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Originally trade was by goods exchange. From about 600 BCE they started to use rods of iron (a scarce commodity then) a rod being an 'obol', six making up a handful - a 'drachma'. Then coins of bronze, silver and then gold of various weights were progressively developed at weights and values according to the city where they were minted. The names obol and drachma were used for the coins.

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11y ago

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