Nov 29, 2011

World first coin-Lydian coin

Lydian Coin
Do You know what is the worlds first coin? Lydian third stater, or trite, minted sometime around 600 BC in Lydia, Asia Minor (current-day Turkey), a country in close geographic and cultural proximity to the Greek colonies in Asia Minor Is the world 1st coin. It's made of electrum, an alloy of gold and silver called "white gold" in ancient times (50-60 percent gold with these coins). One of the many fascinating aspects of this coin is the mysterious sunburst above the lion's eye. Most of the early Lydian coins have no writing on them, just images of symbolic animals. Therefore the dating of these coins relies primarily on archeological evidence, with the most commonly cited evidence coming from excavations at the Temple of Artemis at Ephesus, also called the Ephesian Artemision (which would later evolve into one of the Seven Wonders of the ancient world). A small percentage of early Lydian coins include writing, called a "legend" or "inscription." Another famous early electrum coin with a legend is from nearby Caria, Asia Minor, with the legend reading, "I am the badge of Phanes." Nothing is known about who Phanes was, but one logical assumption is that he was a wealthy merchant. The Lydian’s invented a way to verify if gold was pure or not, they used a black stone that was like jasper and later became known as the touchstone. The goldsmiths would rub the gold object against a set of 24 needles containing varying amounts of the 3 metals: gold, silver, and copper. The 24th needle of course was pure gold, thus creating the system to show that 24 carats is pure gold, (carat is a word derived from the Greek word Keration.)Read More.