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History Of Coins
The history of coins stretches back to the first millennium BC/BCE. Notable early examples of coins include the Lydian lion coins, Persian daric and siglos, Tong Bei, the dirham and gold dinar. Coins are a major archaeological source of history. Coins convey information about language, administration, religion, economic conditions, and the ruler who minted those coins. Coins were first made of scraps of metal by hitting a hammer positioned over an anvil. The Chinese produced primarily cast coinage, and this spread to South-East Asia and Japan. Although few non-Chinese cast coins were produced by governments, it was a common practice amongst counterfeiters. Early coins Ephesus' great temple of Artemis has provided evidence for the earliest coins yet known from the ancient world. The first structures in the sanctuary, buried deep under the later temples, date back to the eighth century BCE, and from that time on precious objects were used in the cult or dedicated to the ...
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Lydia
Lydia (; ) was an Iron Age Monarchy, kingdom situated in western Anatolia, in modern-day Turkey. Later, it became an important province of the Achaemenid Empire and then the Roman Empire. Its capital was Sardis. At some point before 800 BC, the Lydian people achieved some sort of political cohesion, and existed as an independent kingdom by the 600s BC. At its greatest extent, during the 7th century BC, it covered all of western Anatolia. In 546 BC, it became a Lydia (satrapy), satrapy of the Achaemenid Empire, known as ''Sparda'' in Old Persian. In 133 BC, it became part of the Roman Republic, Roman Asia (Roman province), province of Asia. Lydian coins, made of electrum, are among the oldest in existence, dated to around the 7th century BC. Geography Lydia is generally located east of ancient Ionia in the modern western Turkish provinces of Uşak Province, Uşak, Manisa Province, Manisa and inland İzmir Province, İzmir.Rhodes, P.J. ''A History of the Classical Greek ...
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Agamemnon
In Greek mythology, Agamemnon (; ''Agamémnōn'') was a king of Mycenae who commanded the Achaeans (Homer), Achaeans during the Trojan War. He was the son (or grandson) of King Atreus and Queen Aerope, the brother of Menelaus, the husband of Clytemnestra, and the father of Iphigenia, Iphianassa (daughter of Agamemnon), Iphianassa, Electra, Laodice (Greek myth), Laodike, Orestes and Chrysothemis. Legends make him the king of Mycenae or Argos, Peloponnese, Argos, thought to be different names for the same area. Agamemnon was killed upon his Returns from Troy, return from Troy by Clytemnestra, or in an older version of the story, by Clytemnestra's lover Aegisthus. Etymology Different etymologies have been proposed for the name ''Agamemnon'' (). According to one view, the name means 'very steadfast', 'unbowed' or 'resolute'. This is based on the interpretation of the name as a compound word comprising the elements 'very much' and 'to stay, wait; stand fast'. According to anothe ...
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Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are: medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an emergent market phenomenon that possessed intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar. The money supply of a country comprises all currency in circulation (banknotes and coins currently issued) and, depending on the particular definiti ...
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Indian Double-Die Ancient Coin
Indian or Indians may refer to: Associated with India * of or related to India ** Indian people ** Indian diaspora ** Languages of India ** Indian English, a dialect of the English language ** Indian cuisine Associated with indigenous peoples of the Americas * Indigenous peoples of the Americas ** First Nations in Canada ** Native Americans in the United States ** Indigenous peoples of the Caribbean ** Indigenous languages of the Americas Places * Indian, West Virginia, U.S. * The Indians, an archipelago of islets in the British Virgin Islands Arts and entertainment Film * ''Indian'' (film series), a Tamil-language film series ** ''Indian'' (1996 film) * ''Indian'' (2001 film), a Hindi-language film Music * Indians (musician), Danish singer Søren Løkke Juul * "The Indian", an unreleased song by Basshunter * "Indian" (song), by Sturm und Drang, 2007 * "Indians" (song), by Anthrax, 1987 * Indians, a song by Gojira from the 2003 album '' The Link'' Other uses in ...
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Market (economics)
In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in Exchange (economics), exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labour power) to buyers in exchange for money. It can be said that a market is the process by which the value of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any tradeable item to be evaluated and priced. A market emergence, emerges more or less spontaneous order, spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods. Markets generally supplant Gift economy, gift economies and are often held in place through rules and customs, such as a booth fee, competitive pricing, and source of goods for ...
