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- 600 BCThe transition from commodity money to metallic money marked a pivotal moment. The first coins were minted in the ancient kingdom of Lydia around 600 BC. Made from electrum, a natural alloy of gold and silver, these coins featured stamped designs to certify their authenticity and value.worldhistoryedu.com/the-history-of-money-when-were-coins-first-used-and-by-w…
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WEBJan 4, 2024 · The first coins started to appear during the 7th century BC. While historical records may not pinpoint a single individual responsible for the “invention” of Lydia’s coins, the Lydian King Alyattes and his …
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WEBApr 28, 2011 · The first coins were made of electrum, an alloy of silver and gold. It appears that many early Lydian coins were minted by merchants as tokens to be used in trade transactions. The Lydian state also minted …
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WEBThe first coinage that can be identified with a kingdom comes from Lydia in central Asia Minor. Lydian coins feature the head of a lion, the heraldic badge of the ruling dynasty.
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WEBMar 27, 2015 · For numismatists and numismatic historians, the importance of Lydian coinage is the novel idea that striking or stamping a piece of precious metal with a “State seal” of sorts could confer official status on …
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WEBNov 1, 2014 · It is thought that the first coins first appeared in the mid 500s BC in Asia Minor. Local rulers had to pay Greek mercenaries a set weight of precious metal at the end of their contracts, and to ensure the correct …
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