mints like Ephesus and Ptolemaïs-Lebedus (q. v.). Head of Berenice II veiled, and rev. ΒΑΣΙΛΙΣΣΗΣ ΒΕΡΕΝΙΚΗΣ Cornucopiae filleted, symbol, Bee (Fig. 377). 258, when the heir to the throne, hitherto associated with his father in the govern- ment, married Berenice II, the only daughter of Magas, and resigned the co-regency in order to become ruler of the Cyrenaïca.
Before ancient Egypt started officially using coins as their official currency in 500 BC, the Egyptians used a system of value based on the weights of various metals like silver and copper. These metals were used to determine the value of other materials. The Ptolemaic kingdom coinage was struck in different standards as it used Phoenician weight (14.2 g) in creating it. The design of the Ptolemaic coinage followed contemporary Greek currencies. The coin had an eagle standing on a thunderbolt which was an ordinary symbol of the Ptolemaic dynasty. The kings and queens played a role as a medal- like a coin was created portraying Ptolemy I and his wife Berenice I. Sporadic letters are taken by Svoronos to be dates of the ‘Arsinoë era’, and the whole of the ΘΕΩΝ ΑΔΕΛΦΩΝ coins are believed by him to have been minted in the Cyrenaïca (Νομ. Πτολ.
His coins were struck till the end of the Ptolemaic Period. millieme and holed, cupro-nickel 1, 2, 5 and 10 millieme coins. Silver 2, 5, 10 and 20 piastre coins continued to be issued, and a gold 1 pound coin was reintroduced. Between 1922 and 1923, the gold coinage was extended to include 20 and 50 piastre and 1 and 5 pound coins.
The coined money had a crucial impact on the domestic economy and the trade which expanded greatly in Roman times. Four bronze coins modelled on Ptolemy I issues, with eagle on reverse and the head of Zeus on the observe. Ptolemy I connected himself on the coins with the attributes of a deity.
The introduction of coined money began in the fifth century, as the ancient Egyptians imported pieces of silver and gold as they were used as a standardized weight rather than actual money. At the middle of the 4th century BC, the Mediterranean traders relayed more and more on coined money as a means of exchange, later on, the greek mercenaries demanded payment in coins.
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