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The first coins are believed to have been created by the Lydians, an ancient civilization in what is now western Turkey, around 600 BCE. These early coins were made from electrum, a natural alloy of gold and silver, and featured stamped designs to indicate authenticity and value. This innovation facilitated trade by providing a standardized medium of exchange, replacing the cumbersome barter system. The concept of coinage quickly spread to neighboring regions, influencing economic practices throughout the ancient world.

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3mo ago

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