The symbol for GRD can be written Dr. Past travelers have spent, on average, 32 ($37) on meals for one day and 24 ($28) on local transportation. Between 1926 and 1930, a new coinage was introduced for the new Hellenic Republic, consisting of cupro-nickel coins in denominations of 20, 50, 1, and 2; nickel coins of 5; and silver coins of 10 and 20. TimesMojo is a social question-and-answer website where you can get all the answers to your questions. It is therefore the witness of a part of Greek history and contains a considerable interest for numismatists. A meaningful answer must usually begin: "It's complicated." A more complete answer might include "It depends" In our global economy, where almost everything is instantly convertible into cash, we. An obol is an ancient Greek coin that has one-sixth the value of a drachma . His parents were not wealthy by Roman standards, but they did have some wealth. The Greek Drachma was the currency of Greece from 1832 until 2002, when it was replaced by the Euro. In 1868, Greece joined the Latin Monetary Union and the drachma became equal in weight and value to the French franc. The National Bank of Greece introduced 1,000 notes in 1901, and the Bank of Greece introduced 5,000 notes in 1928. But what is todays value of a US dollar in terms of ancient Athenian drachmai, or ancient Roman sestertii? It didnt work, of course. You also have the option to opt-out of these cookies. Greek Drachma Gold Coins: A Piece of History. The maximum was reached on Tuesday, 27 September 2022 1 US dollar = 355.1029 Greek drachma the minimum on Sunday, 6 February 2022 1 US dollar = 297.4787 Greek drachma Price history of GRD / USD The drachma was one of the worlds earliest coins. The status and characteristics of ancient and modern-day women in Greece evolved from the events that occurred in the history of Greece. It is mandatory to procure user consent prior to running these cookies on your website. Its name derives from the Greek verb meaning to grasp, and its original value was equivalent to that of a handful of arrows. The four-drachma (or shekel) coin would be exactly enough to pay the temple tax (two-drachma coin) for two people. The gold drachma was much rarer. It can also be found on many other European and non-European coins: in Greece (e.g. The cookie is used to store the user consent for the cookies in the category "Performance". The most famous is undoubtedly the Athenian drachma with the effigy of the goddess Athena on the obverse and an owl with an olive branch on the reverse. However, some historians have estimated that in the 5th century BC a drachma had a rough value of 25 U.S. dollars (in the year 1990 - equivalent to 40 USD in 2006). Each of them wanted to outdo the others and show their power by minting the most beautiful coinage that would be seen beyond their borders. In Ancient Greece, 'drachma' was the name of a standard weight and silver coin. Its name derives from the Greek verb meaning "to grasp," and its original value was equivalent to that of a handful of arrows. We have broken up our dollar into 4 pieces4 quarters equal 1 dollar or 4 dollars are just four dollars. Article in Wikipedia says some economists and historians say one drachma in the 5th century (let me do a mental calculation that would be from about 499BC to 401BC) was about US$25 in 1990 or US$46.50 in 2015. So, the relative value of gold to silver today is dramatically different from what the Wikipedia article reports for silver and gold drachmas. What is the most popular religion in Greece today? The duration of the workday varied seasonally, according to the available daylight. Your email address will not be published. [13] This has nothing to do with the Italian car: https://en.wikipedia.org/wiki/Fiat_money. This mistake leads to his downfall, and he is forced to kill Antony in order to get the power back. The drachma was first used in Aegina after 600 BCE, and it spread throughout Greece. The drachma was the Greek monetary unit, during Antiquity, but also before the arrival of the euro from 1831 to 2000. for 60. [7] Ancient laborers probably worked more than an eight-hour day. Silver coin typically circulated for the payment of wages, and bronze token coinage circulated for the purchase of daily necessities. Omissions? Obol. A new series of all 8 denominations was introduced in 1976 carrying images of early national heroes on the smaller values. However, you may visit "Cookie Settings" to provide a controlled consent. A failed Roman imperial experiment in price controls in the early fourth century CE gives us a remarkably detailed snapshot of what money was worth, at least officially. spelling variant is also attested. Six of them are displayed at the Numismatic