Opals
Gemstones
Jewelry
Coins
Published at 10th Sep 2009
Modified at 13th Mar 2018
Persian Empire Daric Gold coin
The coin minted by the Persian Empire was named the daric. It was made of gold and had a weight of around 8,4 gr.
It was first introduced by Darius I (522-486BC) at the end of the 6th century BC. It was not a new coin for the ancient perisan coins, because it was inspired by the Lydian system, the oldest in the world.
The ancients, like Herodotus, thought that the coin was named after Darius. Only in modern times, the scholars proved that the name was actually inspired from the form *dari that means golden in Old Persian. The Greeks named this coin dareiko sometimes adding stateros that was a weight of around 8 grams and also a nickname for the gold coin unit. Sometimes the name is accompanied by the form chrousio that in Greek meant gold.
Shop now for $10 off your first Purchase
The daric and the silver coin, the siglos (mentioned in the Bible) were the coins that circulated throughout the empire and beyond.
The Daric was the basis of the system and had a weight of around 8,3-8,5 gr. The siglos was only around 5,5 gr and by calculating the exchange rate, the gold:silver ratio was around 1:13,3 at the time.
Because it was made of gold and the Greek cities didn’t mint any gold, it circulated all over the ancient world, as international currency. The Greeks used the gold daric alongside the electrum coinage, a gold-silver alloy, minted by cities from Asia Minor. For example, a gold daric had the value of one electrum stater minted by Cyzicus, a stater made from 55% gold and 45% silver and with a weight of around 16 gr.
Moreover, it seems that the mints of these coins were from Asia Minor, a place with a large number of important Greek cities under the Persian domination.
The daric coin showed on one side the image of an archer, kneeling usually to the right. This archer was identified with the King itself. The image was so popular and well known that when Alexander conquered the Persian Empire, around 150 years after the death of Darius the Great, he minded some coins, double darics, with similar images as the original ones.
The typology of this coin was established by E. S. G. Robinson:
- “Type I Torso of bearded archer with the crenellated crown (kídaris) and sleeved chiton, facing right, a bow in the left hand and two arrows in the right.
- Type II Kneeling archer dressed as on Type I, facing right, with drawn bow and a quiver on his back.
- Type III The archer as on Type I but running with bent knees, moving to the right, with a bow in his left hand, a lance in his right, and a quiver on his back.
- Type IV The archer as on Type III, in same position moving to the right, with a bow in his left hand, a dagger in his right, and a quiver on his back. “
We still do not know the exact chronology of these coins. Robinson gave a relative chronology but was unable to give an absolute chronology. Modern researchers supposed that the types I-III are minted by Darius himself and type IV by his sons, from 480 to 450 BC, maybe during the reign of Xerxes.
The type II, III and IV are attested on daric and also silver siglos and sometimes on gold subunits. The type I, the oldest, it is attested only in silver siglos.
Stefan Vasilita
Search the Coin Encyclopedia
Related Auctions
Related Articles
Why Do People Collect Coins? Collectors buy and collect coins for personnel pleasure and enjoyment or for an enjoyable investment. In late 1980s to early 1990s coin collecting was not so popular but now there is a re insurgence in collecting coins.
10th Jun 2009
Silver has been used in coins for centuries. The ancient Romans made silver coins for the Roman Empire but only Rome was allowed to make silver coins and all the countries that were made part of the roman Empire could only produce bronze, not silver coins
24th Apr 2018
From time to time you will come across an ancient coin with a hole on it. Coins that were holed in ancient times are intriguing. Why was this so?
12th Mar 2018
Latest Articles
Washington quarters are 25-cent US coins issued since 1932. The original obverse remains, with dozens of varieties and new reverses. Learn the history, types, key dates, and errors on the iconic coin!
4th Nov 2024
Walking liberty half dollars are 50-cent American coins circulated from 1916 to 1947. The iconic design has been featured on the silver eagle bullion since 1986 and remains sought-after by collectors.
7th Oct 2024
Standing liberty quarters were circulated US coins issued from 1916 to 1930 as part of the Renaissance of American Coinage. Learn the values, varieties, and stories of standing liberty quarters!
9th Sep 2024
Article Categories
Collection of articles providing lots of useful information on coins through the ages.
30 Articles