It is worth while before going further to enquire whether we can gain any light from the systems of weight employed by the famous daughter-cities of Phoenicia, such as Gades and Carthage. A weight bearing in Punic characters the name of the Agoranomos and the numeral 100 has been found at Jol (Julia Caesarea) in North Africa, but unfortunately it has suffered so much by corrosion from water and the loss of its handle that it is impossible to make any tolerable approximation to its original weight. Hultsch[344] conjectures with some probability that, making allowance for its loss, it represents 100 drachms, and deduces from this that the Carthaginians treated the drachm as their shekel, but for this latter hypothesis there seems no sufficient evidence. If this supposition were true, the weight would represent a half-mina of the Phoenician silver standard. But there is one thing which this weight does prove, and that is that, whether it be a mina or half-mina, it is the drachm or shekel, which was evidently regarded as the unit of the system, not the mina. Thus once more we get a confirmation of our general thesis that the mina and talent are the multiples, and that it is the shekel or stater which is the basis. Nor does the coinage of Carthage furnish us with all the information that could be desired, for it was only after 410 B.C. that that great “mart of merchants” began to strike coins, and even then it was only in her Sicilian possessions that she did so, no doubt induced to adopt the practice by constant contact with her Greek enemies: for not only the type (of Persephone) was borrowed from Syracusan coins, but the very dies were engraved by the hands of Greek artists. The gold coins are struck on a standard of about 120 grs. Troy, whilst the silver issue consists of tetradrachms of the so-called Attic (or more simply light shekel or ox-unit) standard of 130-135 grs. Since during the same period (405-347 B.C.) Syracuse[345] was issuing gold pieces on the Attic standard, it is most probable that it is only through the want of heavier specimens that we are compelled to set the Siculo-Punic coins issued at Panormus (Palermo) and other places in Italy so low as 120 grs. It was not until about the time of Timoleon (340 B.C.) that money was coined at Carthage itself. This coinage consists wholly of gold, electrum and bronze, down to the time of the acquisition of the rich silver mines of Spain, and the foundation of New Carthage in that country by Hasdrubal, the son-in-law of Hamilkar Barca and brother-in-law of Hannibal, in the interval between the First and Second Punic wars (241-218 B.C.), when large silver coins both Carthaginian and Hispano-Carthaginian seem to have been first struck[346].
The gold and electrum coins of the first period are of the following weights: gold 145 and 73 grs.; electrum 118, 58 and 27 grains. The gold unit is thus some 10 grains higher than the normal value of the ox-unit. If these coins belonged to an earlier period we might with some confidence affirm that the variation was due to the plentiful supply of gold derived by the Carthaginians from the still unexhausted gold deposits of Western Africa. This is perhaps the true explanation even at the late period when the coins were issued, but there may have been a desire to adjust the three metals, gold, electrum and silver, so that they might be conveniently exchanged. It will be observed that the electrum coins are struck on a unit of 118 grs., and it is not at all improbable that silver was reckoned by the same unit, even though not yet coined; for when the silver coins appear they are struck on a standard of 118 or 236 grs. It will be at once noticed that this standard is considerably higher than the Phoenician silver standard found along the coasts of Asia Minor. It may thus have been found convenient to raise by a few grains the weight of the gold unit so as to harmonize the relations between the three metals. Further speculation is vain, as we do not know the proportion of gold contained in the electrum coins[347]. From what we shall shortly learn about the electrum of Cyzicus, it is not impossible that the gold piece of 73 grs. was worth an electrum stater of 118 grs.
Coming to the Phoenicians of Spain we find that Gades, which did not begin her coinage until about 250 B.C., employed a standard for her silver of 78 grains, and that the island of Ebusus (Iviza) struck didrachms of 154 grs., a half-drachm of 39 grs. and a quarter-drachm. This coincides closely with the 78 grain drachm of Gades. It is palpable that there is no connection between this standard and the Phoenician standard of 220 grs. As the same system is found in the cities of Emporiae and Rhoda (Ampurias and Rosas) in the north-east of Spain, and in the earliest drachms of Massilia (Marseilles)[348], it is far more reasonable to suppose that the relations between gold and silver throughout Spain were such that, in order to make a certain fixed number of silver pieces equivalent to the gold ox-unit, it was found necessary to make the silver didrachm of about 156 grs. and the drachm of 78 grs.
It would thus seem that the principle which we shall seek to establish for the Greek silver standards held true of the Phoenician likewise,—that whilst the gold unit, the basis of all weight, remains unchanged or was but very slightly modified even at a late period (when the idea of the original ox-unit must have become dimmed by time), in order to effect a more complete harmonizing of a threefold system of gold, electrum and silver, the silver units shew every kind of variety, which can only be accounted for by supposing that owing to the different relations between gold and silver in various regions and at various periods in the same regions, it was found necessary from time to time to increase or diminish the weight of the silver unit. Thus if gold was to silver as 12:1 in the 3rd century B.C., we find a ready explanation for the standard of Gades and Emporiae. The gold unit of 130 grs. would be worth ten silver units of 156 grs. each (130 × 12 = 1560 ÷ 10 = 156). So too the 118 gr. standard of Carthage may be explained by supposing that gold was to silver as 11:1; for then 1 gold unit of 130 grs. = 12 silver of 118 grs. each (130 × 11 = 1430 ÷ 12 = 119 grs.), duodecimal division perhaps being preferred to the decimal owing to the relations between electrum and silver, the former perhaps being as in Lydia[349] counted at 10 times the value of the latter. If gold was to silver as 12:1, and electrum to silver as 8:1, electrum being thus nearly two-thirds gold, one gold piece of 75 grs. = 1 piece of electrum of 118 grains, and 8 pieces of silver of 116 grs. each (75 × 12 = 900; 116 × 8 = 928), and 1 piece of electrum of 118 was worth 8 pieces of silver of 116 grs. each. All this is, be it remembered, purely conjectural, as we know nothing of the actual relations existing between any pair of the metals.
