Money in the Bible Encyclopedia - ISBE

mun'-i: Various terms are used for money in the Bible, but the most common are the Hebrew keceph, and Greek argurion, both meaning silver. We find also qesiTah, rendered by Septuagint "lambs," probably referring to money in a particular form; chalkos, is used for money in Mt 10:9; Mk 6:8; 12:41. It was the name of a small coin of Agrippa II (Madden, Coins of the Jews); chrema, "price," is rendered money in Acts 4:37; 8:18,20; 24:26; kerma, "piece," i.e. piece of money (Jn 2:15); didrachmon, "tribute money" (Mt 17:24 the King James Version, the Revised Version (British and American) "half-shekel"); kensos, "census," "tribute money" (Mt 22:19). 1. Material and Form: Gold and silver were the common medium of exchange in Syria and Israel in the earliest times of which we have any historical record. The period of mere barter had passed before Abraham. The close connection of the country with the two great civilized centers of antiquity, Egypt and Babylonia, had led to the introduction of a currency for the purposes of trade. We have abundant evidence of the use of these metals in the Biblical records, and we know from the monuments that they were used as money before the time of Abraham. The patriarch came back from his visit to Egypt "rich in cattle, in silver, and in gold" (Gen 13:2). There was no system of coinage, but they had these metals cast in a convenient form for use in exchange, such as bars or rings, the latter being a common form and often represented or mentioned on the monuments of Egypt. In Babylonia the more common form seems to have been the former, such as the bar, or wedge, that Achan found in the sack of Jericho (Josh 7:21). This might indicate that the pieces were too large for ordinary use, but we have indications of the use of small portions also (2 Ki 12:9; Job 42:11). But the pieces were not so accurately divided as to pass for money without weighing, as we see in the case of the transaction between Abraham and the children of Heth for the purchase of the field of Machpelah (Gen 23). This transaction indicates also the common use of silver as currency, for it was "current money with the merchant," and earlier than this we have mention of the use of silver by Abraham as money: "He that is born in thy house and he that is bought with thy money" (Gen 17:13). Jewels of silver and gold were probably made to conform to the shekel weight, so that they might be used for money in case of necessity. Thus Abraham's servant gave to Rebecca a gold ring of half a shekel weight and bracelets of ten shekels weight (Gen 24:22). The bundles of money carried by the sons of Jacob to Egpyt for the purchase of grain (Gen 42:35) were probably silver rings tied together in bundles. The Hebrew for "talent," kikkar, signifies something round or circular, suggesting a ring of this weight to be used as money. The ordinary term for money was keceph, "silver," and this word preceded by a numeral always refers to money, either with or without "shekel," which we are probably to supply where it is not expressed after the numeral, at least wherever value is involved, as the shekel (sheqel) was the standard...