Obscure Coins • Week 7 • Classical Greece

Attic Tetradrachm:
The Athenian Owl Silver Dollar

In this article you will learn:

About the Attic Tetradrachm, Classical Greece's famous 17.2g silver coin featuring Athena and the owl of wisdom that financed the Parthenon.

If there is one coin that embodies the Golden Age of Classical Athens, it is the Attic Tetradrachm—affectionately known across the ancient Mediterranean as the "Athenian Owl" (Glaux).

Minted from approximately 510 BCE to 38 BCE, this heavy 17.2-gram silver coin became the world’s first true international trade currency, recognized and accepted from Sicily to Egypt, Persia, and India.

The Silver Mines of Laurion

Athens' numismatic dominance was fueled by a fortunate discovery in 483 BCE: a massive rich vein of silver ore at the state mines of Laurion, south of Athens. Athenian statesman Themistocles persuaded the citizens to use the silver revenue to build a massive fleet of 200 trireme warships—which defeated the Persian navy at the Battle of Salamis in 480 BCE.

Iconic High-Relief Design

The design of the Tetradrachm remained virtually unchanged for centuries to maintain trader trust:

Financing the Golden Age

The Athenian Owl paid the stonemasons who sculpted the Parthenon, funded Pericles’ public works, paid juries in Athenian courts, and settled grain import debts with Black Sea merchants. Its unyielding silver purity set the standard for classical coinage until Alexander the Great expanded Macedonian mints across his empire.

Test Your Knowledge

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Sir William Raleigh

Sir William Raleigh is a numismatist with over 40 years of experience studying British and European coinage.

Contact: sirwill [at] cointoss.uk