Your purchase includes, upon request, mounting of this coin in either pendant style “a” or “d” as shown here. Pendant style “a” is a clear, airtight acrylic capsule designed to afford your ancient coin maximum protection from both impact damage and degradation. It is the most “politically correct” mounting. Style “d” is a sterling silver pendant. Either pendant styles include a sterling silver chain (16", 18", or 20"). Upon request, there are also an almost infinite variety of other pendants which might well suit both you and your ancient coin pendant, and include both sterling silver and solid 14kt gold mountings, including those shown here. As well, upon request, we can also make available a huge variety of chains in lengths from 16 to 30 inches, in metals including sterling silver, 14kt gold fill, and solid 14kt gold.
HISTORY OF COINAGE: Coins came into being during the seventh century B.C. in Lydia and Ionia, part of the Greek world, and were made from a naturally occurring alloy of gold and silver. Each coin blank was heated and struck with a hammer between two engraved dies. Unlike modern coins, they were not uniformly round. Each coin was wonderfully unique. Coinage quickly spread to the island and city states of Western Greece. Alexander the Great (336-323 B.C.) then spread the concept of coinage throughout the lands he conquered. Ancient coins are archaeological treasures from the past. They were buried for safekeeping because of their value and have been slowly uncovered throughout modern history. Oftentimes soldiers the night before battle would bury their coins and jewelry, hoping and believing that they would live long enough to recover them, and to return to their family. Killed in battle, these little treasure hoards remain until today scattered throughout Western and Eastern Europe, even into the Levant and Persia.
As well, everyone from merchants to housewives found the safest place to keep their savings was buried in a pot, or in some other secretive location. If they met an unexpected end, the whereabouts of the merchants trade goods or the household’s sugar jar money might never be known. Recently a commercial excavation for a new building foundation in London unearthed a Roman mosaic floor. When archaeologists removed the floor, they found 7,000 silver denarii secreted beneath the floor. Even the Roman mints buried their produce. There were over 300 mints in the Roman Empire striking coinage. Hoards of as many as 40,000 coins have been found in a single location near these ancient sites. Ancient coins reflect the artistic, political, religious, and economic themes of their times. The acquisition of ancient coins is a unique opportunity to collect art which has been appreciated throughout the centuries.
Coins of the Roman Empire most frequently depicted the Emperor on the front of the coins, and were issued in gold, silver, and bronze. The imperial family was also frequently depicted on the coinage, and, in some cases, coins depicted the progression of an emperor from boyhood through maturity. The reverse side of often served as an important means of political propaganda, frequently extolling the virtues of the emperor or commemorating his victories. Many public works and architectural achievements such as the Coliseum and the Circus Maximus were also depicted. Important political events such as alliances between cities were recorded on coinage. Many usurpers to the throne, otherwise unrecorded in history, are known only through their coins. Interestingly, a visually stunning portrayal of the decline of the Roman Empire is reflected in her coinage. The early Roman bronze coins were the size of a half-dollar. Within 100-150 years those had shrunk to the size of a nickel. And within another 100-150 years, to perhaps half the size of a dime.
ROMAN HISTORY: One of the greatest civilizations of recorded history was the ancient Roman Empire. In exchange for a very modest amount of contemporary currency, you can possess a small part of that great civilization in the form of a 2,000 year old ancient Roman artifact. The Roman civilization, in relative terms the greatest military power in the history of the world, was founded in the 8th century (B.C.). In the 4th Century (B.C.) the Romans were the dominant power on the Italian Peninsula, having defeated the Etruscans and Celts. In the 3rd Century (B.C.) the Romans conquered Sicily, and in the following century defeated Carthage, and controlled the Greece. Throughout the remainder of the 2nd Century (B.C.) the Roman Empire continued its gradual conquest of the Hellenistic (Greek Colonial) World by conquering Syria and Macedonia; and finally came to control Egypt in the 1st Century (B.C.)
