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The first coins ever made: 600 BC The first true coins are generally credited to the Lydians, around 600 BCE in western Anatolia (modern-day Turkey). These early coins were made of electrum, a naturally occurring alloy of gold and silver found in local riverbeds. What made them revolutionary was their standardization: instead of weighed lumps of metal, the Lydians struck small, bean-shaped pieces with consistent weight and stamped them with official designs to certify value. Most bore the image
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The first coins ever made: 600 BC The first true coins are generally c…
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The Cambridge Collection tells the story of the world’s first coins—our Director of Ancient Coins, Zach Beasley, explains Ionian electrum to Croesus’ groundbreaking bi-metallic standard. The most important reform attributed to Croesus was the introduction of a bimetallic coinage in gold and silver, first augmenting and then replacing previous electrum issues. The creation of separate gold and silver denominations was a visionary move that had a major impact on the ancient economy. Croesus gold s
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The Cambridge Collection tells the story of the world’s first coins—o…
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Before standardized currency existed, the first coins were small, uncertain, and made of mixed metals. These early electrum coins mark the beginning of money and the challenge of assigning value in the ancient world. 📽️ https://youtu.be/wP3oD2Zr7DY #casagrandaexplains #ancienthistory #historyofmoney | Roy Casagranda
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Before standardized currency existed, the first coins were small…
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