Alyattes, sometimes described as Alyattes I, was the fourth king of the Mermnad dynasty in Lydia, the son of Sadyattes, grandson of Ardys, and great-grandson of Gyges. He died after a reign of 57 years and was succeeded by his son Croesus.
A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called the obverse and the reverse, referring to the front and back sides, respectively. The obverse of a coin is commonly called heads, because it often depicts the head of a prominent person, and the reverse is known as tails.
The denarius was the standard Roman silver coin from its introduction in the Second Punic War c. 211 BC to the reign of Gordian III, when it was gradually replaced by the antoninianus. It continued to be minted in very small quantities, likely for ceremonial purposes, until and through the Tetrarchy (293–313).
Lydia was an Iron Age kingdom situated in the west of Asia Minor, in modern-day Turkey. The ethnic group inhabiting this kingdom are known as the Lydians, and their language as Lydian and their capital was Sardis.
Croesus was the king of Lydia, who reigned from 585 BC until his defeat by the Persian king Cyrus the Great in 547 or 546 BC. According to Herodotus, he reigned 14 years. Croesus was renowned for his wealth; Herodotus and Pausanias noted that his gifts were preserved at Delphi. The fall of Croesus had a profound effect on the Greeks, providing a fixed point in their calendar. "By the fifth century at least", J. A. S. Evans has remarked, "Croesus had become a figure of myth, who stood outside the conventional restraints of chronology."
Orichalcum or aurichalcum is a metal mentioned in several ancient writings, including the story of Atlantis in the Critias of Plato. Within the dialogue, Critias says that orichalcum had been considered second only to gold in value and had been found and mined in many parts of Atlantis in ancient times, but that by Critias's own time, orichalcum was known only by name.
The history of coins stretches back to the first millennium BC/BCE. Notable examples of coins include the Lydian Lion coins, Persian daric and siglos, Tong Bei, the dirham and gold dinar.
The history of ancient Greek coinage can be divided into four periods: the Archaic, the Classical, the Hellenistic and the Roman. The Archaic period extends from the introduction of coinage to the Greek world during the 7th century BC until the Persian Wars in about 480 BC. The Classical period then began, and lasted until the conquests of Alexander the Great in about 330 BC, which began the Hellenistic period, extending until the Roman absorption of the Greek world in the 1st century BC. The Greek cities continued to produce their own coins for several more centuries under Roman rule. The coins produced during this period are called Roman provincial coins or Greek Imperial Coins.
Pactolus, also called Chrysorrhoas (Χρυσορρόας), now named Sart Çayı, is a river near the Aegean coast of Turkey. The river rises from Mount Tmolus, flows through the ruins of the ancient city of Sardis, and empties into the Gediz River, the ancient Hermus. The Pactolus once contained electrum that was the basis of the economy of the ancient state of Lydia, which used the naturally occurring alloy of gold and silver to forge the first coins under Alyattes of Lydia.
The stater was an ancient coin used in various regions of Greece. The term is also used for similar coins, imitating Greek staters, minted elsewhere in ancient Europe.
The earliest coinage of Asia is also the oldest coinage of the world. Coins were invented several times independently of each other. The earliest coins from the Mediterranean region are from the kingdom of Lydia, and are now dated ca. 600 BCE. The dating of the earliest coins of China and India is difficult and the subject of debate. Nevertheless, the first coins of China are at least as old as the earliest Lydian coins and possibly older, while the earliest coins of India seems to have appeared at a later stage.
Silver coins are one of the oldest mass-produced form of coinage. Silver has been used as a coinage metal since the times of the Greeks; their silver drachmas were popular trade coins. The ancient Persians used silver coins between 612–330 BC. Before 1797, British pennies were made of silver.
The Achaemenid Empire issued coins from 520 BC–450 BC to 330 BC. The Persian daric was the first gold coin which, along with a similar silver coin, the siglos represented the first bimetallic monetary standard. It seems that before the Persians issued their own coinage, a continuation of Lydian coinage under Persian rule is likely. Achaemenid coinage includes the official imperial issues, as well as coins issued by the Achaemenid provincial governors (satraps), such as those stationed in Asia Minor.
Corinthian bronze, also named Corinthian brass or aes Corinthiacum, was a highly valuable metal alloy in classical antiquity. It is thought to be an alloy of copper with gold or silver, although it has also been contended that it was simply a very high grade of bronze, or a kind of bronze that was manufactured in Corinth. It is referred to in various ancient texts, but no certain examples of Corinthian bronze exist today. However, it has been increasingly suggested that a number of artefacts previously described as niello in fact use a technique of patinated metal that may be the same as Corinthian bronze and is similar to the Japanese Shakudō.
Colored gold is the name given to any gold that has been treated using techniques to change its natural color. Pure gold is slightly reddish yellow in color, but colored gold can come in a variety of different colors by alloying it with different elements.
Group 11, by modern IUPAC numbering, is a group of chemical elements in the periodic table, consisting of copper (Cu), silver (Ag), gold (Au), and roentgenium (Rg), although no chemical experiments have yet been carried out to confirm that roentgenium behaves like the heavier homologue to gold. Group 11 is also known as the coinage metals, due to their usage in minting coins—while the rise in metal prices mean that silver and gold are no longer used for circulating currency, remaining in use for bullion, copper remains a common metal in coins to date, either in the form of copper clad coinage or as part of the cupronickel alloy. They were most likely the first three elements discovered. Copper, silver, and gold all occur naturally in elemental form.
Billon is an alloy of a precious metal with a majority base metal content. It is used chiefly for making coins, medals, and token coins.
The coinage metals comprise those metallic chemical elements and alloys which have been used to mint coins. Historically, most coinage metals are from the three nonradioactive members of group 11 of the periodic table: copper, silver and gold. Copper is usually augmented with tin or other metals to form bronze. Gold, silver and bronze or copper were the principal coinage metals of the ancient world, the medieval period and into the late modern period when the diversity of coinage metals increased. Coins are often made from more than one metal, either using alloys, coatings (cladding/plating) or bimetallic configurations. While coins are primarily made from metal, some non-metallic materials have also been used.
Hermodike II has been attributed with inventing coinage by Aristotle. Other historians have translated the name as Hermodice, Damodice or Demodike as translated by Julius Pollux.
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 from around 550 BC. Croesus is credited with issuing the first true gold coins with a standardised purity for general circulation, and the world's first bimetallic monetary system.
