by Gary T. Anderson
Turtles, the archaic currency of Aegina, are among the most sought after of all ancient coins. Their early history is a somewhat of a mystery. At one time historians debated whether they or the issuances of Lydia were the world's earliest coins. The source of this idea comes indirectly from the writings of Heracleides of Pontus, a fourth century BC Greek scholar. In the treatise Etymologicum, Orion quotes Heracleides as claiming that King Pheidon of Argos, who died no later than 650 BC, was the first to strike coins at Aegina. However, archeological investigations date the earliest turtles to about 550 BC, and historians now believe that this is when the first of these intriguing coins were stamped.
Aegina is a small, mountainous island in the Saronikon Gulf, about midway between Attica and the Peloponnese. In the sixth century BC it was perhaps the foremost of the Greek maritime powers, with trade routes throughout the eastern half of the Mediterranean. It is through contacts with Greeks in Asia Minor that the idea of coinage was probably introduced to Aegina. Either the Lydians or Greeks along the coast of present day Turkey were most likely the first to produce coins, back in the late seventh century. These consisted of lumps of a metal called electrum (a mixture of gold and silver) stamped with an official impression to guarantee the coin was of a certain weight. Aegina picked up on this idea and improved upon it by stamping coins of (relatively) pure silver instead electrum, which contained varying proportions of gold and silver. The image stamped on the coin of the mighty sea power was that of a sea turtle, an animal that was plentiful in the Aegean Sea. While rival cities of Athens and Corinth would soon begin limited manufacture of coins, it is the turtle that became the dominant currency of southern Greece. The reason for this is the shear number of coins produced, estimated to be ten thousand yearly for nearly seventy years. The source for the metal came from the rich silver mines of Siphnos, an island in the Aegean. Although Aegina was a formidable trading nation, the coins seemed to have meant for local use, as few have been found outside the Cyclades and Crete. So powerful was their lure, however, that an old proverb states, "Courage and wisdom are overcome by Turtles."
The Aeginean turtle bore a close likeness to that of its live counterpart, with a series of dots running down the center of its shell. The reverse of the coin bore the imprint of the punch used to force the face of the coin into the obverse turtle die. Originally this consisted of an eight-pronged punch that produced a pattern of eight triangles. Later, other variations on this were tried. In 480 BC, the coin received its first major redesign. Two extra pellets were added to the shell near the head of the turtle, a design not seen in nature. Also, the reverse punch mark was given a lopsided design.
Although turtles were produced in great quantities from 550 - 480 BC, after this time production dramatically declines. This may be due to the exhaustion of the silver mines on Siphnos, or it may be related to another historical event. In 480 BC, Aegina's archrival Athens defeated Xerxes and his Persian armies at Marathon. After this, it was Athens that became the predominant power in the region. Aegina and Athens fought a series of wars until 457 BC, when Aegina was conquered by its foe and stripped of its maritime rights. At this time the coin of Aegina changed its image from that of the sea turtle to that of the land tortoise, symbolizing its change in fortunes.
The Turtle was an object of desire in ancient times and has become so once again. It was the first coin produced in Europe, and was produced in such great quantities that thousands of Turtles still exist today. Their historical importance and ready availability make them one of the most desirable items in any ancient coin enthusiast's collection.