Etruscan coins

Etruscans did not have coins. There were clay tablets instead. The Etruscans bartered. Like the Egyptians, Phoenicians and Carthaginians, the Etruscans were rather slow to adopt the Greek invention of coinage. The brief period of Etruscan coinage, with the predominance of marks of value, seems to be an amalgam that reconciles two very different monetary systems: the ‘primitive’ bronze-weighing and aes grave economy of central Italy with that of struck silver and gold issues of southern Italian Greek type not familiar in Etruria.

Silver and gold

Setting aside the early 5th century BC Auriol-type silver fractions of the Volterra hoard of 1868, which are probably not of Etruscan production, the earliest struck silver coinage seems to be that of Vulci and Populonia. An attribution to the 5th century for these first issues of tridrachms, didrachms, or staters and drachms is plausible since they seem to be struck on the ‘Chalcidian’ silver drachm standard of theoretically about 5.8 grams, which were present at Etruria’s nearest Greek neighbour, i.e. Cumae, dated to about 475-470 BC and at other Greek cities important to Etruscan sea-borne commerce in the early 5th century, such as Himera, Naxos and Zancle. The coins are of Greek style, but with an Etruscan flavour and have a predilection for ‘apotropaic’ images of exotic animals and monsters that drive away evil demons. The wheels with curved struts of Vulci are also reminiscent of some 5th century Macedonian tribal coins. These early issues are rare and seem not to have been exported; they have no mark of value and must have had a limited circulation.