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Oldest Coin In The World

Do you know what is the oldest coin in the world? Some people say that Lydian Electrum 1/6 stater is the oldest 'western' and first coin but they're some argument whether the Electrum 1/6 stater is a coin or just a ceremonial objects issued by priests. The 1/6 stater discovered in Ancient Greek temple in Temple of Artemis at Ephesus and probably minted in Lydia some 2,700 years ago. The coin have originated ca. 600-550 BC in Anatolia (Turkey), in particular in the Anatolian kingdom of Lydia. Some numismatist don't consider this as a coin since they're not used in commerce and exchanges. Like other Electrum coins, the Electrum 1/6 stater were not standardized in weight.

Jun 20, 2006 The oldest coin available today was discovered in Efesos, an ancient Hellenic city and prosperous trading center on the coast of Asia Minor. The 1/6 stater, pictured below, is more than 2,700 years old, making it one of the very earliest coins. The Oldest Coin in the World. 600-300 BC: Round, base metal coins were invented in China, independent of the Lydian coinage. 600-570 BC: The use of coins spread from Lydia to Greece, where the Greek began minting their own coins. 546 BC: Croesus, the King of Lydia, was captured by the Persians. In October 2007, the Guinness Book of World Records certified the coin as the world's largest gold coin. The coin's front shows Queen Elizabeth II, while the reverse shows a Candian maple leaf. May 24, 2019 One of the oldest and rarest coins, it’s known as a “Double Leopard” due to the depictions of 2 leopards on both sides of the coin, one where the King sits in between them. 2 of the 3 coins were discovered in the River Tyne in 1857 and the third coin was found in the South of England by a metal detecting enthusiast in 2006. Lydian electrum trite (4.71g, 13x10x4 mm). This coin type, made of a gold and silver alloy, was in all likelihood the world's first, minted by King Alyattes in Sardis, Lydia, Asia Minor (present-day Turkey), c. It can be attributed, among other ways, as Weidauer 59-75 (Type 15).

The Greek historian Herodotus, writing in the fifth century BC, stated that 'the Lydians were the first people we know to have struck and used coinage of silver and gold.' He did not say that Lydian coin is the first coin in the world.

Lydian 1/6 stater:
The Lydian Electrum 1/6 stater coins were hand struck. A die with a lion head design for the obverse of the coin. A blank piece of metal was placed on top of the die and a punch hammered onto the reverse. The result was a coin with an image on one side and a punch mark on the other.Source: British Museum.

The Oldest Coin On Earth

Oldest money in the world
The oldest lion head coins were discovered in that temple, and the fact that they were not used in commerce, strengthens the scenario that these coins found there may have actually been badges or medals that were issued by the priests of the temple of Artemis, and the name of the person who received the badge or medal was inscribed on it. Artemis in Anatolia was named Potnia Theron, which is translated as 'mistress of the animals' and her symbol was the lion and the tiger. Source: Wikipedia.

Aegina Chelone coin
Another coin that can be put into consideration for the oldest coin is Aegina Chelone coins minted ca. 700-550 BC. Based on numismatist study, the first turtle coins of Aegina are considered minted ca. 550 BC. The coin produce either by the local Aegina people or by Pheidon, King of Argos (who first set the standards of weights and measures). In B.C. 456 Aegina was one of the greatest commercial states of Greece. This is also the world first silver coin ever minted.

On the obverse show sea-turtle with row of dots down back, and an additional dot on each side at front. The back of the coin show Incuse square divided by broad bands into a conventional pattern of five compartments.

India and China also a possible place for a start of first coins in this world.
Which one of these coins that you think is the world oldest coin ever minted?

Money is something that we use to quantify the value of something. Each note or coin has a face value which is clearly shown, and this is the global system that is applied so that people can exchange money for products in the purchasing process. However, there are some coins that become significantly more valuable than their face value denotes. This is usually because they are extremely rare or very old. They may have been part of a limited production of a particular coin or be one of only a few remaining examples of a coin from a specific era in history. If this is the case, the coin becomes highly collectible and collectors are willing to pay huge sums of money to own the rare coins. Here are five of the most valuable coins that have been sold at auction and it may surprise you to learn how much someone was willing to pay to own such a small metallic object.

5. Edward III Florin 1343 – $6.8 Million

It is the age of this coin that makes it as valuable as it is and is why someone was willing to pay $6.8 million for one at auction. When you consider that this coin has been around for more than 670 years, it is a wonder that any have survived. Just think about how many coins are lost from circulation over the years because people have dropped them down the drain or lost them down the back of the sofa. There are now only three known examples of an Edward III florin in existence. Therefore, it is one of the rarest of all the coins in the world.

4. The Brasher Doubloon 1787 – $7.4 Million

A Wall Street investment firm paid $7.4 million for a Brasher doubloon at auction. The coin was designed by Ephraim Brasher, who was a talented goldsmith. He wanted New York State to start minting coins using his design in copper. However, the state disagreed and said that they did not want coins made from copper. Brasher went ahead with his design anyway but minted most of the coins in bronze. He made just a few of 22-carat gold and it is these that are now so valuable.

3. The Saint-Gaudens Double Eagle 1907 – $7.6 Million

This is another coin that has sold at auction for $7.6 million. The coin was originally designed by Augustus Saint-Gaudens. Unfortunately, this design was extremely complicated and it posed a problem as to how the United States Mint could produce such a coin. To simplify the design for commercial production, the Mint’s chief engraver, Charles Barber, decided to make some modifications to the original design. He removed the phrase ‘In God We Trust’ from the design of the coin. Congress were not pleased with this modification so, although it was produced, only a limited number were made. For this reason, the coin is now extremely rare and valuable.

Oldest Coin In The World Found

2. The Double Eagle 1933 – $7.6 Million

This coin has become so valuable because of a circumstantial quirk. This gold coin was pressed in 1933. However, the coin was never released into circulation. This was because President Franklin D. Roosevelt had banned everyone from owning gold in the same year. He did this as part of an attempt to bring the banking crisis to an end as the country’s financial situation was causing devastating problems in the United States at that time. Despite them never being officially released, twenty of these coins slipped through the net and these coins now have a staggering value.

1. The Flowing Hair Silver/ Copper Dollar 1794/5 – $10 million

Oldest Coin In The Philippines

If only every dollar in your pocket was worth $10 million. Unfortunately, there is just one dollar in the world that has achieved this value at auction. You are probably wondering what makes this dollar so special compared to the dollars that are currently in circulation. Well, the highest valued dollar of all-time was the first dollar ever issued by the United States Federal Government. The coin dates back to either 1974 or 1975 and is made of 90 percent silver and 10 percent copper. When this coin was minted, it was the first issued after the Federal Mint was founded. It is famous for depicting an image of Liberty with her flowing tresses. One of these coins was sold for $10 million in January 2013.