The pinnacle of Roman power was achieved in the 1st Century (A.D.) as Rome conquered much of Britain and Western Europe. At its peak, the Roman Empire stretched from Britain in the West, throughout most of Western, Central, and Eastern Europe, and into Asia Minor. For a brief time, the era of “Pax Romana”, a time of peace and consolidation reigned. Civilian emperors were the rule, and the culture flourished with a great deal of liberty enjoyed by the average Roman Citizen. However within 200 years the Roman Empire was in a state of steady decay, attacked by Germans, Goths, and Persians. The decline was temporarily halted by third century Emperor Diocletian. In the 4th Century (A.D.) the Roman Empire was split between East and West. The Great Emperor Constantine again managed to temporarily arrest the decay of the Empire, but within a hundred years after his death the Persians captured Mesopotamia, Vandals infiltrated Gaul and Spain, and the Goths even sacked Rome itself. Most historians date the end of the Western Roman Empire to 476 (A.D.) when Emperor Romulus Augustus was deposed. However the Eastern Roman Empire (The Byzantine Empire) survived until the fall of Constantinople in 1453 A.D.
In the ancient world valuables such as coins and jewelry were commonly buried for safekeeping, and inevitably the owners would succumb to one of the many perils of the ancient world. Oftentimes the survivors of these individuals did not know where the valuables had been buried, and today, thousands of years later caches of coins and rings are still commonly uncovered throughout Europe and Asia Minor. Throughout history these treasures have been inadvertently discovered by farmers in their fields, uncovered by erosion, and the target of unsystematic searches by treasure seekers. With the introduction of metal detectors and other modern technologies to Eastern Europe in the past three or four decades, an amazing number of new finds are seeing the light of day thousands of years after they were originally hidden by their past owners. And with the liberalization of post-Soviet Eastern Europe, new markets have opened eager to share in these ancient treasures.
HISTORY OF SILVER: After gold, silver is the metal most widely used in jewelry and the most malleable. The oldest silver artifacts found by archaeologists date from ancient Sumeria about 4,000 B.C. At many points in the ancient world, it was actually more costly than gold, particularly in ancient Egypt. Silver is found in native form (i.e., in nuggets), as an alloy with gold (electrum), and in ores containing sulfur, arsenic, antimony or chlorine. Much of the silver originally found in the ancient world was actually a natural alloy of gold and silver (in nugget form) known as “electrum”. The first large-scale silver mines were in Anatolia (ancient Turkey) and Armenia, where as early as 4,000 B.C. silver was extracted from lead ores by means of a complicated process known as “smelting”. Even then the process was not perfect, as ancient silver does contain trace elements, typically lead, gold, bismuth and other metals, and as much as a third of the silver was left behind in the slag. However measuring the concentrations of the “impurities” in ancient silver can help the forensic jewelry historian in determining the authenticity of classical items.
From Turkey and Armenia silver refining technology spread to the rest of Asia Minor and Europe. By about 2,500 B.C. the Babylonians were one of the major refiners of silver. Silver “treasures” recovered by archaeologists from the second and third millenniums demonstrate the high value the ancient Mediterranean and Near East placed upon silver. Some of the richest burials in history uncovered by archaeologists have been from this time frame, that of Queen Puabi of Ur, Sumeria (26th century B.C.); Tuankhamun (14th century B.C.), and the rich Trojan (25th century B.C.) and Mycenaean (18th century B.C.) treasures uncovered by Heinrich Schliemann.
The ancient Egyptians believed that the skin of their gods was composed of gold, and their bones were thought to be of silver. When silver was introduced into Egypt, it probably was more valuable than gold (silver was rarer and more valuable than gold in many Mesoamerican cultures as well). In surviving inventories of valuables, items of silver were listed above those of gold during the Old Kingdom. Jewelry made of silver was almost always thinner than gold pieces, as indicated by the bracelets of the 4th Dynasty (about 2,500 B.C.) Queen Hetephere I, in marked contrast to the extravagance of her heavy gold jewelry. A silver treasure excavated by archaeologists and attributable to the reign of Amenemhat II who ruled during the 12th Dynasty (about 1900 B.C.), contained fine silver items which were actually produced in Crete, by the ancient Minoans. When the price of silver finally did fall due to more readily available supplies, for at least another thousand years (through at least the 19th dynasty, about 1,200 B.C.) the price of silver seems to have been fixed at half that of gold. Several royal mummies attributable to about 1,000 B.C. were even entombed in solid silver coffins.
