![]() ![]() ![]() The Lydians minted coins of consistent weight and purity to speed up transactions. To establish its value metal was checked for purity and weighed. Before coins, payments were made with metal bullion or by barter. Coinage probably developed in Lydia because it was a trading centre and possessed large gold supplies. Electrum (gold and silver mixture) was used for the first coins, but coinage gained popularity when gold and silver coins were introduced. Lydia was renowned for its wealth and its last king, Croesus, was immortalized in the saying 'as rich as Croesus.'Ĭities and empires managed without coins for over 2000 years. The two deep impressions were created by a hammer, used to punch the image of the lion and bull into the blank coin. ![]() The lion on this coin is seen as a symbol of royalty. These are some of the world's first coins, produced in Lydia, western Turkey, over 2500 years ago.
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