WORLD CIVILIZATION

Detailed explanation-1: -Early developments, c. 650–490 bc. True coinage began soon after 650 bc. The 6th-century Greek poet Xenophanes, quoted by the historian Herodotus, ascribed its invention to the Lydians, “the first to strike and use coins of gold and silver.” King Croesus of Lydia (reigned c.

Detailed explanation-2: -Gold staters from Lydia were first coins in the world The earliest coins of any on the planet are believed to date back to approximately the second half of the 7th century BC, during the reign of King Alyattes, who was in power from 619 to 560 BC.

Detailed explanation-3: -The first coins were made of electrum, an alloy of gold and silver that occurs naturally but that was further debased by the Lydians with added silver and copper. Gold Croeseid, minted by king Croesus circa 561–546 BCE.

Detailed explanation-4: -World’s Earliest Coins True coins, made of electrum–a mineral combining gold and at least 20 percent silver–were first minted in the ancient kingdoms of Lydia and Ionia. Around 560-546 BC, the Lydians learned to separate the gold from the silver in electrum and began to mint gold coins.