By Michael T. Shutterly for CoinWeek ….. Kroisos, King of Lydia Kroisos, the last king of the Ionian kingdom of Lydia in Asia Minor, launched a revolution in coinage when he minted the world’s first gold coins and first silver coins. With his “kroiseids” he also created the world’s first bi-metallic coinage system. The ancient […]
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Heritage presents another assortment of coins in the first of our two annual Hong Kong International Numismatic Fair auctions, this one scheduled for June 28 in Hong Kong (June 27 in the US). As collector interest grows in tandem with the expanding economies of Asia, we continue to witness the inclusion of ever more fantastic […]
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In numismatic circles, Croesus is most famous for introducing the world’s first bimetallic standard, issuing coins of both gold and silver. Prior to this, coins were produced in electrum, a naturally occurring alloy of gold and silver. This situation obviously caused a number of problems, most notably because the proportions of gold to silver were […]
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