Archives par mot-clé : first coinage

The Core and the Gilding: the First Fake Coins in the Western World

Stater, electrum, Phocaea, Ionia, end 7th-mid 6th BC, 16,06g. Obverse, lion head left ; reverse, incuse square (BnF, MMA, Luynes 2655)

Lire ce billet en français : L’âme et la tôle : les premiers faux de l’histoire monétaire occidentale

The earliest coins struck in the Western world date from the last third of the 7th century BC. They were produced in Asia Minor, in the western part of present-day Turkey, where Greek cities and Hellenized indigenous peoples cohabited. These are metal pellets stamped by the issuing authority to guarantee their value, in particular the weight and quantity of precious metal they contain. The novelty of these objects lies in the fact that these coins can be counted, in contrast to the prior practice of weighing metals. The other characteristic of these currencies is that they are legal objects issued by an authority. The Greek name of the currency is nomisma, a word that comes from nomos, ‘law’. In spite of this etymology, it must be noted that forgeries were invented at the same time as the coins guaranteed by the State. Continuer la lecture de The Core and the Gilding: the First Fake Coins in the Western World