However, when we come to deal with the electrum of Cyzicus we shall be able to produce some data, which will at least show that our suggested explanation of the relations existing between gold, electrum and silver at Carthage is not purely chimerical.
Lastly comes the question of the commercial weight-system. We have already spoken of the badly preserved weight from Jol, but we could not say whether it was used for the precious metals, or more ordinary merchandize. However, the great Phoenician inscription of Marseilles, already referred to, makes it plain that even in the weighing of meat they reckoned by the shekel and not by the mina; for we find in it mention of 300 [shekels] and 150 [shekels] of flesh from the victims. This completely accords with the 20 shekels of food mentioned by Ezekiel (iv. 10), and clearly indicates that even in what we may well believe to be the heavy commercial shekel, the ancient decimal system had not been superseded by the sexagesimal; and, further, that the mina had not succeeded in supplanting the more ancient fashion of counting by shekels; for had such been the case, the weight of the meat would have been expressed in 6 manehs, or 3 manehs. This piece of evidence confirms the results which we arrived at in the case of the Hebrews—that it was only at a later period that reckoning by manehs came into use. The Phoenician colonies of the West, including Carthage herself, had probably been planted before the influences of the Chaldaean system had obtained a solid footing in Palestine. We may however not unreasonably believe that the Carthaginians employed some such form of talent as we find in the Book of Exodus, 3000 shekels (50 × 60 = 3000) going to the talent, though as yet no record has revealed to us the actual existence of either talent or mina.
CHAPTER XI.
The Lydian and Persian Systems.
“The Lydians,” says Herodotus, “were the first of all nations we know who struck gold and silver coin[350],” a tradition also attested by Xenophanes of Colophon, according to Julius Pollux[351]. These statements of the ancient writers are confirmed by an examination of the earliest essays made in Asia in the art of coining; from which the best numismatists have been led to ascribe it to the seventh century B.C. and probably to the reign of Gyges, who from being a shepherd, by means of the “virtuous ring” became the founder of the great dynasty of the Mermnadae, and of the new Lydian empire as distinguished from the Lydia of a more remote antiquity. The first issues of the Lydian mint were rudely executed coins of electrum, being staters and smaller coins of the standards usually known as the Babylonian and Phoenician, of which the earliest staters weigh about 167 and 220 grs. respectively[352]. It is most likely that the Babylonian standard was intended for commerce with the interior of Asia Minor, and the Phoenician for transactions with the cities of the western seaboard, to coincide with the silver standards in use in these respective regions. The proportion of gold and silver in electrum is exceedingly variable: according to Pliny[353] any gold alloyed with one-fifth of silver (and by implication any containing any higher proportion of silver) was called electrum. We shall soon find that the electrum staters of Cyzicus contained about an equal amount of either metal; but the analysis of Lydian electrum gives a proportion of 73 per cent. of gold to 27 per cent. of silver, or practically 3 to 1. As gold in the central parts of Asia Minor stood to silver as 13·3:1 in the reign of Darius and probably long before, we may not unreasonably assume that such also was the relation between them in the reign of Gyges, at least in the interior. In this case electrum would stand to silver as 10:1, a proportion exceedingly convenient for exchange, as a single standard served for both metals, one electrum ingot of 168 grs. being equal to 10 silver ingots of like weight. We have already seen that one gold unit of 130 grs. was equivalent to 10 silver units of 168 grs., therefore the gold ox-unit was exactly represented in value by the electrum ingot of 168 grs., for, according to our statement of the composition of the Lydian electrum, 168 grs. of that alloy would contain 126 grs. of pure gold. If we were certain that on the coast of Asia Minor the relation between gold and silver was 13·3:1, we should be compelled to follow Brandis and the rest in making the double gold shekel of 260 grs. equal to 15 silver shekels of 220 grs. each; again, if we accept as universal the relation of gold to electrum as 4:3, and accordingly make one piece of electrum of 220 grs. equal to 10 silver pieces of the same standard, we shall find it impossible to obtain any convenient relation between the gold stater of 130 grs. and the electrum stater of 220 grs. But from this difficulty it is not hard to find an escape: 224 grs. of electrum = 168 grs. of gold; that is exactly 1⅓ gold shekels (129 ÷ 3 = 43 × 4 = 172). The division into thirds and sixths is of course a well-known feature in the coinage of the Asiatic coast-towns. Thus there would be no practical difficulty in the ordinary monetary transactions, for three Phoenician drachms of electrum (= 168 grs.) would = 1 gold shekel; and 4 gold Thirds (Tritae), or 8 gold Sixths (Hectae), would equal one electrum stater of 224-220 grs.