Ancient Coins: The FIRST Coin

We go all the way back, to the FIRST coin ever.
In this video, lets go over some of the basic concepts about money, how coins represent a step up from just doing commerce with metals, and look at some cool historical facts about the birth of coinage.
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100 Greatest Ancient Coins - amzn.to/3hKz1o4
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The Handbook of Ancient Greek and Roman Coins - amzn.to/3iTB1vv
Greek Coins and Their Values - amzn.to/3mKng4S
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Пікірлер: 95

  • @ClassicalNumismatics
    @ClassicalNumismatics9 ай бұрын

    💰 Help the Channel by "Buying me a Coffee": www.buymeacoffee.com/classicalnumismatics

  • @marianmoses9604
    @marianmoses96045 ай бұрын

    I am a Greek-American and have been a numismatist for 53 years. My oldest coin is a beautifully struck and well preserved Athenian Owl Tetradrachm issued sometime between 490-404 BC. It is certified Ch. AU in a NGC holder. I just acquired it in 2023. This acquisition fulfilled a long standing desire to buy a nice specimen when I was able to afford a very high quality example. It is the star of my collection.

  • @whybob1930

    @whybob1930

    4 ай бұрын

    Aren't coins illegal in Greece?

  • @jadenephrite
    @jadenephrite4 ай бұрын

    Thank you for your video. Regarding 4:29, the gold content in Electrum from ancient Lydia varied considerably. Eventually the Gold Parting Process was invented which could separate Gold & Silver from Electrum and enabled Gold coins and Silver coins to be minted separately. The Electrum separation process was known as Salt Cementation whereby Electrum was combined with salt, urine and brick dust (or pulverized pottery shards), sealed in a crucible and heated. Pure Gold would remain in the crucible along with Silver Chloride which would later be purified into Silver. To convert Silver Chloride into Silver, mix the Silver Chloride into an aqueous solution with some Lye and then some Sugar. Then pure silver powder will precipitate to the bottom of the container. Thereafter melt the silver powder into bullion. Silver coins could then be minted from silver bullion.

  • @samu0450
    @samu04502 жыл бұрын

    Nice, I am getting a Miletos hekte soon, with the striated obverse symbolizing the river the electrum was found in. Very interesting and great video! :D

  • @slavi98
    @slavi982 жыл бұрын

    Your videos have really guided my entry into numismatics, thank you!

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    Awesome! I hope to keep helping beginner numismatists

  • @limaechonumismatics
    @limaechonumismatics5 ай бұрын

    I like to imagine the bumpy surface is to add grip. They’re so small and smooth they must have been dropping them all the time!

  • @hridgreximp6194
    @hridgreximp61942 жыл бұрын

    It’s amazing that these have survived to the modern day. Really a great piece of history!

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    Over two and a half Millenia, its breathtaking!

  • @michaelranasinghe3774
    @michaelranasinghe37742 жыл бұрын

    Thank you for this upload

  • @Numischannel
    @Numischannel2 жыл бұрын

    Excellent video Leo. I am convinced that the very first coins were privately minted; in which case it must have been the jewellers the very first to mint coins. They had the knowledge, technology (precision scales) and the interest to produce them; later the State (king, city, etc.) took over the invention, just as it happened with paper-money.

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    This is a very solid argument I can actually see myself getting behind of. The coins of Phanes, the privately minted silver bent bars from India, all of these very early apparently private endeavours on coinage make a very strong case.

  • @Numischannel

    @Numischannel

    2 жыл бұрын

    @@ClassicalNumismatics Indeed and if you look at the very early electrum coins, there are too many different types, probably representing the personal badges of the issuer; it's very unlikely that at such an early stage of developement there were so many cities coining electrum coins. Most likely all those very early coins were minted all in Lydia by private entrepreneurs.

  • @isabelcrb
    @isabelcrb2 жыл бұрын

    Very interesting! I am actually surprised why older civilizations didnt get to invent coinage sooner, such as the egyptians.

  • @aristosancients3685

    @aristosancients3685

    2 жыл бұрын

    Egypt had a top down economy centered on cereal production

  • @roman11469
    @roman114692 жыл бұрын

    Love your series!

  • @danagray7471
    @danagray74712 жыл бұрын

    Cool topic! Thanks for sharing :)

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    Thanks for watching!

  • @sanpedrosilver
    @sanpedrosilver2 жыл бұрын

    Your videos are some of the best ! Appreciate you sharing your knowledge with us 🤜🏻🤛🏼 Cheers!

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    Keep tuned, there is more to come. Cheers!

