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European Mints for Georgian Money

by Georgia Today
January 19, 2021
in Culture
Reading Time: 3 mins read
European Mints for Georgian Money

In history books it is fashionable to talk about Georgia’s political, military and economic ties with the West in the light of various recent agreements signed between Tbilisi and the EU/NATO or cooperation the Medieval Georgian kings had with their western counterparts. Far smaller ties are rarely mentioned, though over millennia they have constituted a significant bond between Georgia and the West. The minting is one of such spheres and is a testimony to the country’s cultural, technological and economic cooperation with the West.

Georgia’s relations with the West also have a “financial” history. On April 9, 1991 the Supreme Council of Georgia declared independence of the country. National Bank of Georgia was established on August 2, 1991. Since October 2, 1995 lari, national currency of Georgia, has been in circulation. This was a revival of the national minting tradition, which started in the 6th c. B.C.

With no technologies left by the Soviets, Georgians had to order to Western companies both banknotes and commemorative coins. For example, banknotes dated by 1995 and commemorative gold coin dedicated to the 50th anniversary of victory in World War II were produced by the French company “François Charles Oberthure”, following the Georgian design. In 2000 National Bank of Georgia ordered to the Royal Mint, UK, silver, copper-nickel alloy and bimetallic coins dedicated to 2000 A.D. and 3000 years of Georgian statehood.

Tedo Dundua, Giorgi Dundua, Niko Javakhishvili, Ani Eristavi. Money in Georgia. Tbilisi. 2003, pp. 153, 171-174.

Collaboration of the same type existed in the past. Not because they lacked mint technologies, but for higher level of Greek art, some of Georgian (Colchian and Iberian) rulers ordered their coins to be struck in bilingual (Graeco-Colchian) cities of Phasis (Modern Poti, Western Georgia) or Trapezus (Modern Trabzon, Turkey).

Coin evidence and narrative clearly demonstrate that throughout the second half of the 3rd c. B.C. Bagrat Pharnavaziani, duke of Klarjeti (Southwest Georgia), issued the coins with the proud Aramaic legend. Saurmag, the second king of Iberia (East, South and Southwest Georgia), had to deal with a revolt of the dukes. Was ambitious Bagrat among them, did he secure southern principality for himself? Perhaps, we need more records for the full picture. But still, his coins are present, ordered, maybe, to the nearest Greek community. And that could be either Phasis, or Trapezus.

http://geonumismatics.tsu.ge/en/catalogue/types/?type=16

Aka stater is exact copy of the gold coins struck with the name of Lysimachus (after his death), Alexander’s general. Aka stater was issued in the beginning of the 2nd c. B.C. Two specimens are known. Stylistically, technically and artistically the coin is no less than its prototype.

Topography of the coin findings proves their local, Colchian origin – they were found in Trabzon/Trapezus and in Western Georgia. Name of the king on the reverse of the coin is in possessive case and can be translated (from the Greek) as “of king Akes/Aka or Akos.”

Thus, Georgia’s association with the West can be traced in numerous spheres of life, the minting is one of them.

By Prof. Dr. Tedo Dundua, Dr. Emil Avdaliani

Institute of Georgian History, Ivane Javakhishvili

Tbilisi State University 

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