687-652), Ardys (B.C. 600-300 BC: Round, base metal coins were invented in China, independent of the Lydian coinage. This particular coin is of the earliest variety of Lydian coins, most commonly dated to 630-620 BCE during the reign of Sadyattes. 234-235, contended that Chinese coins developed independently but later than Lydian and Greek coins. I infer therefore that, during the reigns of the predecessors of Alyattes, Gyges (B.C. They were stamped bars of metal with varied designs. 610-561). Lydia, or modern-day Turkey, is where the concept of coinage originated. To create the coins, silver plates were cut into appropriate sizes and typically had at least one of its corners cut off. The most famous of all Lydian coinage was the lion and bull coinage of King Croesus, who is known to have created the first bimetallic currency using gold and silver coinage nearly 2,600 years ago. The Lydians were said to be the originators of gold and silver coins.During their brief hegemony over Asia Minor from the middle of the 7th to the middle of the 6th century bc, the Lydians profoundly influenced the Ionian Greeks to their west.
G. Davies, G. Davies, A History of Money: From Ancient Times to the Present Day , University of Wales Press, Cardiff, 1994, pp.54-57, 62, contended that Chinese spade, hoe, and knife money preceded Lydian coinage but refers to them as "quasi-coins." It is often thought that the use of coins was started by the Lydian king Croesus.
Some coins featured a single symbol, while others were punched several times (often five).
A brief history of other ancient coins. 600-570 BC: The use of coins spread from Lydia to Greece, where the Greeks began minting their own coins. The earliest known electrum coins, Lydian and East Greek coins found under the Temple of Artemis at Ephesus, are currently dated to the last quarter of the 7th century BC (625-600 BC). Electrum is believed to have been used in coins c.600 BC in Lydia during the reign of Alyattes. Lydia is called Kisitan by Hayton of Corycus (in The Flower of the History of the East), a name which was corrupted to Quesiton in The Travels of Sir John Mandeville. Whether these coins are Lydian or Ionian may be still an open question, but their primitive style and fabric renders it probable that they are antecedent to the Lion types, which seem to have superseded them about the time of Alyattes (B.C. Lydia, ancient land of western Anatolia, extending east from the Aegean Sea and occupying the valleys of the Hermus and Cayster rivers. 652-615), and Sadyattes (B.C. Unlike the coins of West Asia, early Indian coinage was not circular. There are several regions in the world that developed coinage around the same period. As with Indian coins, D. Schaps, pp. The region of the Lydian kingdom was during the 15th-14th centuries BCE part of the Arzawa kingdom.
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