Here is a brief history of other ancient coins. Historically, the Lydian people were known to be commercial and savvy and may have been the first merchants. He created the NE Shilling (New England Shilling) first, followed by the Willow Tree and Oak Tree coins. While the exact dollar amount of the sale has not been revealed, the current rise in precious metals prices could possibly have had a substantial impact on the coin's value. There could be earlier bronzes from elsewhere but I haven't really looked for the oldest bronze. Metal detectorists Reg Mead, left, and Richard Miles, right, who found the Celtic coin hoard at the excavation site. It sat on a shelf at a museum for 10 years before anyone realized the importance of their find. Created over 2,700 years ago, but now located in the British Museum, is the Lydian Lion, the oldest coin in the world. A Guide Book of United States Coins also known as "The Red Book", which is published annually. When you consider that this coin has been around for more than 670 years, it is a wonder that any have survived. Then when the Lydian king, Alyattes, wanted to control the bullion currency, he probably declared that only currency with his roaring lion mark could be used. Rarity and Value. Second London Fix price is updated each business day at 10.45 am EST. The period of time is significant to the Ionian Stater's value because striated coins quickly stopped being made. Generally, gold Roman coins are worth more than their weight in gold. There is still plenty of mystery revolving around the history of the Lydian Lion coin. It is the age of this coin that makes it as valuable as it is and is why someone was willing to pay $6.8 million for one at auction. Another coin that can be put into consideration for the oldest coin is Aegina Chelone coins minted ca. For information about specific coin types, click a link below or see FAQ About Coins. After a long legal battle, the coin was sold at an auction on July 30, 2002, for $7,590,000. There is no certainty of the value or even the purpose of the oldest coin in the world. Get the latest in precious metals industry news featuring updates and announcements from Metallix. The first structures in the sanctuary, buried deep under the later temples, date back to the eighth century BCE, and from that time on precious objects were used in the cult or dedicated to the goddess by her worshippers. Events are combining to increase the value of all old coins. The oldest bronze coin in my collection is 5th century BCE (Syracuse AE tetras, 2nd Democracy, c. 425 BCE). 1943 LINCOLN HEAD COPPER PENNY. ^ Extremely rare gold Brasher doubloon minted in 1787 fetches $7.4 million. Collecting Old Coins for Value and Enjoyment The history of old rare coins and currency is vast and important. (Image Source), Home » Resources » The Oldest Coin in the World. A common Silver Roman coin in decent condition is valued at $35 even though the Roman coin is more than 15 times older than the Morgan Dollar. Bucki estimates that a 1992 Close AM coin in fairly new condition could be worth about $20,000, while a used one could sell for around $2,000 to $3,000. First Mint in the Americas: In 1536, the Mexico City mint began to produce the Spanish Reales coins. The Capped Head Half Eagle on the coin was designed by John Reich. "This remarkable coin represents the beginning of money and commerce as we know it today," Denby explained. According to a statement by President of Austin Rare Coins, Ryan Denby, the coin has unprecedented historical and financial value. 44 BC: the silver denarius Roman Republic coin dating from 211BC was found during an excavation in 2000 Hallaton! Specific coin types, click a link below or see FAQ about.. Except for a few that were stolen by a rare coin company Austin... 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