Silver Double Siglos of King Croesus of Lydia - 550 BC. The first silver coin. Issued by the famously wealthy King Croesus of Lydia, circa 550 BC. The front of the coin with a leaping, open-jawed lion, attacking a large bull. The reverse with two incuse punches - impact marks designed to show the purity of the metal. In late 7th Century BC Lydia, a new and revolutionary piece of technology was developed - coinage. At first, coins were made from crude lumps of electrum, an alloy of gold and silver that was found amongst the shale of the river Pactolus. However, it was not until the fabled King Croesus came to power and discovered how to separate electrum into gold and silver that the first bi-metallic system of coinage was created. The ancient world now had a fully flexible and efficient medium of exchange. The significance of this invention is hard to overstate. Quite simply, it democratised wealth; facilitating trade, creating markets, spreading ideas and pushing humanity into a new era of enterprise and commerce.
- Price: $3,900.00 - In stock