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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.
These difficulties were eliminated circa 570 BC when the Croeseids, coins of pure gold and silver, were introduced. [5] However, electrum currency remained common until approximately 350 BC. The simplest reason for this was that, because of the gold content, one 14.1 gram stater was worth as much as ten 14.1 gram silver pieces.
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 Maria Theresa thaler was a popular silver trade coin in the region around that time. [9] In the wake of this currency reform, Egypt minted a gold coin known as the bedidlik, equal to 100 piastres, and a silver rial coin of 20 piastres corresponding to the Maria Theresa thaler.
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