  • @svyatoslav4289
    @svyatoslav42899 ай бұрын

    1:20 hystorian: you are the worst mesopotamian copper merchant that i hear of Ea Sparrow Nasir: but you still heard of me

  • @ClassicalNumismatics

    @ClassicalNumismatics

    9 ай бұрын

    "There is no such thing as bad publicity"

  • @artemisarrow179
    @artemisarrow1792 жыл бұрын

    It’s incredible how these coins chronicle our history as a species

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    Coins are as "human" as the individual who put his art on the coin die.

  • @81mrsmitty
    @81mrsmitty Жыл бұрын

    My oldest coin is a trajan denarius, been thinking of splurging and buying an Athenian owl tetradrachm to take the new oldest coin spot.

  • @ypanso
    @ypanso5 ай бұрын

    ty Im a master student at preserving material heritage and this helps a lot in my work where I study ancient coins, i searched for phenician coins and this was on the top of the list and its a great background info

  • @funkas2628
    @funkas2628 Жыл бұрын

    Incredibly well structured and rich information. A very good video that deserves attention.

  • @ClassicalNumismatics

    @ClassicalNumismatics

    Жыл бұрын

    Thank you! Glad you enjoyed it

  • @andrewmacomber1638
    @andrewmacomber16382 жыл бұрын

    Nice! My oldest coin is a 1923 peace dollar. It’s worn almost smooth. My Dad told me his uncle would always carry a “pocket silver”. No way for me varify it’s the same one his uncle had. Idea: 💡Can you do a YT post about this old tradition of a “pocket silver”? It might be interesting. Thanks. ✌🏻❤️🇺🇸🥈

  • @Raycheetah

    @Raycheetah

    2 жыл бұрын

    You can still get "cull" (in a condition which disqualifies them for numismatic grading, such as having been cleaned) Peace Dollars quite affordably. A most beautiful coin! =^[.]^=

  • @ickster23
    @ickster238 ай бұрын

    My oldest piece is an Olbian dolphin cica 500BC. I have some Celtic "ring money", but the date is unknown and can be widley varied and whether it is proto money at all is still being debated.

  • @crkcrk81
    @crkcrk812 жыл бұрын

    Very interesting video. My oldest coins are my Athenian Owl, my Alexander III Lifetime Issue Tet and my Lysimachos Tet, in that order.

  • @user-yj8mh1uk8r
    @user-yj8mh1uk8r8 ай бұрын

    My earliest coin is a Lydian silver lion/bull piece. I don't know if it is a Stater or a division thereof. I don't know either if it is Lydian or early Persian, but I watched your "detect fakes" video and believe it is genuine. Thank you for this video. I already knew what you said in it, but you expressed it very clearly and very well.

  • @creationsxl2979
    @creationsxl29792 жыл бұрын

    Great coin, very cool Kanye. My oldest (and only) coin is a bronze AS of Domitian and I got it because of your videos so thank you very much x keep the vids coming!

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    Awesome to know Im helping people start out their ancients collections!

  • @markp44288
    @markp442882 жыл бұрын

    I wish there were more of these and they were cheaper. My oldest is probably a Carradice Type 3 Persian Siglos. Or a fractional piece from Miletos with a lion and an incuse. With coins that old there is a lot of overlap making it hard to say which is older.

  • @U.S.A.
    @U.S.A.5 ай бұрын

    1:40 Just imagine that one dumbass customer leaves a bad review on your business and after 3700 years people still can see it.

  • @ClassicalNumismatics

    @ClassicalNumismatics

    5 ай бұрын

    Loool!

  • @luisrodriguez6005
    @luisrodriguez6005 Жыл бұрын

    The initial coins like this hecte are described as "typeless" (blanks) with a complex or simple punch incuse on the reverse. Then later likely came the "striated" type coin, which Joe Linzalone (wrote 'ELECTRUM and The Invention of Coinage') reports as the first true coins with an obverse type. The pebble or pelleted trite is presented in vol 1 page 240 #78 of M. Mitchiner's book 'Ancient Trade and Early Coinage' (for reference).

  • @kelvyquayo
    @kelvyquayo2 жыл бұрын

    Told In Stone made me sub here or I don’t get my barley ration. Subbed

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    He's the best! Your supply of subsidised grain is guaranteed!

  • @Raycheetah
    @Raycheetah2 жыл бұрын

    Oldest? An Olbian (Greek) bronze Dolphin, 5th-4th Century BCE. Also, I never realized what the "punch" mark on the Lydian issues was for; in fact, it serves the same function as Chinese "chop" marks, used by merchants accepting coins to verify their legitimacy (very important in a culture rife with counterfeits of everything of value). =^[.]^=

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    Indeed! The Persian Siglos and Daric, which were based on the early Lydian staters, often show tons of chopmarks and bankers marks as evidence they circulated quite a lot around the middle east and the eastern mediterranean.

