Tuesday 19 November 2013

The loss of value of silver coins ...... as currency

We know inflation is a painful tax on our financial assets ..... 100 euros in 2002 don't have the same purchasing power than 100 euros in 2013 .....

The same problem has existed when money was in precious metal..... A tetradrachm was a coin which worth 4 drachms ... I have a collection of coins from the antique greco bactrian kingdom 

A silver tetradrachm from the king Eucratides is weighing near 20 grams (170 - 145 BC)


A silver tetradrachm from the king Menander is weighing around 13 grams (130 BC)


A silver tetradrachm of Diomedes is weighing  near 10 grams (95 BC)





1 comment:

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