| Asia Minor And Its History And Legends | | | | "Metal certified by marks upon it to be of a definite |
| During the 6th and 5th Centuries before Christ, the | | | | exchange value and issued by government to be used |
| Lydian empire with its impregnable capital of Sardis | | | | as money." were produced in great numbers. |
| perched high on Mount Tmolos changed world history. | | | | The 'Trite', the most common Lydian denomination of |
| Contrary to the neighboring Phrygians, who had been | | | | its time, was made from electrum alloys and usually |
| in Anatolia since just 1200 B.C., the Lydians were an | | | | consisted of 53% gold, 45% percent silver and 2% |
| ancient race whose origins were planted in earlier | | | | percent copper. It was supposed that the coins were |
| Hittite cultures. Lydia, lying at the Mediterranean end of | | | | minted for trading in respect to the fact that Sardis |
| an ancient trade route that led all the way to the | | | | was located at the end of a major trade route that |
| Arabian coast of Mesopotamia, had always been | | | | extended all the way to the Babylonian gulf in |
| prosperous, but under the reign of King Alyattes II and | | | | Southern Mesopotamia, but this has been largely |
| later his son and heir Croesus, it became one of Asia's | | | | dispelled due to the gold and silver coins of being far |
| richest empires in gold and silver. | | | | too large a value, about a month's subsistence in total. |
| After beating back the attacking Cimmerians in the | | | | Despite the large quantities of production, no Lydian |
| 700 B.C., Lydia absorbed Phyrgia its wealth of gold and | | | | gold or silver coins have been found in or around |
| silver, and all its lands including the source of King | | | | archeological digs associated with market trade in the |
| Midas' wealth: the gold and silver rich Paktolos River. | | | | Lydian empire, or elsewhere along the extensive |
| To extract precious metals from the river, the Lydians | | | | connecting trade routes used at the time. It is instead |
| dredged the river's sediments, filtering out the electrum, | | | | believed that these gold and silver coins were intended |
| gold, and silver particles using sheepskins. The lanolin, a | | | | as trade for tax payments, religious offerings, wedding |
| waxy material found in wool, captures the precious | | | | presents, hospitality offerings, or salaries to |
| metals but allows sand to wash over it. It is believed | | | | mercenaries. |
| that this method may have given rise to the legend of | | | | Whatever the case Lydia was the first example of |
| 'The Golden Fleece'. Contrary to supposition, concrete | | | | the transition from an agricultural barter economy to a |
| proof of Lydia's metallurgical prowess and its use of | | | | commercial monetary urban economy. Today, scholars |
| the river's precious ores were later found at | | | | believe that the Lydians invented the world's first free |
| archeological excavations near Lydia's capital city, | | | | market, and created gold and silver coins because |
| Sardis. | | | | they were the first to recognize their profit-making |
| Archeologists, on discovering an ancient industrial | | | | potential. This was proved in Lydia's economic growth, |
| quarter near the Paktolos River just outside Sardis, | | | | which in less than a hundred years under King Alyattes |
| exposed a variety of objects including a blow-pipe | | | | II and his son and heir Croesus, saw it go from a |
| nozzle, bellows, ovens, crucibles, cupules, and | | | | kingdom to an empire. Indeed, it is from this period that |
| waste-materials, which corroborate that the local | | | | the expression 'as rich as Croesus' is derived. |
| silversmiths had the ability to separate gold and silver | | | | Soon, Croesus' began to build diplomatic ties with |
| from placer electrum by cementation and cupellation | | | | mainland Greece, funding the building of one of the |
| processes. Further discoveries of stone moulds also | | | | seven ancient wonders: the temple of the Greek |
| testify to the Sardians' utilization of their local supplies | | | | goddess Artemis at nearby Ephesus, and inviting the |
| of gold and silver for the making of fine jewelry. | | | | Athenian statesman Solon to Lydia. During his stay |
| However, the gold and silversmiths of Lydia didn't | | | | Solon, who later formed the weight standards for the |
| make history with their ability to produce fine jewelry, | | | | Athenian silver drachmas, became influenced by |
| but with the world's first monetary system. While the | | | | Lydia's ingenious monetary reforms and carried the |
| much earlier established civilizations of Mesopotamia | | | | idea back to Greece. |
| and Egypt were still bartering in the form of silver | | | | Read Silver Jewelry History That Became Legend |
| ingots, silver rings, and other items of precious metals, | | | | Part I - King Midas |
| Lydians were using coins with a mark of authority at a | | | | Read Silver Jewelry History That Became Legend |
| fixed exchange value. | | | | Part II - Jason's Fleece |
| In the 6th Century B.C. under King Alyattes II, gold and | | | | Copyright © SilverShake Corporation. All Rights |
| silver coins as defined in Webster's dictionary as | | | | Reserved. |