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Story of Money


Section 6: Early coins Previous | Next | Section Index
Electrum stater (610–561 B.C.)
A group of seafaring people called the Lydians were the first in the Western World to make coins. King Alyattes standardized the weight and design of coins. The Lydian unit of weight was the stater, and this coin, produced during his reign, has the “denomination” of 1/3 stater. It is made of electrum, a natural alloy of gold and silver.
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