This vast region stretched from the borders of India and inner Afganistan in the east to the Adriatic Sea in the west and from Egypt in the south to the coasts of the Black Sea in the north.The Hellenistic Near East and the Hellenistic world beyond the Near East were the product of Alexander's adventure.
When a building has a coin in its foundations, archaeologists know that the building must have been built after the time in which the coin was struck. While not the only evidence pointing to a late first century date for the construction of the vessel, such a find provides precious chronological information.
In 1962, a ship was discovered in London that had a worn coin of the Roman emperor Domitian (A. Careful recording during excavation also showed that the reverse ("tails") of the coin was face up and read "To the good fortune of the Emperor".
Today, although most oriental coins are dated, they are not always dated with an AD date.
Both Japan and Taiwan date their coins by the number of years the emperor or government has been in power.
When coins are found as part of a scientific excavation, they can make an immense contribution to our understanding of ancient society.
One obvious way they help archaeologists reconstruct life on ancient sites comes from the fact that they are relatively easy to date.
(1) Such coins were not only minted during Alexander's lifetime but their issue was continued in the two decades following his death by the Macedonian generals who divided the empire between them and created the Hellenistic kingdoms. (2) But at that moment the study of the Alexander coinage was about to be revolutionized by a young American collector and scholar, Edward T. Newell graduated from Yale in 1907 and took an MA two years later.
Even as the successor kings initialed coinages in their own names and with their own types the "Alexanders" lived on for two centuries during which time they were issued by independent cities as an international coinage. Their very number, however, and the large array of monograms and symbols used to identify the mints where the coins were struck and the mint officials who supervised the work, make this one of the most challenging series for the numismatist. He always remained a private scholar, laboring in his work rooms at the American Numismatic Society in New York where his collection of Greek coins today forms the backbone of the Society's world-famous collection. Hill was referring in the quote above, was a Danish scholar whose work of 1855, Numismatique d'Alexandre le Grand, suivie d'un appendice contenant les monnaies de Philippe II et III, was the first comprehensive study of the coinage.
The repercussions of his reign were thus profound, and nowhere more so than in the history of money.