Museum of Athens. Discover regularly ancient drachmas on our shop. Did the Romans use the drachma? Otherwise these coins are worth less than $1 each. $19.20 US silver coins per $1.00 face value Silver coins at $14,787 for $1,000 face, which is $14.78 per $1 face, at 77% silver that is $19.20, 70.5:1 American Eagle to US silver coins. The Greek Drachma is divided into 100 lepta. Will also mention some comment by Prof. Holt. How much was an ancient drachma worth? In the beginning, he is influenced by Cassius, who wants him to assassinate Antony. It is one of the earliest forms of currency known , dating back to the 5th century B.C. The Greek Drachma was also an ancient currency used in many Greek city-states. Money and Measures in Ancient Greece. Taking todays US$7.25 minimum hourly wage for comparison, a days labor would be worth $58[7]. GRD /USD. More specifically, Ill use the rate of pay of 2 drachmae per day for skilled labor mentioned by Prof. Holt. While every effort has been made to follow citation style rules, there may be some discrepancies. The ancient drachma: history and value Archaeological researches place the appearance of the drachma around 550 BC. This is an order of magnitude larger than the $186 USD-1998 arkenberg. So, you can use this calculator to calculate the value of eight dollars in Greek drachmas. In an era of relatively static technology, military equipment was often passed down from father to son. That translates to almost $12,000 USD today. Drachma, silver coin of ancient Greece, dating from about the mid-6th century bc, and the former monetary unit of modern Greece. Luke's Gospel includes a parable told by Jesus of a woman with 10 drachmae, who lost one and searched her home until she found it. That is, how common was it for a person of moderate means able to, over a lifetime, retire relatively rich? The first issues of banknotes were in denominations of 10, 20 and 50, soon followed by 100, 500 and 1,000 by 1956. Drachmas are part of the coinage that gave birth to all modern currencies and the original coin stemmed from the monetary system of Ancient Greece that was developed from 800BC. In ancient Athens, a skilled worker or hoplite could earn one drachma a day. 2008, Philip Matyszak, Ancient Athens on Five Drachmas a Day (title of the book) [1] A coin worth one drachma. A 20-drachma gold coin contained 5.8 g of gold. While the laws are incomplete, the first six sections deal with grain dole and eligibility for it. Our editors will review what youve submitted and determine whether to revise the article. There is a special Attic numeral, U+10142 GREEK ACROPHONIC ATTIC ONE DRACHMA, for the value of one drachma but it fails to render in most browsers.[24]. However, some historians have estimated that in the 5th century BC a drachma had a rough value of 25 U.S. dollars (in the year 1990 - equivalent to 40 USD in 2006). two days subsistence living standard for poor family. The obolus is therefore a division of the drachma. [17] It replaced the phoenix at par. Drachma: were worth 6 obols, weighing 4.3 grams. drachmae or drachmas) was the currency used in Greece during several periods in its history: . The spot price of silver is $14.22 per Troy ounce[5]. Archaeological researches place the appearance of the drachma around 550 BC. The drachma was an ancient Greek unit of currency that had roughly the same value as 25 U.S. dollars in the 5th century BC. The emperor Julius Caesar left every Roman citizen 75 drachmas in his will. The word, whose meaning and translation is still uncertain, is. The income at the time for a skilled worker was 1 drachma a day wiki. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Dalka, Mike. In daily use they were called glaukes (owls),[7] hence the proverb ' , 'an owl to Athens', referring to something that was in plentiful supply, like 'coals to Newcastle'. But bullion equivalent value of ancient coins is a very shaky basis for comparing buying power across the centuries. But I wonder, since prices for goods and services arent mentioned (except for the Edict on Maximum Prices, which, as you pointed out, is the yesteryear price control scheme), whether the middle class (probably the military) were able to, over time amass their equivalent to 1 million dollars. The weight of the drachma was 4.3 grams in silver /gold, or 66.5 in grains . The International Monetary Fund last updated the exchange rate on August 18, 2022. According to a study undertaken by Bloomberg, drachmas worth an estimated 477.9 million are still safely tucked away all over Greece never to be . The drachma was one of the world's earliest . When did the Greek drachma become the Euro? A good rough number for today would be 70:1. Plural of drachma is drachmae (hey, Im