Thursday, 9 October 2014

History of coins

All western histories of coins begin with their invention at some time slightly before or after 700 BC. in Aegina Island, or according to others in Ephesus, Lydia, 650 BC. Ancient India in circa 6th century BC, was one of the earliest issuers of coins in the world.

Silver and gold coins are the most common and universally recognized throughout history, even today. Mints around the world still make millions of gold and silver coins, such as the Canadian Silver Maple Leaf, the American Gold Eagle, and the Australian Nugget. Copper, nickel, and other metals are also common, but in lower denominations.

The oldest coin available today was discovered in Efesos, an ancient Hellenic city and prosperous trading center on the coast of Asia Minor

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