The First Silver Coins ever Struck

This is the first silver coins ever struck! It dates back over 2,500 years to modern-day Turkey. King Croesus of Lydia was the first person to issue a bi-metallic coinage system. In addition, it was meant for circulation throughout the kingdom. Coinage of King Croesus all used the same design. They are struck in both gold and silver. Consequently, the design showed a lion and a bull facing one another. The bull implies fertility and the lion implies strength.

The Silver staters are the largest denomination of silver coins from Croesus. There is also a half stater, quarter stater, sixth stater, twelfth stater and a tiny 1/24th stater! We have even sold 2 examples of the tiny 1/48th stater and it is smaller than a pencil eraser!

Gold coins were issued in five sizes—full stater, third stater, sixth, twelfth and 1/24th.  All sizes employ the lion and bull design and each one has punches on the back.

Croesus Silver 1/3 Stater Extremely Fine

This particular Croesus Silver 1/3 Stater Extremely Fine is very noteworthy. It was struck on a perfectly circular flan and has incredible centering. Above all, it has remarkable detail. It is definitely one of the first silver coins ever struck. You can see the double incuse punch on the back of the coin. This occurred when the coin was struck by hand. Incredible, that this one was struck so long ago! This meticulous method to manufacture each coin give every one a unique look. It’s amazing to see the high quality of these coins made nearly 2,600 years ago.

Coinage of Croesus is ranked #9 out of the 100 Greatest ancient coins. Most importantly, the ranking are in the book “The 100 Greatest Ancient Coins.” You’ll find a copy on our website that you can purchase. In addition, you can also find this coin. Furthermore, you can also find other historical hand manufactured coins at Austin Rare Coins. We carry some of the very first coins made of electrum that even pre-date Croesus Silver!

Alexander The Great Silver Drachm

Alexander The Great Silver Drachm in Holder

This Alexander The Great Silver Drachm is a beauty! Few names resonate in history like that of  General Alexander the Great of Macedon.  Even today 2,350 years after his death Coinage issued under Alexander are highly desirable and are sought after by all sorts of collectors.

A Silver Drachm Like this…Will Sell Quickly!

We are pleased to offer this remarkably high end silver drachm graded by NGC Ancients. Because it has been certified in choice mint state condition, it is highly desirable. It also has received the fine style designation, which implies it to be of the highest artistic quality. Furthermore, this particular coin is known to be a lifetime issue. This means it was struck while Alexander was still alive. Coins that were issued after his death are referred to as a posthumous issue. 

Front & Back of this Coin:

Alexander The Great Silver Drachm

Overall the look of this Silver Drachm is remarkable and it is hard to believe that it was struck nearly 2400 years ago. This coin’s silver is bright white, flashy, and the strike is absolutely solid. You will find the obverse depicts Hercules facing right in lifelike fashion wearing a lion skin helmet.

Alexander The Great Silver Drachm - Reverse

The reverse shows Zeus seated upon a throne holding a scepter in his left hand but an eagle is perched on his right hand. You can clearly make out the muscularity features of Zeus and the centering on the back of the coin is absolutely perfect.

Is this Coin is For Sale?

We have only one of these Alexander The Great Silver Drachms available, and expect it to sell quickly given the low price point and all of the features described above. Ancient coins are a remarkable area of the numismatic marketplace. Coins issued under famous generals or noteworthy leaders are highly desirable today—particularly those in such a remarkably high state of preservation. 

Have questions about this coin? Then be sure to call our ancient coin advisor to learn more. This type of coin is a rare find, so it would definitely be a great addition for ancient coin collectors and investors alike!

Alexander The Great Silver Drachm - Both Sides

What Ancient Roman coins were made of silver?

What Ancient Roman coins were made of silver is a question we frequently get. This NGC Certified Roman coin minted by Emperor Otho for instance, is a great example, and it is a beautiful coin. Finding a Silver Denarius in Choice Extremely Fine Condition with 3.54 grams of silver is not an easy task.

On the front of this Otho Silver Denarius you’ll find the likeness of Emperor OTHO CAESAR with his head facing right. On the reverse, seen advancing left, you’ll find the likeness of VICTORIA. She is the Roman Goddess of Victory.

Marcus Otho Caesar Augustus was born Marcus Salvius Otho in the year 28 AD. He was Roman emperor, but only for three months, and in addition his life ended tragically. Two weeks shy of his thirty-seventh birthday Otho took his own life. In conclusion, by stabbing himself with a dagger Otho’s reign ranks as one of the briefest in the history of the Roman Empire.

This coin is an excellent example of one of the least known Roman Emperors. Examples of coins from Emperor Otho are rare because of two reasons. Firstly because he only was emperor for 3 months and secondly because most found were badly damaged. We are lucky to have this Choice Extremely Fine grade and able to share it with you.

Otho denarii are quite scarce and extremely difficult to find. For this reason only around 300 of these coins have been certified, and none in Mint State.

Several Ancient Roman coins were made of silver including the popular Silver Denarius silver coin, however the base silver coin was the Sestertius. In conclusion, there were many types of Roman silver coins. They spanned the 482 years as a Roman Republic, 503 years as the Roman Empire, and 1131 years as the Byzantine Empire.