WORLD CIVILIZATION

CIVILIZATION

PHOENICIAN

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What type of money did the Lydians develop?
A
Silver colored paper with official lion heads on them.
B
Gold coins with lions on them
C
Electrum, bean sized coins marked with the official lion head symbol.
D
Coins of gold or silver.
Explanation: 

Detailed explanation-1: -The Lydians made the first coins between 640-630 BC, of electrum, a naturally occurring mixture of gold and silver, writes Jack Weatherford in his excellent book The History of Money. They made the electrum into oval nuggets and each was stamped with the emblem of a lion’s head.

Detailed explanation-2: -The Lydians however are considered as the real inventors of coinage, who used for the first minting a precious metal, the electrum. This was an alloy of gold and silver, found in the sand of the river Pactolus, which rose in the mountain Tmolus and flowed through the capital Sardis, in Lydia.

Detailed explanation-3: -However, Lydian staters are widely considered to be the world’s oldest coins. They are made from electrum, a mixture of gold and silver.

Detailed explanation-4: -The Lydian Lion coins were made of electrum, a naturally occurring alloy of gold and silver but of variable precious metal value.

There is 1 question to complete.