catching on!). The origin lies in the Greek word 'dragma', meaning 'handful', pointing to a handful of 'obols', equal to one-sixth of a drachma. Using a currency calculator, you can estimate how many drachmas are in a single dollar. The (National Central Bank of Greece) exchanged drachma coins until 1 March 2004 and drachma banknotes until 1 March 2012. Ancient Greek Drachma The Greek drachma was originally defined as 1/6000th of a talent of silver (a talent was a unit of weight equal to about 56 pounds). The drachma was Greeces national currency from 1833 to 1 January 2002, when euro banknotes and coins were put into circulation in Greece, at the same time as in the other euro area countries. Articles from Britannica Encyclopedias for elementary and high school students. The word probably meant "a handful/ to grasp." In America and Canada a "dollar" is our currency. A way to pay tribute to the history of Greece, to its past and to the first world coin used on the European continent. GRD replaced by EUR. How much was a drachma worth in Caesar's time? The government later issued 100, 500, and 1,000-drachma notes, and the Bank of Greece issued 20,000 and 50,000 notes. In 2000, a set of 6 themed 500 coins were issued to commemorate the 2004 Athens Olympic Games. Gold closed this week at US$1,200 per Troy ounce[4], so a 7.0-gram ancient Greek gold stater from the time of Alexander the Great (died 323 BCE) represents a bullion value of $270.04. During the time of Julius Caesar, a skilled worker could earn one drachma a day, or about $20 USD per hour. the Finnish 100 markka issued in 1990), in Poland (the 1986 Polish 500 zloty coin), in Belarus (e.g. The first issue of coins minted in 1954 consisted of holed aluminium 5-, 10- and 20-lepton pieces, with 50-lepton, 1, 2 and 5 pieces in cupro-nickel. He takes part in the rise of the kingdom from the IVth century and extends its domination on continental Greece. During the time of Julius Caesar, a skilled worker could earn one drachma a day, or about $20 USD per hour. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. When did the euro replace the drachma in Greece? Moreover, it is a significant amount for those who are just starting out in their careers. How much money did Caesar give to the citizens? Attempting to convert drachma-44BCE to USD-2015 seems very difficult and requires a lot of . The 5th century BC Athenian tetradrachm ("four drachmae") coin was perhaps the most widely used coin in the Greek world prior to the time of Alexander the Great (along with the Corinthian stater). The exchange rate for the Euro was last updated on July 19, 2021 from The International Monetary Fund. Entdecke GRIECHENLAND 1 DRACHME 1911 SILBER B46 #K3481 in groer Auswahl Vergleichen Angebote und Preise Online kaufen bei eBay Kostenlose Lieferung fr viele Artikel! The coin in the fishs mouth is generally seen as a symbolic act or sign, but there is little agreement concerning what it signifies. Before 2002 Greek Drachma was the currency of Greece. Golden drachmas are large, round coins that are usually made of gold or silver. A barber was paid 2 d.c. per haircut. Ancient economies did not work like modern ones, and ancient writers, almost all slave-owning aristocrats who belonged to privileged elites, rarely wrote about the vulgar topic of money. The exchange rate was fixed at 340.75 drachmas to 1 euro. Didrachm: were worth 2 drachmae, weighing 8.6 grams. ( n.) A gold and silver coin of modern Greece worth 19.3 cents. The average value of the Attic drachma is computed to have been about 19 cents. [1] The Monetary Systems of the Greeks and Romans. In 2002 the drachma ceased to be legal tender after the euro, the monetary unit of the European Union, became Greece's sole currency. The economic depression of the 1920s affected many nations around the globe, including Greece. Here are two data points: So that gives a valuationof 2 drachmaes equaling a days pay for a skill construction worker or hired military soldier. Notable Ptolemaic coins included the gold pentadrachm and octadrachm, and silver tetradrachm, decadrachm and pentakaidecadrachm. Struck between 1849 and 1933, these coins. I like to do guesswork math on the value of things in pre-industrial society, and often I keep reading internet sources (wiki included) repeating the idea that a silver drachma, a coin containing roughly 6 to 7 4 grams of silver, was worth the daily salary of a common labourer in ancient Greece (give or take, 3rd century BCE). His son, Alexander the Great, extended the empire to Persia and Asia. However, some historians and economists have estimated that in the 5th century BCE a drachma had a rough value of 25 USD in the year 1990, 38 USD in 2006 & 40.68 USD in 2008. It