HistoryGovernment, Society and Economy

An Economy Without Coins

Until the Late Period Egyptians did not use coins; they traded goods valued in units of copper (deben) or grain, and wages were paid in bread and beer.

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The officials counted grain and goods. But how did ordinary people buy and sell? For most of its history, Egypt had a rich economy without any coins at all.

Key idea

Until the Late Period, Egyptians did not use coins. They traded goods directly, valuing them in units of copper (the deben, about 91 g in the New Kingdom) or of grain (the khar, a sack of about 77 liters). Wages were paid in rations of bread, beer and grain.

Why it works

Money does three jobs: it measures value, it is a way to pay, and it stores wealth. In Egypt the deben did the first job, measuring value, without having to change hands. A buyer could pay with any goods worth the same number of deben. Grain, which everyone needed, was the most common way to pay and to store wealth.

Worked example: A purchase in deben

In the style of the Deir el-Medina records: a man buys a bed valued at 20 deben. He pays with a goat worth 8 deben, two pairs of sandals worth 1 deben each, and some grain. How many deben' worth of grain must he add?
  1. Goods paid so far: 8 + 1 + 1 = 10 deben.
  2. Still owed: 20 − 10 = 10 deben.
  3. He adds grain worth 10 deben.

Answer: 10 deben of grain. No copper changes hands at all.

Wages and rations

State workers were paid in kind. The tomb-builders of Deir el-Medina received monthly rations of grain, about 4 khar of emmer wheat and 1½ khar of barley for a workman, more for the foremen, plus fish, vegetables, oil and firewood. Emmer was made into bread and barley into beer. When rations were late, people went hungry, which is why the workmen went on strike under Ramesses III.

Units of value.
UnitWhat it measuresSize
debenvalue, in weight of copper (or silver)about 91 g (New Kingdom)
kite (qedet)one tenth of a debenabout 9 g
khargraina sack of about 77 liters

The first coins

Coins were invented in Lydia and the Greek world in the 7th century BC. Greek coins reached Egypt in the Late Period, mostly to be weighed as silver. Egypt's own first coins came under the 30th Dynasty: small gold coins bearing the hieroglyphs nfr nbw, "good gold", probably to pay Greek soldiers. Only under the Ptolemies did coins come into everyday use.

nfr, "good", and nbw, "gold": together, the words on Egypt's first gold coins.

Common mistake

Assuming money meant coins. Egyptians priced things in deben without needing coins, and paid with goods of equal value. A check: a price in deben tells you the value, not what was handed over.

Practice

Pass with 3 right answers, the last 2 in a row. Each right answer earns 2 XP.

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This is one of the top rungs of History of Ancient Egypt.

Sources and further reading

  • Ian Shaw, ed., The Oxford History of Ancient Egypt (Oxford, 2000), ch. 10
  • Wikipedia, "Deben (unit)"
  • Wikipedia, "Ancient Egyptian units of measurement"
  • Wikipedia, "Economy of ancient Egypt"
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