![]() Coinage metals must meet certain requirements that ensure that minted coins will stand up against wear and tear, and corrosion and be able to be in circulation for many years. Modern Day Coinage MetalsĬoinage metals are precious metals used to strike coins. Due to different levels of metals in the alloy, coin color ranged from light yellow-gold to a deeper yellow-gold. Electrum consisted of precious metals gold, silver, copper, and other metals. Remnants of coins from other empires reveal that they were made of a naturally occurring alloy called Electrum. Gold coins circulated within the Persian Empire were made of almost pure gold, coins cold have over 90% gold. In fact, the Persian Daric and Siglos, gold, and silver respectively were the official money standard in the Empire. What is known is that all these ancient cities in some form used and circulated coins in market places.Ī coin-based monetary system was first used in the Persian Empire. Other histories claim that coins were first used in Lydia, a region located in what is now modern-day Turkey, or in Ancient India. Some histories claim coins were first used in Greece, specifically in either Ephesus or on the island of Aegina located in the Argo-Saronic Archipelago. However, the origin of where coin usage first arose vary according to different traditions. The origins of coin use date back to before 800 BC. These metals tend to be the least exotic, but the most expensive: copper, gold, nickel, platinum, and silver to name a few. To prevent smelters from melting down the coins for precious metals, most coins for circulation are composed of stable metal alloys. Name for metallic alloys that have traditionally been used to mint coins in the past.
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