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Double-die style struck coin from Ancient India, c 304-232 BCE featuring an elephant on one face and a lion on the other. Since that time, coins have been the most universal embodiment of money. These first coins were made of electrum, a naturally occurring pale yellow mixture of gold and silver that was further alloyed with silver and copper.
The Fugio cent, also known as the Franklin cent, [1] [2] is the first official circulation coin of the United States.Consisting of 0.36 oz (10 g) of copper and minted dated 1787, by some accounts it was designed by Benjamin Franklin.
The first manufactured actual coins seem to have appeared separately in India, China, and the cities around the Aegean Sea 7th century BC. [29] While these Aegean coins were stamped (heated and hammered with insignia), the Indian coins (from the Ganges river valley) were punched metal disks, and Chinese coins (first developed in the Great Plain ...
The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the Aeginetan stater or didrachm of 12.2 g (7.8 dwt), based on a drachma of 6.1 g ...
The Coinage Act of 1792 established the United States Mint and regulated the coinage of the United States. [3] The act created coins in the denominations of Half Cent (1/200 of a dollar), Cent (1/100 of a dollar, or a cent), Half Dime (also known as a half disme) (five cents), Dime (also known as a disme) (10 cents), Quarter (25 cents), Half Dollar (50 cents), Dollar, Quarter Eagle ($2.50 ...
The first coins issued by the Gaekwads were issued by Manaji Rao (r. 1789–93) and they followed the Maratha pattern of naming the Mughal emperor Shah Alam II, distinguishing themselves only by the placement of an extra mark or letter to indicate the issuer. After 1857, the designs were changed and coins were issued in the name of the Gaekwads.
Roman currency names survive today in many countries via the Carolingian monetary system, such as the dinar (from the denarius coin), the British pound (a translation of the Roman libra, a unit of weight), the peso (also a translation of libra), and the words for the general concept of money in the Iberian Romance languages (e.g. Spanish dinero ...
The Croeseid, anciently Kroiseioi stateres, was a type of coin, either in gold or silver, which was minted in Sardis by the king of Lydia Croesus (561–546 BC) from around 550 BC. Croesus is credited with issuing the first true gold coins with a standardised purity for general circulation, [1] and the world's first bimetallic monetary system. [1]