009

Richard Seaford
Affiliation:
University of Exeter
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Summary

SACRIFICIAL SPITS

The Greeks themselves were aware that their coin of low value the obol (obolos) took its name from the spit (obelos), and that ‘drachma’ meant originally a handful of (six) spits. Six obol coins do not make a handful. As we shall see, it is almost certain that ‘drachma’ can refer to spits in sixth-century inscriptions: and ‘handfuls of spits’ (obeliskōn drachmai) are recorded in an early fourth century bc temple inventory. In early inscriptions the coin is refered to obelos, to be generally replaced later by obolos.

This apparent transition from roasting spits to coins was, along with other terms that seem to embody the transition from the sacrificial to the financial (4d), adduced by Laum as part of an argument to the effect that animal sacrifice was an important factor in the genesis of coinage. The public sanctuary becomes, with the development of substitutes (such as figurines) for animal victims, a centre of exchange. And the communal distribution of sacrificial meat – to warrior, priest, prize-winner, etc. – is, he argues, the earliest form of polis finance. Of Laum's complex argument I can here give only this brief summary. Although he did in various details go too far, his basic insight has on the whole suffered neglect rather than refutation. In the course of my overall argument I modify and develop it in line with my overall concern with the distinctiveness of Greek culture.

Type
Chapter
Information
Money and the Early Greek Mind
Homer, Philosophy, Tragedy
, pp. 102 - 124
Publisher: Cambridge University Press
Print publication year: 2004

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