King Croesus renowned wealth became synonymous with his own name. The saying “rich as Croesus” originated in reference to his absurd affluence. Subsequently, Croesus reign became associated with the invention of coins as currency. Before Croesus became King, his father Alyattes had already started to mint various types of non-standardized coins. However, Croesus took it one step further. By developing an innovative refining process and standardizing the specific sizes as well as the purity for general circulation, King Croesus advanced both silver and gold.
In other words, Croesus created intrinsic value deriving from a certain quantity of gold or silver of which it is made. Ironically, Croesus’ gold and silver funded construction of the great Temple of Artemis at Ephesus. This temple was so grand its tremendous size doubled the dimensions of other Greek temples. In fact it is know as one of the Seven Wonders of the ancient world. Unfortunately, today only the foundations and a solitary column stand as a reminder of the site where once greatest temple stood. It is still a testament to King Croesus renowned wealth.
Very first gold coin
Croesus’ first gold coins around 550 BC were true works of art! He first depicted the head the lion representing strength and the bull for fertility on the world’s very first gold coin—THE STATER (Seen in the video below). Even after the Persians invaded and conquered the Lydian territories in 546 BC, Croesus’ legacy would live on. In short, the Persians adopted and used the idea of coinage as they passed it along to other empires.
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