Coined money, carrying a standard weight and a guaranteed value, transformed the barter economy and accelerated trade, taxation, and markets. The idea of money spread rapidly from Lydia to the Greek and Persian worlds.
Related civilizations
Frequently asked questions
- What was First Coins Minted?
- In the 7th century BCE, the Kingdom of Lydia in western Anatolia became the first political power to strike coins of electrum (a gold-silver alloy) bearing a state stamp.
- When did First Coins Minted happen?
- 600 BCE
- Where did First Coins Minted take place?
- Sardes, Lidya