What and when was the first coin made ? and where was the 1st paper money made?

December 30, 2006 1:25pm CST
What and when was the first coin made ? and where was the 1st paper money made?
1 response
@natuser28 (907)
• United States
30 Dec 06
All western histories of coins begin with their invention between 643 and 630 BC in Lydia. Since that time, coins have been the most universal embodiment of money. These first coins were made of electrum, a naturally occurring pale yellow mixture of gold and silver. However, archaeologists have recently found 477+ ancient coins dating from 2000-4000 BC at an ancient Thracian site in Tekirdag, Turkey; pushing the possible coinage date even further back. However, the coins in question have yet to be identified and authenticated by competent authority. Until such time as the 477+ coins from this site have been studied their actual age has yet to be verified. In 1519--more than 480 years ago--there was a silver mine at the foot of Mount Klinovec. The mine was in the town of Joachimstal or Jachymov. (Try to say that one!) The townspeople minted coins out of the silver from the mine. They named these early coins "Joachimstaler" after their town. To make it easier to say, they shortened the name to thaler. Read about the 15 different dollar coin versions in this sidebar Years later, the Dutch and Germans softened the word and changed it from thaler to daler. The English picked up the word as well. They changed it to its modern spelling, dollar. During this time, the U.S. colonies belonged to England. Each colony had its own money. Many used gold and silver coins, and other unique forms of money. The U.S. was the first nation to adopt an official currency, named the dollar. The first (paper) one-dollar bills appeared in 1785.