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date: 04 July 2020

Abstract and Keywords

Monetary exchange in Asia Minor started with barter and continued with the use of a wide range of commodities as money. Coinage originated in the middle of the seventh century. In Anatolia and parts of the Near East, precious metals had long been in general use for commercial purposes before the advent of coinage, and constituted the usual means of payment. Gold and especially silver were saved and transacted by weight in the form of cut and broken vessels and jewelry, as well as whole and fragmentary ingots of various shapes and sizes. In the years following the Persian conquest, many of the major city-states of western Asia Minor started to produce their own civic silver coinage. With coinage, an issuing authority, usually the state, weighed the pieces of precious metal to a recognized standard in a system of denominations and marked them with an official stamp to guarantee their value in the area of influence of that authority.

Keywords: monetary exchange, Asia Minor, Anatolia, metals, barter, coinage

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