
Some of the world's earliest coins were made in Lydia, a kingdom in western Anatolia, around 600 BC. They were small lumps of electrum, a natural mix of gold and silver, stamped with a lion's head, the royal emblem, to guarantee their weight and value.
Before coins, people paid with goods or with pieces of metal that had to be weighed at every sale. The first Lydian coins probably date from the start of the reign of King Alyattes, who died around 560 BC, though experts' estimates range from 700 to 550 BC; key evidence comes from coins buried in the foundations of the Temple of Artemis at Ephesus. The capital, Sardis, near today's Salihli in Manisa, was the busiest mint. Because natural electrum varied in its gold content, Alyattes's son Croesus (reigned c. 560–546 BC) issued coins of pure gold and pure silver, the world's first such system. Coins soon spread to the Greek cities and, after the Persian king Cyrus conquered Lydia in 546 BC, across the Persian Empire. China developed coins independently at about the same time. Croesus's wealth became a byword: English still says “as rich as Croesus”.