was replaced with the Euro (EUR) on January 1, 2001. (Very small numbers of 50 and 100 coins in gold were also issued.). How much is 75 drachmas worth today? How much was a drachma worth in ancient Greece? Coins dated 1993 are available only in sets, not in circulation. The currency of ancient Greece was the drachma, which is why its important to know the current exchange rates of the two currencies. The drachma was divided into 100 lepta. This website uses cookies to improve your experience while you navigate through the website. Proudly powered by. That $3600 could have been exchanged for 3600 Morgan silver dollars upon demand at any US Federal bank. At a wage of $20 USD/hr that is approximately $12,000 USD. Schaps, David. The drachma became the most widely used currency in all the conquered territories and this, until the beginning of the Roman Empire. There are two types: the Longacre and the Saint-Gaudens 20 dollars. Fractions and multiples of the drachma were minted by many states, most notably in Ptolemaic Egypt, which minted large coins in gold, silver and bronze. Drachmas were issued in the 5th century BC. Metrologists have come to differing conclusions concerning its exact length, but the currently accepted modern equivalents are 296 mm or 11.65 inches. Classical historians give a different read for the 5th and 4th centuries (okay, mental math time, so that would be from around 499BC to 301BC, the 400s and 300s). Baltimore: (1940), Harl, Kenneth. One Drachma is divided into 100 Lepta. footnote 18 of H. G. Dakyns's translation of, British Museum Catalogue 11 Attica Megaris Aegina, National and Kapodistrian University of Athens, Drachmi Greek Democratic Movement Five Stars, Economic history of Greece and the Greek world, "Two Linear B documents from Bronze Age Pylos", "The Greek Financial Crises: Getting by with the Half-Drachmai | PMG", Overview of the modern Greek drachma from the BBC, Economic and Monetary Union of the European Union, European Financial Stabilisation Mechanism, https://en.wikipedia.org/w/index.php?title=Greek_drachma&oldid=1141849092, Articles containing Ancient Greek (to 1453)-language text, Articles containing Mycenaean Greek-language text, Articles with unsourced statements from January 2020, Articles containing Armenian-language text, Articles with German-language sources (de), Creative Commons Attribution-ShareAlike License 3.0, Banknote and Securities Printing Foundation, Brown and violet (obverse); Maroon, green and orange (reverse), The golden drachma is the main unit of currency in, The drachma is also mentioned in William Shakespeare's, This page was last edited on 27 February 2023, at 03:47. New comments cannot be posted and votes cannot be cast. Its name derives from the Greek verb meaning "to grasp," and its original value was equivalent to that of a handful of arrows. The radical increase in standard of living invalidates that comparison. A soldiers tunic cost 75; his boots, 100. The rough valuation ofone drachma based on the Wikipedia article are: On the other hand, Professor Frank Holt provides a rough comparability of twodrachmae being equal to about onedays wages for a skilled worker. In our world, a small and diminishing number of farmers can each feed themselves and over 50 others[8]. This was especially noteworthy as it would not be until the introduction of the Guldengroschen in 1486 that coins of substantial size (particularly in silver) would be minted in significant quantities. Collectors can own their own piece of history with Greek 20 Drachma gold coins.The modern gold coins date back to the 19 th Century, but the tradition and values date back to the time of ancient Greece. Your email address will not be published. I will assume that is 22 carat because Ive read pure gold is too malleable to use in coins. A modern person might think of one drachma as the rough equivalent of a skilled workers daily pay in the place where they live, which could be as low as US$1, or as high as $100, depending on the country. It was originally set at 1/6 drachma by Pericles, until, Cf. This cookie is set by GDPR Cookie Consent plugin. Oxford (2008). Pious Jews questioned the morality of such an act. That same amount is equal to about 40 USD today. Ancient coins, like medals in the modern Olympic games, come in gold, silver and bronze. