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Electrum was often referred to as "white gold" in ancient times but could be more accurately described as pale gold because it is usually pale yellow or yellowish-white in color. The modern use of the term white gold usually refers to gold alloyed with any one or a combination of nickel, silver, platinum and palladium to produce a silver ...
These coins were made of electrum, an alloy of gold and silver that was highly prized and abundant in that area. In the middle of the 6th century BC, King Croesus replaced the electrum coins with coins of pure gold and pure silver, called Croeseids. [7] The credit for inventing pure gold and silver coinage is attributed by Herodotus to the ...
Electrum coin from Ephesus, 625–600 BC.Obverse: Stag grazing right, ΦΑΝΕΩΣ (retrograde). Reverse: Two incuse punches, each with raised intersecting lines. The Phanes coins, so called for the name inscribed on them, are early electrum coins from Caria in Asia Minor and are the most ancient inscribed coin series at present known.
Soon after however, the gold coins were struck in a lighter standard of 8.1 grams. [1] The modification of the weight may have been the result of a policy to exchange and remove all electrum coins in circulation with the heavier format, the 10.7 grams corresponding to the nominal weight of gold in a standard 14.1 grams electrum stater (about 70 ...
Silver coins from about 700 BC are known from Aegina Island. [3] Early electrum coins from Ephesus, Lydia, date from about 650 BC. [4] Ancient India in 6th century BC, was also one of the earliest issuers of coins in the world. [5] The gold Croeseids, issued in Lydia, were the first true gold coins with a
Jenkins-Lewis, Group XIII is an electrum quarter shekel coin (1.7 g), with a very low gold content (14%). The obverse is a female head and the reverse is a standing horse looking back over its shoulder (i.e. similar to Group IX of the First Punic War). Jenkins and Lewis place it in the 230s BC, but there is no strong evidence.
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