Around 1,000 B.C. Greek Athenians began producing silver from the Laurium mines, and would supply much of the ancient Mediterranean world with its silver for almost 1,000 years. This ancient source was eventually supplemented around 800 B.C. (and then eventually supplanted) by the massive silver mines found in Spain by the Phoenicians and their colony (and ultimate successors) the Carthaginians (operated in part by Hannibal’s family). With the defeat of Carthage by Rome, the Romans gained control of these vast deposits, and mined massive amounts of silver from Spain, stripping entire forests regions for timber to fuel smelting operations. In fact, it was not until the Middle Ages that Spain’s silver mines (and her forests) were finally exhausted.
Although known during the Copper Age, silver made only rare appearances in jewelry before the classical age. Despite its infrequent use as jewelry however, silver was widely used as coinage due to its softness, brilliant color, and resistance to oxidation. Silver alloyed with gold in the form of “electrum” was coined to produce money around 700 B.C. by the Lydians of present-day Turkey. Having access to silver deposits and being able to mine them played a big role in the classical world. Actual silver coins were first produced in Lydia about 610 B.C., and subsequently in Athens in about 580 B.C. Many historians have argued that it was the possession and exploitation of the Laurium mines by the Athenians that allowed them to become the most powerful city state in Greece. The Athenians were well aware of the significance of the mining operations to the prosperity of their city, as every citizen had shares in the mines. Enough silver was mined and refined at Laurium to finance the expansion of Athens as a trading and naval power. One estimate is that Laurium produced 160 million ounces of silver, worth six billion dollars today (when silver is by comparison relatively cheap and abundant). As the production of silver from the Laurium mines ultimately diminished, Greek silver production shifted to mines in Macedonia.
Silver coinage played a significant role in the ancient world. Macedonia’s coinage during the reign of Philip II (359-336 B.C.) circulated widely throughout the Hellenic world. His famous son, Alexander the Great (336-323 B.C.), spread the concept of coinage throughout the lands he conquered. For both Philip II and Alexander silver coins became an essential way of paying their armies and meeting other military expenses. They also used coins to make a realistic portrait of the ruler of the country. The Romans also used silver coins to pay their legions. These coins were used for most daily transactions by administrators and traders throughout the empire. Roman silver coins also served as an important means of political propaganda, extolling the virtues of Rome and her emperors, and continued in the Greek tradition of realistic portraiture. As well, many public works and architectural achievements were also depicted (among them the Coliseum, the Circus Maximus). In addition many important political events were recorded on the coinage. You can Romaan coins which depicted the assassination of Julius Caesar, alliances between cities, between emperors, between armies, etc. And many contenders for the throne of Rome are known only through their coinage.
Silver was also widely used as ornamental work and in other metal wares. In ancient cultures, especially in Rome, silver was highly prized for the making of plate ware, household utensils, and ornamental work. The stability of Rome’s economy and currency depended primarily on the output of the silver mines in Spain which they had wrested from the Carthaginians. In fact many historians would say that it was the control of the wealth of these silver mines which enabled Rome to conquer most of the Mediterranean world. When in 55 B.C. the Romans invaded Britain they were quick to discover and exploit the lead-silver deposits there as well. Only six years later they had established many mines and Britain became another major source of silver for the Roman Empire. It is estimated that by the second century A.D., 10,000 tons of Roman silver coins were in circulation within the empire. That’s about 3˝ billion silver coins (at the height of the empire, there were over 400 mints throughout the empire producing coinage). That’s ten times the total amount of silver available to Medieval Europe and the Islamic world combined as of about 800 A.D.
Silver later lost its position of dominance to gold, particularly in the chaos following the fall of Rome. Large-scale mining in Spain petered out, and when large-scale silver mining finally resumed four centuries after the fall of Rome, most of the mining activity was in Central Europe. By the time of the European High Middle Ages, silver once again became the principal material used for metal artwork. Huge quantities of silver from the New World also encouraged eager buyers in Europe, and enabled the Spanish to become major players in the late Medieval and Renaissance periods. Unlike the ores in Europe which required laborious extraction and refining methods to result in pure silver, solid silver was frequently found as placer deposits in stream beds in Spain’s “New World” colonies, reportedly in some instances solid slabs weighing as much as 2,500 pounds. Prior to the discovery of massive silver deposits in the New World, silver had been valued during the Middle Ages at about 10%-15% of the value of gold. In 15th century the price of silver is estimated to have been around $1200 per ounce, based on 2010 dollars. The discovery of massive silver deposits in the New World during the succeeding centuries has caused the price to diminish greatly, falling to only 1-2% of the value of gold.
