The Lydian Lion coin is widely considered to be the oldest gold coin, or rather the oldest coin made of electrum (a naturally occurring alloy of gold and silver).
Here’s some information about the Lydian Lion and the world’s oldest gold coins:
- Origin and Date: The Lydian Lion coin originated in the ancient Kingdom of Lydia, located in modern-day western Turkey. They are estimated to have been minted around 600 BCE, during the reign of King Alyattes.
- Composition: These early coins were made of electrum, a natural alloy of gold and silver found in Lydia’s rivers. The electrum used for Lydian coins was carefully controlled to ensure a consistent blend of gold and silver.
- Design: The Lydian Lion coin features a roaring lion on its obverse (front) side, representing strength and power. The reverse side typically has a punch mark, created during the minting process.
- Significance: The Lydian Lion coin is significant because it represents the first use of standardized metal objects for commerce and trade, replacing the bartering system. This innovation helped to stabilize trade and facilitate economic growth, spreading its influence to neighboring regions like Greece and Persia.
It is important to note that while the Lydian Lion was the first widely recognized and standardized coin, there were likely earlier uses of gold and electrum as forms of currency or trade commodities in other civilizations like ancient China. However, the Lydian Lion is considered the first true coin because of its official governmental issuance and its impact on the development of modern monetary systems.
Why is it illegal to own a $20 gold piece from 1933?
For example, the 1933 Double Eagle gold coin, minted but never legally circulated, is considered government property and therefore illegal to own. In fact, owning one of these rare $20 coins today is not just illegal but may result in confiscation.
How much is a 1787 gold coin worth?
Good point! £390.29. £386.49.
What is the oldest US gold coin?
I can help with that. The unique Brasher Doubloon, the first gold coin made for the United States, was sold in December 2011 by rare-coin dealer, Steven L. Contursi of Laguna Beach, California, to Certified Acceptance Corporation (CAC) of Far Hills, New Jersey.