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Ionians
The Ionians (; , ''Íōnes'', singular , ''Íōn'') were one of the traditional four major tribes of Ancient Greece, alongside the Dorians, Aeolians, and Achaeans. The Ionian dialect was one of the three major linguistic divisions of the Hellenic world, together with the Dorian and Aeolian dialects. When referring to populations, "''Ionian''" defines several groups in Classical Greece. In its narrowest sense, the term referred to the region of Ionia in Asia Minor. In a broader sense, it could be used to describe all speakers of the Ionic dialect, which in addition to those in Ionia proper also included the Greek populations of Euboea, the Cyclades, and many cities founded by Ionian colonists. Finally, in the broadest sense it could be used to describe all those who spoke languages of the East Greek group, which included Attic. The foundation myth which was current in the Classical period suggested that the Ionians were named after Ion, son of Xuthus, who lived ...
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Ancient Greek Coinage
The history of ancient Greek coinage can be divided (along with most other Greek art forms) 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. Weight standards and denominations The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of of silver, the Corinthian standard based on the stater of of silver, that was ...
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Mint (facility)
A mint is an industrial facility which manufactures coins that can be used as currency. The history of mints correlates closely with the history of coins. In the beginning, hammered coinage or cast coinage were the chief means of coin minting, with resulting production runs numbering as little as the hundreds or thousands. In modern mints, coin dies are manufactured in large numbers and planchets are made into milled coins by the billions. With the mass production of currency, the production cost is weighed when minting coins. For example, it costs the United States Mint much less than 25 cents to make a quarter (a 25 cent coin), and the difference in production cost and face value (called seigniorage) helps fund the minting body. Conversely, a U.S. penny ($0.01) cost $0.015 to make in 2016. History The first minted coins The first mint was likely established in Lydia in the 7th century BC, for coining gold, silver and electrum. The first coins known to be minte ...
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Troy
Troy (/; ; ) or Ilion (; ) was an ancient city located in present-day Hisarlik, Turkey. It is best known as the setting for the Greek mythology, Greek myth of the Trojan War. The archaeological site is open to the public as a tourist destination, and was added to the List of World Heritage Sites in Turkey, UNESCO World Heritage list in 1998. Troy was repeatedly destroyed and rebuilt during its 4000 years of occupation. As a result, the site is divided into nine Stratigraphy (archaeology), archaeological layers, each corresponding to a city built on the ruins of the previous. Archaeologists refer to these layers using Roman numerals, Troy I being the earliest and Troy IX being the latest. Troy was first settled around 3600 BC and grew into a small fortified city around 3000 BC (Troy I). Among the early layers, Troy II is notable for its wealth and imposing architecture. During the Late Bronze Age, Troy was called Wilusa and was a vassal of the Hittite Empire. The final layer ...
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Croesus
Croesus ( ; ; Latin: ; reigned: ) was the Monarch, king of Lydia, who reigned from 585 BC until his Siege of Sardis (547 BC), 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 (geographer), 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", James Allan Stewart Evans, J. A. S. Evans has remarked, "Croesus had become a figure of myth, who stood outside the conventional restraints of chronology." Name The name of Croesus was not attested in contemporary inscriptions in the Lydian language. In 2019, D. Sasseville and K. Euler published a research of Lydian coins apparently minted during his rule, where the name of the ruler was rendered as ''Qλdãns''. The name comes from the Latin language, Latin transliteration of the Greek ...
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Pactolus
Pactolus (), also called Chrysorrhoas (Χρυσορρόας), the modern 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 mint the first coins under Alyattes of Lydia. Name Pseudo-Plutarch in the De fluviis writes that the river was initially called Chrysorrhoas (Χρυσορρόας ) because according to the legend, Chrysorrhoas (the son of Apollo) threw himself into the river. Later it was called Pactolus, from Pactolus, the son of Leucothea, who during a festival of Aphrodite failed to recognize his own sister, Demodice, and ravished her. Upon realizing what he had done, overwhelmed with grief, he threw himself into the river. Because of this the name of th ...
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Midas
Midas (; ) was a king of Phrygia with whom many myths became associated, as well as two later members of the Phrygian royal house. His father was Gordias, and his mother was Cybele. The most famous King Midas is popularly remembered in Greek mythology for his ability to turn everything he touched into pure gold and this came to be called the ''golden touch'', or the ''Midas touch''. The legends told about this Midas and his adopted father Gordias, credited with founding the Phrygian capital city Gordium and tying the Gordian Knot, indicate that they were believed to have lived sometime in the 2nd millennium BC, well before the Trojan War. However, Homer does not mention Midas or Gordias, while instead mentioning two other Phrygian kings, Mygdon of Phrygia, Mygdon and Otreus. Midaeum was presumably named after him, and this is probably also the Midas that according to Pausanias (geographer), Pausanias founded Ancyra (today known as Ankara). Another King Midas ruled Phrygia in t ...
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