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.
If you have any questions about King Croesus Renowned Wealth, please call an Ancient Coin Advisor at Austin Rare Coins & Bullion. We are the industry leaders in the ancient coin marketplace. In conclusion, we would be more than happy to help you find the exact ancient coin you’re looking for.
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!