The Invention of the First Coinage in Ancient Lydia — WHE Article Discussion

Money may take many forms, from the digital code of cryptocurrency to the woodpecker scalps favoured in early California. People have also used cattle, cacao beans, cowrie shells, chewing gum, grain, and giant stones as money. Early cultures became especially fond of metals, particularly silver, gold, and electrum (an alloy of the other two). These held their value (unlike a dead cow), were easy to transport (unlike a giant stone), and they could be measured out in exact amounts and fractions (unlike a woodpecker scalp). The only problem with metals is all the weighing. This adds time to every transaction, increasing the inconvenience and costs of doing business with bullion. There had to be a better way – and the ancient Lydians invented it.


This is a companion discussion topic for the original content at https://www.worldhistory.org/article/1793/the-invention-of-the-first-coinage-in-ancient-lydi/.