  • @JuliaSchwind
    @JuliaSchwind4 ай бұрын

    I just bought myself a blank 1/12th stater from Ionia!!!!! Definitely the oldest coin I own now in my collection. What a piece of history. ❤

  • @ClassicalNumismatics

    @ClassicalNumismatics

    4 ай бұрын

    Lovely! I want to add a silver Croesid to my collection, the first western silver coins

  • @brudaram6269
    @brudaram62692 жыл бұрын

    👍

  • @Xxxxxxxxxx3582
    @Xxxxxxxxxx35822 жыл бұрын

    The oldest coins I have are romans and some coins from Afghanistan of the greeks after Alexander the Great death. I have to study the later ones to see to who they belonged (different kings) and try to date them (I bought them when I worked in India).

  • @donklaser217
    @donklaser2172 жыл бұрын

    My oldest coin is a bronze piece from the area of Phalanna in Thessaly - mid 4th century BC.

  • @flaccidvs500
    @flaccidvs5002 жыл бұрын

    Damn imagine being so bad at PR that you still get called out almost 4000 years later! Great video once again! :P My oldest one is a silver diobol from Macedonia around 5th century BC!

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    He kept his complaint letters all tucked away in one of his rooms, I actually think the man enjoyed it!

  • @moderndayennui4999
    @moderndayennui49992 жыл бұрын

    My oldest coin is a 4th Century BC Gorgon Hemidrachm from Mysia (Parium)

  • @QuentinChristensen
    @QuentinChristensen4 ай бұрын

    My oldest (if a "coin") would be a Chinese Warring States arrowhead from as early as 476 BC (through to 221 BC). I've seen comments that these were used as "money" but do you know if there are any references to back that up please? (EG my main Chinese reference - Cast Chinese Coins by David Hartill mentions cowrie shells and ant-nose money, then knife and spade money - no mention of arrowheads used in trade)

  • @antonyreyn
    @antonyreyn2 жыл бұрын

    Great Video no coins but a WW1Bronze 1918 Death Placque that has an image of Britannia and the name of my great Uncle Albert Redmile. Cheers

  • @allanwestphall8108
    @allanwestphall8108Ай бұрын

    My earliest coin (probably) is an Indian punchmarked bent bar weighing 11.3gr and I also have the fraction 1/8 of 1.4gr. Indus Civilisation, ca 500 BC. Fascinating proto-coins and little-known in the west!

  • @jubby4533
    @jubby4533 Жыл бұрын

    My oldest is an Amorican stater from around 80 BC

  • @mrsmith8578
    @mrsmith85782 жыл бұрын

    My oldest coin is an Obol from Miletus, late 6th-5th Centuries BC

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    So is mine! The little Lion with a star on the reverse, right?

  • @mrsmith8578

    @mrsmith8578

    2 жыл бұрын

    @@ClassicalNumismatics Yes! It's a nice coin

  • @ZakeriasRowlandJones
    @ZakeriasRowlandJones2 жыл бұрын

    Oldest coin is a silver drachm of Alexander the Great

  • @ancienthistorygaming
    @ancienthistorygaming2 жыл бұрын

    My oldest was minted in the Late 6th or Early 5th Century BC

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    Great!

  • @PotatoHate
    @PotatoHateАй бұрын

    Question so would people come to the state with there nuggets and ask them to convert it to standardized gold nugget or were they issued somehow?

  • @ClassicalNumismatics

    @ClassicalNumismatics

    Ай бұрын

    Correct! You could bring foreign money, or bullion in bars, go to the local mint, pay a small fee, and get your precious metal coined.

  • @The_RetroManiac
    @The_RetroManiac2 жыл бұрын

    My oldest coin is a buffalo nickel. The date has been worn off, so I assume it's somewhere between 1913 to 1938.

  • @matthewpeacock2936
    @matthewpeacock29362 жыл бұрын

    How does one differentiate under whom Croesied Staters were stuck under? Croesus vs Cyrus II? Thanks to anyone who can educate.

  • @luisrodriguez6005

    @luisrodriguez6005

    Жыл бұрын

    My understanding is that Coesus coins were essentially all about the lion and lion/bull staters and fractions including down t the 1/48th (possibly 1/96th). Cyrus the Great changed coinage to the daric stater showing the warrior king primarily.

