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Stater

Ancient Greek coin

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History

The stater, as a Greek silver currency, first as ingots, and later as coins, circulated from the 8th century BC to AD 50. The earliest known stamped stater (having the mark of some authority in the form of a picture or words) is an electrum turtle coin, struck at Aegina that dates to about 650 BC. It is on display at the Bibliothèque Nationale in Paris. According to Robin Lane Fox, the stater as a weight unit was borrowed by the Euboean stater weighing 8.7–8.8 grams (0.28–0.28 ozt) from the Phoenician shekel, which had about the same weight as a stater (8.3 g, 0.27 ozt) and was also one fiftieth of a mina.

The silver stater minted at Corinth of 8.6 g (0.28 ozt) weight was divided into three silver drachmae of 2.9 g (0.093 ozt), but was often linked to the Athenian silver didrachm (two drachmae) weighing 8.6 g (0.28 ozt). In comparison, the Athenian silver tetradrachm (four drachmae) weighed 17.2 g (0.55 ozt). Staters were also struck in several Greek city-states such as, Aegina, Aspendos, Delphi, Knossos, Kydonia, many city-states of Ionia, Lampsacus, Megalopolis, Metapontium, Olympia, Phaistos, Poseidonia, Syracuse, Taras, Thasos, Thebes and more.

There also existed a "gold stater", but it was only minted in some places, and was mainly an accounting unit worth 20–28 drachmae depending on place and time, the Athenian unit being worth 20 drachmae. (The reason being that one gold stater generally weighed roughly 8.5 g (0.27 ozt), twice as much as a drachma, while the parity of gold to silver, after some variance, was established as 1:10). The use of gold staters in coinage seems mostly of Macedonian origin. The best known types of Greek gold staters are the 28-drachma kyzikenoi from Cyzicus.

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