The first known coins were created by the Lydians around 600 years B.C. Lydia was located on the Southern coast of Asia Minor (Turkey) approximately half-way between Mesopotamia and Greece.
The first coins were made of electrum--an alloy of gold and silver. Each coin was hand engraved. They weigh about the same as a Washington quarter. The Lydians developed the 24 carat system of value and are believed to have established the first permanent retail shops. They were conquered by Alexander the Great and the Persian Empire. Much of what is known about this ancient society comes from the Greek historian, Herodotus.
Showing posts with label coins. Show all posts
Showing posts with label coins. Show all posts
Tuesday, November 20, 2012
The first coins
Labels:
coins,
electrum,
gold,
greece,
hand engraved,
lydia,
mesopotamia,
silver,
turkey
Monday, October 29, 2012
Friday, February 10, 2012
A great collection of Washington quarters

The value of money is always changing, yet remains the same. These silver quarters have a fixed value, but our perception of their value is constantly changing from moment to moment. Their true worth is not only irrelevant, but impossible to determine. Value comes in many forms.
Labels:
coins,
currency,
money worship,
quarters,
uncirculated,
Washington
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