Show croesus credited with invention of coinage authorities on the subject tell us that it Is to lydia that we owe tile the invention of coinage in nil all times and in all countries the privilege of coinage has been al allowed lovied the sovereign croesus of leolla clydla was the first monarch to introduce a bimetallic system of coinage gold and silver in the proportion of 0 about three to four this was some time between and B L C metal was chosen doubtless by reason of its durability and in the case of gold and silver by reason of their intrinsic value silver and brass were first used particularly in greece from a lack of sufficient clent gold later however this deficiency was overcome the less liable a metal Is to change in value the better it Is suited for a standard the greeks creeks first issued real coin some time during the seventh century B C by the fourth century the entire world used money |