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. The highest-priced item on record is purple silk, reserved for the Imperial household, at 150,000 dc per pound. Bottom row, left to right: 100 coin, 500 coin. Why Do Cross Country Runners Have Skinny Legs? 1 Athenian Talent at the higher ratio would have 24.3 kg pure silver or 27.0 kg at face weight. So in terms of the gold standard, Americans value a foot soldier more than five times as highly as ancient Greeks, and more than eight times as much as ancient Romans did. An Ancient Greek weight of about 66.5 grains, or 4.3 grams. What Was Money in Ancient Greece?, The Monetary Systems of the Greeks and Romans. One obol became the equivalent of one spit. The dual circulation period when both the Greek drachma and the euro had legal tender status ended on 28 February 2002. Price history of USD / GRD. Read on to learn about Brutuss mistakes. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 2023 Ancient Finances. Its weight and fineness are of no intrinsic interest, except for the fact that if a coin is too valuable people will be tempted to melt it down for bullion. That translates to almost $12,000 USD today. They write new content and verify and edit content received from contributors. Image: Courtesy of Flickr by Carole Raddato. A hoard of over 150 rod-shaped obeloi was uncovered at Heraion of Argos in Peloponnese. Penguin (2008), Finley, Moses. The golden stater was worth two drachmas of gold or twenty drachmas of silver. Why is drachma significant? That would buy over 40 kilograms of silver, or about 555 grams (18.2 troy ounces) of gold at current rates. Roman leaders believed that varied entertainment would keep people happy. [3] Ancient garments did not have pockets. At Kindle location 1782 the comment says Alexander capped the cost of a banquet at 10,000 drachmas which is 5,000 days pay for a skilled Greek construction worker. "Drachma" redirects here. On the back side of the fifty drachma note are sailing ships, and a male and female sailor operating a canon. [9] A hoplite was expected to provide his own armor and weapons, at a cost of 300 to 500 drachmai, but if he survived these would last for many years. When an ancient Roman had a silver denarius in his purse[3], what could he buy with it? Is Watch Dogs 2 Multiplayer Cross Platform? The notion that drachma derived from the word for fistful was recorded by Herakleides of Pontos (387312BC) who was informed by the priests of Heraion that Pheidon, king of Argos, dedicated rod-shaped obeloi to Heraion. [20] On 1 January 2002, the Greek drachma was officially replaced as the circulating currency by the euro, and it has not been legal tender since 1 March 2002. Brutus actions are disastrous for Rome, but he also fumbles over his choices. At Leftover Currency we specialize in the exchange of obsolete currencies, like the Greek Drachma. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. But opting out of some of these cookies may have an effect on your browsing experience. The first drachma was the value of the first five years of a mans life. Although Drachmas were used as far back as the 9th century, modern Drachma Gold Coins date from the mid-19th century. 1000 GRD to GBP Online Currency Converter (Calculator). One drachma was worth around 25 U.S. dollars in the 5th century BC. One drachma equaled 6 oboli; 100 drachmas equaled 1 mine; and 60 mine equaled 1 Attic talent. (This particular unit was paid in drachmas which was comparable to the denarii) Multiply that by three and he would have earned 641 drachmas in pay for a year.Remember that the pay of the Roman. Drachma is the currency that was in use in Ancient Greece for over 10 centuries. This coin was widely used in the eastern Roman Empire. The proposed exchange rate was set at 340.75 drachmas for 1 euro. These are worth $10 to $20. This cookie is set by GDPR Cookie Consent plugin. Jefferson said it best, If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conqueredI believe that banking institutions are more dangerous to our liberties than standing armies The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.. . When Greece finally achieved its independence from the Ottoman Empire in 1828, the phoenix was introduced as the monetary unit; its use was short-lived, however, and in 1832 the phoenix was replaced by the drachma, adorned with the image of King Otto, who reigned as modern Greeces first king from 1832 to 1862. From the 5th century bc, Athens gained commercial preeminence, and the Athenian drachma became the foremost currency. It was derived from the Greek word drach-, which means grab. [6] On the London Metal Exchange, the price of copper was $6,670 per tonne on 04 OSept 2018. The Good Samaritan in Jesus parable gave the innkeeper two denarii, or about a hundred pounds. Sources :Muse de la banque nationale de BelgiqueHorizonWikipedia, Numismatics is also a way to immerse oneself in iconography. It was so called because it corresponds to six obol coins, the maximum number of coins that could be held in one hand. In the Gospel according to St. Luke, we can read the parable of the lost drachma which inspired many artists in the history of art. Monday, 27 February 2023. perch l'impero romano d'oriente sopravvisse Cash is no longer king in Greece (even more so after COVID-19,) and almost all establishments accept credit/debit cards. Initially a drachma was a fistful (a "grasp") of six oboloi (metal sticks), which were used as a form of currency as early as 1100 BC. