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Croesus Stater: The 2,500-Year-Old Coin That Established the Gold Standard

Summary by The Archaeologist
Example of a gold croeseid from the 6th century B.C., with images of a lion and a bull on the front. (Image credit: Alamy) The origins of our modern financial system can be traced back to an ancient innovation—the Croesus stater, a gold coin introduced over 2,500 years ago in the kingdom of Lydia, located in what is now western Turkey.The Birth of the Gold StandardDuring the mid-6th century B.C., King Croesus of Lydia (r. 560–546 B.C.) revolutio…
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epochtimes.de broke the news in on Monday, March 31, 2025.
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