  • @ObeseusVsPhallacy
    @ObeseusVsPhallacy2 жыл бұрын

    The oldest piece in my collection is an 1896 (P) BU Morgan dollar

  • @Rom.Aug-476d.c.
    @Rom.Aug-476d.c.5 ай бұрын

    This is a coin that I have in my collection, unfortunately it cost a lot.

  • @jonathanaristone2468
    @jonathanaristone24682 жыл бұрын

    My oldest is an Aegina silver Turtle Stater 5th century BC

  • @ClassicalNumismatics

    @ClassicalNumismatics

    2 жыл бұрын

    The Aegina turtle is one of the most iconic pieces of Greek numismatics. Congratulations, you owe an absolute gem of a coin!

  • @siisjwj7647

    @siisjwj7647

    Жыл бұрын

    👑👑👑👑 gem

  • @thesecondsilvereich7828
    @thesecondsilvereich78283 ай бұрын

    I believed china probably had coins well before us in the western and Middle East

  • @HeliodromusScorpio
    @HeliodromusScorpio2 жыл бұрын

    Fuh oldest coin only about the reign of hadrian

  • @andyhornseth5069
    @andyhornseth50692 жыл бұрын

    Prussian Coin from 1893

  • @thesecondsilvereich7828
    @thesecondsilvereich782810 ай бұрын

    I think china had gold silver copper coins

  • @ClassicalNumismatics

    @ClassicalNumismatics

    10 ай бұрын

    China had coins of all of these metals, but for most of its history it had predominantly copper/bronze coins. Some of the earliest designs are serious contenders for the title of "oldest coin"

  • @rogersheddy6414

    @rogersheddy6414

    9 ай бұрын

    ​@ClassicalNumismatics If you read the book The Immobile Empire, you will see that the Chinese culture has been very big on copying things from other cultures. Although they did originate quite a few things.... I'm kind of guessing they might have been copying the coins, too.... 😅

  • @tetomariano
    @tetomariano Жыл бұрын

    I have a Taras, mintend in Taranto. I think 2 sec. b.C. Moreover, the coin was surely a fake of the time.

  • @Rom.Aug-476d.c.

    @Rom.Aug-476d.c.

    5 ай бұрын

    È un nomos "fourrèe" 😊 È comunque interessante, ha un valore storico...

  • @butter8723
    @butter8723 Жыл бұрын

    gulp

  • @jonathannwonye2754
    @jonathannwonye27545 ай бұрын

    I still have my first 3 and four quarters. I tried to spend them on a soda but they came back!

  • @Tyronius_Maximus
    @Tyronius_Maximus Жыл бұрын

    I only have one coin but its from around 210 BC

  • @ClassicalNumismatics

    @ClassicalNumismatics

    Жыл бұрын

    Thats still pretty darn old. Which one is it?

  • @bvds2007
    @bvds20078 ай бұрын

    What about the early Indian punch-marked coins? I believe they are contenders as well.

  • @ClassicalNumismatics

    @ClassicalNumismatics

    8 ай бұрын

    As well as the Chinese cowry shell bronze immitations and "spade money". Its an interesting topic I'll discuss in a future video

  • @user-fx9hv3up3f
    @user-fx9hv3up3f4 ай бұрын

    Yo mama so old this was her allowance

  • @user-ex9nd3dl2p
    @user-ex9nd3dl2p Жыл бұрын

    I need to show you some amazing coinage

  • @saeedgulaid1395
    @saeedgulaid1395 Жыл бұрын

    😢 to sad 😞!

  • @saeedgulaid1395

    @saeedgulaid1395

    Жыл бұрын

  • @papaluskask999
    @papaluskask9999 ай бұрын

    State or Monarchy? Monarch's Army backed standard with violence

  • @ClassicalNumismatics

    @ClassicalNumismatics

    9 ай бұрын

    A monarchy is nothing but a type of State. All states are backed by violence. The only real difference is that some are more explicit than others.

  • @jamiecollier1588
    @jamiecollier1588 Жыл бұрын

    Will you contact me

  • @NoahJJCoolClips

    @NoahJJCoolClips

    Жыл бұрын

    no

  • @jonathannwonye2754
    @jonathannwonye27545 ай бұрын

    I'm a helper so my first payment was 3 and 4 coins after I asked how I did you couldn't figure out what gender I was cuz I technically have both I'm a male so I get paid more because it's hard to re-stitch The phallic. Four coins from the first civilization that I was a part of plus interest means I'm at least 10 mil a day that's being really really generous pay up. Psychic escort service. I also do rent a friend something totally different I just sit there and look pretty watch TV movies TV shows basically everything a friend should do if you don't have any.