The oldest known coin is believed to be the Lydian Lion , dating back to around 610-600 BCE.
Here’s why the Lydian Lion is considered the oldest coin:
- Origin: It was minted in the ancient Kingdom of Lydia, located in modern-day Turkey.
- Material: It’s made of electrum, a naturally occurring alloy of gold and silver.
- Design: It features a single-sided design of a roaring lion, the emblem of the Lydian kings who created it.
- Purpose: While its exact purpose is still being debated, it is believed to have been used to standardize trade and facilitate transactions.
It’s important to note that earlier forms of currency existed, such as precious metals exchanged by weight and even bartering systems. However, the Lydian Lion is considered the first standardized metal object used for transactions, marking a significant step in the evolution of money.
What is the oldest coin still in existence?
Thanks for asking. The oldest coin still in circulation is the 10-centimes coin, produced by Federal Mint Swissmint (Switzerland) since 1879. The 10 centimes coins minted from 1879 onwards have had the same composition, size, design and are still legal tender and found in circulation.
What is the oldest coin known to mankind?
Great question! Created over 2,700 years ago, but now located in the British Museum, is the Lydian Lion, the oldest coin in the world. It is a one-sided design featuring a roaring lion, the emblem of the Lydian Kings who created it around 610-600 BC.