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Gold and Silver Coins

Gold coins are one of the oldest forms of money. The first gold coins in history were coined by the Lydian king Croesus in about 560 BC, not long after the first silver coins were minted by king Pheidon of Argos in about 700 BC.
Gold coins then had a very long period as a primary form of money, only falling into disuse in the early 20th century. Most of the world stopped making gold coins as currency by 1933.
Silver coins are possibly the oldest mass form of coinage. Other than ancient silver coins, silver bullion coins are popular among people who desire a "hedge" against currency inflation or store of value. Silver is internationally recognised as a form of currency under ISO 4217.


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