WORLD CIVILIZATION

Detailed explanation-1: -In approximately 630 BCE, someone in the Anatolian kingdom of Lydia stamped a piece of precious metal with something akin to a signet ring. One outcome of this simple act was that it increased confidence in the lump’s weight and purity when later used in the marketplace.

Detailed explanation-2: -Answer and Explanation: The Lydians were the first people to develop coins, starting in about the 7th Century B.C. They used a metal called electrum to create metal discs that were used for payments during trade. Electrum is a mixture of the elements silver and gold that can be found in nature.

Detailed explanation-3: -Coinage = Money (in the Greek experience the two are equated) was invented in Greece or Asia Minor (Lydia) in the later seventh or earlier sixth century. The Greeks eagerly copied/adapted this innovation and it spread rapidly in their cities during the sixth century.

Detailed explanation-4: -Gold staters from Lydia were first coins in the world Numismatic historians agree that the Lydian stater was the very first coin officially issued by a government and it served as the model for virtually all subsequent coinage everywhere.