The world’s first coins were minted in the ancient kingdom of Lydia , located in present-day Turkey, around the late 7th century BC. These early coins, known as Lydian Staters , were made from electrum , a naturally occurring alloy of gold and silver found in the rivers of the region.
Early Lydian Staters were simple lumps of electrum with a roughly impressed pattern or design on one side and an incuse punch mark on the reverse. Over time, these designs became more intricate, eventually featuring the head of a lion, the heraldic badge of the Lydian ruling dynasty.
The Lydian invention of standardized coinage revolutionized trade and commerce, replacing less efficient methods like bartering and using unmarked metal as a medium of exchange. This innovation quickly spread to neighboring regions and paved the way for the development of the monetary systems we use today.
What was the first coin in the world?
However, Lydian staters are widely considered to be the world’s oldest coins. They are made from electrum, a mixture of gold and silver. These early coins were minted around 600 BCE in the kingdom of Lydia in the modern-day country of Turkey.
What coin is worth $1,000,000?
I can help with that. 1943 Bronze Lincoln Penny. Now we’re getting into some serious money. The 1943 Bronze Lincoln penny has gone for hundreds of thousands of dollars, but it could go for as much as $1 million in perfect shape, according to Urban Aunty — as long as it’s missing a mint mark (and thus from Philadelphia).
When was the first 1 coin made?
From my experience, The original, round £1 coin was introduced in 1983. It replaced the Bank of England £1 note, which ceased to be issued at the end of 1984 and was removed from circulation on 11 March 1988, though still redeemable at the bank’s offices, like all English banknotes.