The Wealth of the Persian Empire

The Persian Empire was a series of imperial dynasties centered in modern-day Iran. It spanned from 559 B.C. to 330 B.C. The Wealth of the Persian Empire was because they were the first empire to embrace a monetary system. They bought and trading goods with coinage and were also the first to collect taxes in coins. These factors led the Persian Empire to thrive and Persian Kings to be fabulously wealthy. This wealth enabled Persians to build superior roads. In fact, their roads linked major trade partners and massive architectural wonders within their Empire

Great leaders of the Persian Empire, also known as the Achaemenid Empire, included Cyrus the Great, Darius, and Xerxes. In addition, other family members ruled the Achaemenid Dynasty. These great leader were the first in the world to embrace a monetary system and created wealth around coinage. Consequently, they were the first to collect taxes in coins rather than in goods and services. These factors led them to thrive and the Persian Kings to be fabulously wealthy.

Persian Empire Falls in 330 B.C

The Persian Empire change when the mighty new king of Macedonia, Alexander the Great, came to fight the Persians. He conquered the Persian Empire in 330 B.C. Alexander captured the palace of Xerxes where he found tons of gold and silver bullion methodically stored! Alexander pillaged the wealth in order to have money to pay his men. Over a period of three months the ceremonial Persian capital of Persepolis was all but destroyed. Evidently, it was too dangerous to leave any enormous treasures behind where his enemies could recapture them.

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Alexander the Great Conquered Babylon

The Persian Achaemenid Empire ruled Babylon for about two hundred years. They were the first super power of the ancient world. Their vast empire reached from India down to Egypt and all the way up to the northern border of Greece. The Achaemenids were an unstoppable force until Alexander did the unthinkable. Alexander the Great conquered Babylon and defeated the Achaemenids in 331 BCE. Alexander’s actions change the entire ancient world.

Alexander learned to be a great leader and powerful imperialist from his father Philip II. He also learned to be a battle strategist. Moreover, he knew what the odds would be against an outmatched manpower. But, despite the odds Alexander relied on speed and distraction to achieve victory after victory. Subsequently, Alexander the Great conquered Babylon giving his army a huge decisive victory. A success that gave him the confidence and the momentum to continue marching on towards the east.

Babylon was Alexander the Great’s greatest conquest and “to the victor belong the spoils.” Giving proof to the proverb that the winner is entitled to all of the rewards, bonuses, and benefits of success. Consequently, Alexander’s troops and generals needed to share in those spoils. The spoils that included hoards of gold coins minted by the Persians.

Alexander melted down the Persian coins to re-mint gold double darics. He kept the same Persian features of a kneeling king or hero holding a bow and spear on the front of the coin. This was done in homage and respect of the mighty Persians. However, it was also propaganda to prove that the mighty Macedonian army were not only the victors, but also a generous new leader.

Babylonian Gold Double Daric

Alexander the Great’s gold double daric struck in Babylon is one of the true rarities of the Alexander the Great Series. Upon Alexander’s invasion of central Asia, darics and double darics melted down and recoined as coins of Alexander are quite rare today. To clarify, only a handful of them even exist.

Double darics are far more difficult to find than the regular gold darics. To find a double daric today that commemorated Alexander the Great conquered Babylon is a newsworthy occurrence. This is a very important coin dating back over 2,300 years and is a rare find in any condition.