Society, economy & sport

The Lydians mint the first coins

c. 601 BCE

In the kingdom of Lydia, in western Turkey, around 600 BC goldsmiths began to stamp small lumps of electrum, a natural alloy of gold and silver, with a lion's head and other marks guaranteeing weight and purity. They were found in the foundations of the Temple of Artemis at Ephesus. Under King Croesus, in the mid-sixth century, the Lydians introduced separate gold and silver coins, and his name became a byword for wealth. The idea of coinage spread quickly to the Greek cities and Persia, and made trade easier by replacing the weighing of metal.

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This moment belongs to the Ancient civilizations (3,200 BCE to 500 CE), writing, cities and empires. You can also browse everything in the 7th century BCE.