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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: reverse with hieroglyphs nfr-nb. The gold stater (Egyptian: nfr-nb, "Nefer-nub", meaning "fine gold") was the first coin ever minted in ancient Egypt, around 360 BC during the reign of pharaoh Teos of the 30th Dynasty.
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.
Archaeologists say a recent discovery could provide new insight into life in Egypt 3,000 years ago. An Egyptian-English mission from the University of Cambridge uncovered three gold rings and a ...
The name is mostly applied informally to compositions between 20–80% gold and 80–20% silver, but these are strictly called gold or silver depending on the dominant element. Analysis of the composition of electrum in ancient Greek coinage dating from about 600 BC shows that the gold content was about 55.5% in the coinage issued by Phocaea.
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. But these were gold coins that were mostly used to pay salaries of Greek mercenaries in his service. The small silver coins of Yehud type were not common in Egypt at that time.
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(The reason being that one gold stater generally weighed roughly 8.5 g (0.27 ozt), twice as much as a drachma, while the parity of gold to silver, after some variance, was established as 1:10). The use of gold staters in coinage seems mostly of Macedonian origin. The best known types of Greek gold staters are the 28-drachma kyzikenoi from Cyzicus.
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