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  1. Metal-based coins had the advantage of carrying their value within the coins themselves. On the other hand, they induced manipulations, such as the clipping of coins to remove some of the precious metal. A greater problem was the co-existence of gold, silver and copper coins in Europe.

  2. Oct 26, 1996 · 1000 B.C.: First Metal Money and Coins. Bronze and Copper cowrie imitations were manufactured by China at the end of the Stone Age and could be considered some of the earliest forms of...

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    • Why We Need Money. Money talks, but it don’t sing and dance and it don’t walk. – Neil Diamond, “Forever in Blue Jeans” READ MORE: Who Invented Jeans? History of a Closet Staple.
    • The World Before Money: Bartering to Bovines. Where my money at? – Cream, “Money, Money, Money” What was the world like before money came to govern our lives?
    • Small, Shiny Objects. Money doesn’t grow on trees. The old adage is true, but it did once grow in seabeds. Experts believe that the first small, shiny objects that acted as currency weren’t gold or silver coins, they were cowrie shells.
    • The First Gold Coins. Gold can warm your heart. – Scrooge McDuck. In what is now Turkey, King Alyattes of the Kingdom of Lydia is thought to have commissioned the first official currency late in the seventh or early in the sixth century BCE.
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  4. Apr 3, 2024 · The transition from commodity money to metallic money marked a pivotal moment. The first coins were minted in the ancient kingdom of Lydia around 600 BC. Made from electrum, a natural alloy of gold and silver, these coins featured stamped designs to certify their authenticity and value.

  5. While the use of metal for money can be traced back to Babylon before 2000 BCE, standardized and certified coinage may not have existed until the 7th century BCE. According to many historians, it was during this time that the kingdom of Lydia (in present-day Turkey) issued the first regulated coins.

  6. Dec 19, 2021 · Metallic money originally began as physical coins minted out of the valuable metals of the time and place, like gold, silver, bronze, copper, and more. But over time, coins were minted with cheaper metals that weren’t as valuable and stood in place of those precious metals to keep them safe.

  7. Aug 18, 2019 · Metals objects were introduced as money around 5000 B.C. By 700 BC, the Lydians became the first in the Western world to make coins. Metal was used because it was readily available, easy to work with, and could be recycled. Soon, countries began minting their own series of coins with specific values.

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