The oldest coin in the world acquired 

Oldest Coin in the World

The oldest coin in the world acquired by a rare coin company in Austin was sold to a private collector. Estimated to be one of only twelve known in the world today, the coin was struck 2,650 years ago in Ionia, or modern-day Turkey. You can find more coins like this at www.austincoins.com. Austin Rare Coins and Bullion announced today that they have just completed the sale of the first actual coin ever struck in human history.  Referred to as an Ionian “Striated” Stater, it is estimated that only twelve exist in the world today.

Here is the direct link to the Press Release.

The Very First Electrum Coins

The very first electrum coins in history were minted nearly three thousand years ago in modern-day Turkey. This oldest coin in the world was made from electrum, a naturally occurring alloy of gold and silver found in streams and riverbeds. Moreover, the striated lines on the front of the coin are believed to symbolize flowing water. In fact, this is precisely where the electrum was discovered. During that time, the production of electrum coins revolutionized trade and commerce in the region. Merchants and traders recognized the value and convenience of these standardized coins. Consequently, they facilitated transactions and eliminated the need for cumbersome barter systems. As a result, the economy flourished, and the use of electrum coins spread across different civilizations. Furthermore, the portability and durability of these coins made them ideal for long-distance trade and contributed to the expansion of ancient economies.

Collectors Value Oldest Coin in the World

The significance of this oldest coin in the world extends beyond their practical utility. They provide a fascinating glimpse into the ingenuity and advancement of early civilizations. Moreover, their artistic design and symbolism reveal the cultural and aesthetic sensibilities of the time. Collectors and historians value these coins not only for their historical significance but also for their beauty and rarity. In addition, the discovery of electrum and the subsequent minting of coins marked an important milestone in the development of monetary systems, laying the foundation for the future of currency as we know it today.

Find out more about ancient coins by downloading our free Ancient Coins Report!
oldest coin in the world
Ionian “Striated” Stater, it is estimated that only twelve exist in the world today.

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