Background of
Ptolemy II Philadelphus and his sister-wife
Arsinoe II Silver was scarcer than gold in Egypt, and the exact ratio of their value is unclear. Silver was however probably shipped in significant quantities from abroad. In addition, Ptolemaic Cyprus produced some silver for coinage struck locally.
Monetary isolation of
Ptolemy I Soter, British Museum, London The Ptolemaic Kingdom did not use the Attic weight, or Attic standard, which was very common in other contemporary
Hellenistic states such as the
Seleucid Kingdom. Instead, the Ptolemaic Kingdom used Phoenician weight, which was smaller than the Attic weight. Consequently Ptolemaic coinage was smaller than coins used by other Hellenistic states. The kingdom also briefly utilized
Rhodian standard in the transition process to the Phoenician weight. A possible reason for this very brief usage of the Rhodian weight in coinage may have resulted from strong commercial ties with the island of Rhodes. However, it is important to note that the Rhodian standard was lighter than Attic but heavier than Phoenician weight. As a result, the process shows a clear downward scale in size of the coinage. Despite this coincidence, political reasons and trade partnerships are still offering better explanations than a proposed theory that value of silver was in appreciation during Ptolemy I's reign. The minting of small denomination coins continued, for example coins with Ptolemy and Berenike. Minting of some local coins was allowed with the names of local magistrates. The Ptolemaic coins minted in Judea carried only the Hebrew letters YHD (Yehud), and no Greek lettering. The minting of Yehud coins stopped after the Ptolemaic period. The next coin series was minted only at the time of
John Hyrcanus I with different legends. Substantial advances have been made in the study of Yehud and
Samaria coins in the 21st century. Neighboring Seleucid Kingdom's policy was also not so strict in imposing the royal control on mints. In Egypt and Syria, Ptolemy I discontinued local coinage, which had Alexander the Great's image struck in them, after feeling secure in power.
Roman era , the last ruler of the Ptolemaic Kingdom. Legend: ΒΑCΙΛΙCCΑ ΚΛΕΟΠΑΤΡΑ ΘΕΑ ΝEΩΤEΡΑ. After the demise of the Ptolemaic Kingdom, Egypt became a
province of the
Roman Empire, but silver coinage struck by the Ptolemies still continued to circulate. The Ptolemaic silver coinage had mostly disappeared by the time of
Emperor Nero (AD 54-68), probably melted down and restruck as
Roman provincial coinage. Under Roman control, Egypt retained the closed monetary system, as it had been under Ptolemies. Roman
denarii and
aurei did not circulate in provincial Egypt. ==See also==