In the middle of the sixth century B.C., King Croesus of Lydia minted the world's first gold coin. Known as a stater or ...

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Known as a stater or Croeseid, the coin represents a key turning point in the history of financial systems: the invention of the gold standard. But Alyattes had been making coins out of electrum ...

Alyattes' coins were standardized based on weight ... the world's first two-metal monetary system and the earliest gold standard. The gold and silver Croeseids had the same design.