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. [19] The Italian occupation authorities in the Ionian Islands printed their own currency, the Ionian drachma. 3 When did the Greek drachma become the Euro? What is the Best Melee Weapon in Minecraft Dungeons? T. Frank, ed. Historically, the drachma was the currency of many Greek city states. The diversity of the ancient drachma is all the more important in numismatics as each city minted its own monetary series with its symbol. Its name derives from the Greek verb meaning to grasp, and its original value was equivalent to that of a handful of arrows. This is how the Greeks got their name drachma. The conversion factor is six significant digits, which means that it is a very accurate representation of the value of your currency. In the ancient world, most workers were farmers and they struggled to feed themselves and a few others. Updates? Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. The . What Disney Collectibles Are Most Valuable? As a soldier, Julius Caesar had a special interest in politics. In both cases its length was the same. The birth of coinage in wider Greece, though, was not really an invention of convenience but a necessity, driven by the need to . [2] Posted rates as of 04 September 2018. Civil taxes to Rome had to be paid in this coin. DRACHMA Mt 15:8 "The drachma is an unusual coin of Christ's time. How much was a drachma worth in ancient Greece? A stater weighed eight and a half grams. the minimum on Tuesday, 27 September 2022. The 20 Drachma is a romantic addition to any coin collection and contains the old-world standard of coin manufacturing, boasting a .900 grade . Do Men Still Wear Button Holes At Weddings? Analytical cookies are used to understand how visitors interact with the website. A Greek (or "Attic") talent was approximately the mass of water required to fill an amphora and weighed about 26 kilograms (57 lb), therefore a silver drachma should have weighed about 4.3 grams. Guide to Biblical Coins, 5th ed. [3][n 4] Initially a drachma was a fistful (a "grasp") of six obolo or obelo (metal sticks, literally "spits") used as a form of currency as early as 1100BC and being a form of "bullion": bronze, copper, or iron ingots denominated by weight. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Below are the denominations of Ancient Greek coins: Dekadrachm: were worth 10 drachmae, weighing 43 grams. In 1954, in an effort to halt inflation, the country joined the Bretton Woods fixed currency system until it was abolished in 1973. The income at the time for a skilled worker was 1 drachma a day wiki. That would be about 182.5 drachmas for a year for poor people. Clothing was costly. EMMY NOMINATIONS 2022: Outstanding Limited Or Anthology Series, EMMY NOMINATIONS 2022: Outstanding Lead Actress In A Comedy Series, EMMY NOMINATIONS 2022: Outstanding Supporting Actor In A Comedy Series, EMMY NOMINATIONS 2022: Outstanding Lead Actress In A Limited Or Anthology Series Or Movie, EMMY NOMINATIONS 2022: Outstanding Lead Actor In A Limited Or Anthology Series Or Movie. The income at the time for a skilled worker was 1 drachma a day wiki. Drachmae were minted on different weight standards at different Greek mints. This category only includes cookies that ensures basic functionalities and security features of the website. It was the standard unit of silver coinage at most ancient Greek mints, and the name obol was used to describe a coin that was one-sixth of a drachma. It was the standard unit of silver coinage at most ancient Greek and Roman mints, and the name 'obol' was used to describe a coin that was one-sixth of a drachma. Modern commentators derived from Xenophon[11] that half a drachma per day (360 days per year) would provide "a comfortable subsistence" for "the poor citizens" (for the head of a household in 355BC). 3. . Thats $39,600 per year in todays money, hardly a low level working mans salary in most areas in the US! Amphora (2010). Ancient Greek coins normally had distinctive names in daily use. On January 1, 2001, Greece officially joined the European Economic and Monetary Union, adopting the Euro for all purposes. Unenforceable, within a few years the edict was ignored, and the engraved stone tablets set up in the markets were recycled as building blocks which is how the text survived.
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