Sitta von Reden
This article examines developments in money and prices in Egypt during the Ptolemaic period based on numismatic and papyrological evidence. It first considers the introduction, spread, and circulation of coinage in Egypt and how money and coins were used for transactions throughout the country. It then discusses the administration of coinage in Ptolemaic Egypt, from the reduction of the weight of the gold and silver coinage under Ptolemy I to the monetary reforms of Ptolemy V. It also explores the use of cash and kind as a mode of payment for rents and wages; the possibility of commuting cash into kind (and vice versa) as a condition for Ptolemaic taxation principles to work in practice; and three different categories of wheat prices in the papyri. It ends by drawing some economic conclusions from prices in the papyri.