The art of silver work flourished in the Renaissance, finding expression in virtually every imaginable form. Silver was often plated with gold and other decorative materials. Although silver sheets had been used to overlay wood and other metals since ancient Greece, an 18th-century technique of fusing thin silver sheets to copper brought silver goods called Sheffield plate within the reach of most people. At the same time the use of silver in jewelry making had also started gaining popularity in the 17th century. It was often as support in settings for diamonds and other transparent precious stones, in order to encourage the reflection of light. Silver continued to gain in popularity throughout the 18th and 19th centuries, and by the 20th century competed with gold as the principal metal used in the manufacture of jewelry. Silver has the highest thermal and electrical conductivity of any metal, and one of the highest optical reflectivity values. It has a brilliant metallic luster, is very ductile and malleable, only slightly harder than gold, and is easily worked and polished. When used in jewelry, silver is commonly alloyed to include 7.5% copper, known as “Sterling Silver”, to increase the hardness and reduce the melting temperature. Silver jewelry may be plated with 99.9% pure ‘Fine Silver’ to increase the shine when polished. It may also be plated with rhodium to prevent tarnish. Virtually all gold, with the exception of 24 carat gold, includes silver. Most gold alloys are primarily composed of only gold and silver.
Throughout the history of the ancient world, gemstones were believed capable of curing illness, possessed of valuable metaphysical properties, and to provide protection. Found in Egypt dated 1500 B. C., the "Papyrus Ebers" offered one of most complete therapeutic manuscripts containing prescriptions using gemstones and minerals. Gemstones were not only valued for their medicinal and protective properties, but also for educational and spiritual enhancement. Precious minerals were likewise considered to have medicinal and “magical” properties in the ancient world. In its pure form silver is non toxic, and when mixed with other elements is used in a wide variety of medicines. Silver ions and silver compounds show a toxic effect on some bacteria, viruses, algae and fungi. Silver was widely used before the advent of antibiotics to prevent and treat infections, silver nitrate being the prevalent form. Silver Iodide was used in babies' eyes upon birth to prevent blinding as the result of bacterial contamination. Silver is still widely used in topical gels and impregnated into bandages because of its wide-spectrum antimicrobial activity.
The recorded use of silver to prevent infection dates to ancient Greece and Rome. Hippocrates, the ancient (5th century B.C.) Greek "father of medicine" wrote that silver had beneficial healing and anti-disease properties. The ancient Phoenicians stored water, wine, and vinegar in silver bottles to prevent spoiling. These uses were “rediscovered” in the Middle Ages, when silver was used for several purposes; such as to disinfect water and food during storage, and also for the treatment of burns and wounds as a wound dressing. The ingestion of colloidal silver was also believed to help restore the body's “electromagnetic balance” to a state of equilibrium, and it was believed to detoxify the liver and spleen. In the 19th century sailors on long ocean voyages would put silver coins in barrels of water and wine to keep the liquid potable. Silver (and gold) foil is also used through the world as a food decoration. Traditional Indian dishes sometimes include the use of decorative silver foil, and in various cultures silver dragée (silver coated sugar balls) are used to decorate cakes, cookies, and other dessert items.
SHIPPING: These antiquities come from a number of collections which by and large originated here in Eastern Europe. As well, additional specimens are occasionally acquired from other institutions and dealers, principally in Eastern Europe and the Eastern Mediterranean. All of these artifacts are now in the United States and are available for immediate delivery via U.S. Mail. All purchases are backed by an unlimited guarantee of satisfaction and authenticity. If for any reason you are not entirely satisfied with your purchase, you may return it for a complete and immediate refund of your entire purchase price. A certificate of authenticity (COA) is available upon request.
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