Tetradrachm

The tetradrachm (tetrádrachmon) was a large silver coin that originated in Ancient Greece. It was nominally equivalent to four drachmae. Over time the tetradrachm effectively became the standard coin of the Antiquity, spreading well beyond the borders of the Greek World. As a result, tetradrachms were minted in vast quantities by various polities in many weight and fineness standards, though the Athens-derived Attic standard of about 17.2 grams was the most common. Because of their large size, tetradrachms were often used by various states or rulers to advertise themselves or to deliver political messages. Popularity of the tetradrachm outlived the political independence of the Greeks and it remained in wide circulation in the Mediterranean up until Crisis of the Third Century, while debased varieties persisted in India and Central Asia into early Middle Ages. Due to their often high artistic level tetradrachms are eagerly collected in modern times, and well-preserved or rare specimens can reach considerable prices. In Athens it replaced the earlier "heraldic" type of didrachms and it was in wide circulation from c. 510 to c. 38 BC. The transition from didrachms to tetradrachms occurred during c. 525–510 BC; the abandonment of the "heraldic"-type didrachms and the Archaic tetradrachms (early "owls") of the polis of Athens apparently took place shortly after the Battle of Salamis, 480 BC. This transition is supported by the discovery of contemporary coin hoards, and more particularly of a coin hoard found on the Acropolis in 1886. The Athenian tetradrachme was widely used in transactions throughout the ancient Greek world, including in cities politically unfriendly to Athens. Athens had silver mines in state ownership, which provided the bullion. Most well known were the silver mines of Laurium in Athenian countryside. The Athenian tetradrachm was stamped with the head of Athena on the obverse, and on the reverse the image of the owl of Athena, the iconographic symbol of the Athenian polis, with a sprig of olive and a crescent for the moon.