These early Greek silver coins were denominated in staters or drachmas and its fractions ( obols). As Greek merchants traded with Greek communities ( colonies) throughout the Mediterranean Sea, the Greek coinage concept soon spread through trade to the entire Mediterranean region. In these neighbouring regions, inhabited by Greeks, coins were mostly made of silver. stamped lumps of metal of a specified weight, quickly spread to adjacent regions, such as Aegina. The coins of Lydia were made of electrum, which is a naturally occurring alloy of gold and silver, that was available within the territory of Lydia. ![]() The earliest coins in the world were minted in the kingdom of Lydia in Asia Minor around 600 BC. ![]() Silver drachma from the island of Aegina, after 404 BC
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