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The Croeseid, anciently Kroiseioi stateres, was a type of coin, either in gold or silver, which was minted in Sardis by the king of Lydia Croesus (561–546 BC) from around 550 BC. Croesus is credited with issuing the first true gold coins with a standardised purity for general circulation, [ 1 ] and the world's first bimetallic monetary system .
Coin type of Croesus, the Croeseid, minted in Lydia, under the rule of Cyrus the Great to Darius I. Circa 545–520. It only weighs 8.06 g, compared to the standard 10.7 grams of the Croeseid. [6] Lycia coin, with obverse bull protome and reverse incuse punch mark using a geometrical motif, circa 520-470 BC
Croesus is credited with issuing the Croeseid, the first true gold coins with a standardised purity for general circulation, [1] Herodotus mentioned the innovation made by the Lydians: [1] "So far as we have any knowledge, they [the Lydians] were the first people to introduce the use of gold and silver coins, and the first who sold goods by retail"
List of most expensive coins Price Year Type Grade Issuing country Provenance Firm Date of sale $18,900,000 1933 1933 double eagle: MS-65 CAC United States: King Farouk of Egypt: Sotheby's [1] June 8, 2021 $12,000,000 1794 Flowing Hair dollar: SP-66 CAC United States Neil, Carter Private sale [2] January 24, 2013 $9,360,000 1787 Brasher ...
Gold coin of Croesus, Lydian, around 550 BC, found in what is now modern Turkey Croesus is credited with issuing the first true gold coins with a standardised purity for general circulation, the Croeseid (following on from his father Alyattes who invented minting with electrum coins).
The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the Aeginetan stater or didrachm of 12.2 g (7.8 dwt), based on a drachma of 6.1 g ...