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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 .
Cast copper coins along with punch marked coins are the earliest examples of coinage in India, archaeologist G. R. Sharma based on his analysis from Kausambi dates them to pre Punched Marked Coins (PMC) era between 855 and 815 BC on the basis of obtaining them from pre NBPW period, [45] while some date it to 500 BC and some date them to pre ...
Many history and cultural museums have large numismatic collections (coins, money, and tokens). Some museums are specifically dedicated to the history of money or coins, while others have major collections amongst other material. Many small museums often have important collections of coins from their local area or important archaeological sites.
The Apadana hoard is a hoard of coins that were discovered under the stone boxes containing the foundation tablets of the Apadana Palace in Persepolis. [1] The coins were discovered in excavations in 1933 by Erich Schmidt, in two deposits, each deposit under the two deposition boxes that were found. The deposition of this hoard, which was ...
Hyderabad, Mumbai and Kolkata mints have gold assaying facilities and the Mumbai mint produces standardized weights and measures. Mumbai Mint has a state-of-the-art gold refining facility up to 999.9. Hyderabad Mint has electrolytic silver refining facility up to 999.9. Commemorative coins are made at Mumbai and Kolkata.
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"