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  Lydia, Kings of. Time of Kroisos. Circa 561-546 BC. AV, Gold Twelfth Stater.
        Light series. Walburg SNR 70 (1991), VI 2-4. Good VF. $1,500.00.
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                                  Item # 63208

                                     Greek:
           Currently 900 USD                  First Bid 900 USD
DescriptionQuantity  1                        # of Bids 0 (bid history)
           Time Left 15 hours, 22 mins +      Location
           Started   Mon, 18 Jun, 2001        Country   USA
                     18:00:00
           Ends      Mon, 02 Jul, 2001        (mail this auction to a friend)
    Bid              09:46:00
           Seller    (ask CNG a question)
           High bid
           Payment
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                                  Description
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Lydia, Kings of. Time of Kroisos (Croesus). Circa        Click for Larger Image
561-546 BC. AV Twelfth Stater (0.66 gm). Light series.
Sardes mint. Confronted foreparts of lion and bull /     [Image]
Incuse punch. Walburg, "Lydisch oder Persisch?" SNR 70
(1991), VI 2-4. Good VF. Estimate $1500.

History: The Kingdom of Lydia, under the Mermnad dynasty, may well have been the
originator of coinage in the Mediterranean world. It possessed rich deposits of
electrum, an alloy of gold and silver, which was the only metal used for coin
production in its earliest stages. The Lydians later demonstrated their
ingenuity in monetary matters by introducing a bimetallic currency system,
comprising coins struck in pure gold and silver instead of electrum which was of
variable intrinsic value. This development took place under King Kroisos
(560-546 BC), a monarch famed for his extraordinary wealth, at which time the
types of the royal Lydian coinage were standardized to depict the confronted
foreparts of a lion and a bull, possibly symbolizing the sun and the moon. Coins
were struck in a range of denominations, both in gold and silver, the relative
value of the two metals at this time being 131/3 : 1.

                                    Bidding
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  Lydia, Kings of. Time of Kroisos. Circa 561-546 BC. AV, Gold Twelfth Stater.
 Light series. Walburg SNR 70 (1991), VI 2-4. Good VF. $1,500.00. (Item #63208)

                       Current Bid                900 USD
                       Bid Increment               25 USD
                       Minimum Bid                925 USD

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