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The tyrants of Syracuse were fabulously rich, and part of their public relations policy was to fund quadrigas for the Olympic chariot race, a very expensive undertaking.
As they were often able to finance more than one quadriga at a time, they were frequent victors in this highly prestigious event.
Because of this very aspect, Spartan legislation famously forbade issuance of Spartan coin, and enforced the continued use of iron spits so as to discourage avarice and the hoarding of wealth.
In addition to its original meaning (which also gave the euphemistic diminutive "obelisk", "little spit"), the word obol (ὀβολός, obolós, or ὀβελός, obelós) was retained as a Greek word for coins of small value, still used as such in Modern Greek slang (όβολα, óvola, "monies").
Greek traders spread Greek coins across this vast area, and the new kingdoms soon began to produce their own coins.
The Archaic period extends from the introduction of coinage to the Greek world during the 7th century BC until the Persian Wars in about 480 BC.
This contributed to their success as the premier trade coin of their era.
Tetradrachms on this weight standard continued to be a widely used coin (often the most widely used) through the classical period.
The coins produced during this period are called Roman provincial coins or Greek Imperial Coins.
The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams of silver and the Corinthian standard based on the stater of 8.6 grams of silver, that was subdivided into three silver drachmas of 2.9 grams, and the Aeginetan stater or didrachm of 12.2 grams, based on a drachma of 6.1 grams.), and six spits made a "handful".