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The Ptolemaic dynasty introduced standard coinage to Egypt, where pre-existing native dynasties made only very limited use of coins. Egyptian gold stater was the first coin ever minted in ancient Egypt around 360 BC during the reign of pharaoh Teos of the 30th Dynasty. These coins were used to pay salaries of Greek mercenaries in his service.
Gold stater of Nectanebo II; Perfect Gold, or Fine Gold. One of the few coins minted for ancient Egypt is the gold stater, issued during the 30th Dynasty. The reverse of the gold stater shows a horse reared up on its hind legs. The obverse has the two hieroglyphs for nfr and nb: "Perfect gold", or a common-era term: 'Fine'-gold.
Most gold mines in Egypt today were exploited for high-grade gold (15 g/t gold or greater) by the ancient Egyptians; [8] however, there has been limited exploration that applies modern day techniques where deposits can be viable based on gold grades as low as 0.5 g/t (provided there is sufficient tonnage and readily available infrastructure).
The vast majority of ancient Egyptians, it turns out, were dirt poor. ... which sank to the bottom of the Caribbean Sea in 1708 — was gold, silver, gems and treasure worth up to $17 billion.
In conjunction with gold jewellery, Egyptians used coloured glass, along with semi-precious gems. The colour of the jewellery had significance. Green, for example, symbolised fertility. Lapis lazuli and silver had to be imported from beyond the country's borders. Egyptian designs were most common in Phoenician jewellery.
The earliest gold artifacts were discovered at the site of Wadi Qana in the Levant. [13] Silver is estimated to have been discovered in Asia Minor shortly after copper and gold. [14] There is evidence that iron was known from before 5000 BC. [15] The oldest known iron objects used by humans are some beads of meteoric iron, made in Egypt in ...
Much of the economy was centrally organized and strictly controlled. Although the ancient Egyptians did not use coinage until the Late period, [73] they did use a type of money-barter system, [74] with standard sacks of grain and the deben, a weight of roughly 91 grams (3 oz) of copper or silver, forming a common denominator. [75]
Stone weights from the Old Kingdom have been found, weighing about 13.6 g (0.48 oz; 0.44 ozt), giving presumed value of the gold deben, e.g. the weighing stone of king Userkaf. [5] The same unit was used for the jasper weighing stone of the First Intermediate Period king Nebkaure Khety .