Today when we want to buy something, we pay with money, usually in the form of paper or coins, if we are paying cash. For much of the world, for much of history, however, money was not used as the basis for exchange, and what we think of as money, coins, were not used until the 7th century B.C.

Coins first were used by the Greeks, although metal in some form was used earlier in many other parts of the ancient world to purchase goods or services. The first coins were used in the Lydian kingdom, in the area of eastern Turkey, and soon spread to other parts of the Greek world, then beyond to other cultures and realms.

Coins were usually made by placing a piece of metal of the right type or weight between two dies which had been carved with the appropriate likenesses, symbols, and inscriptions. The dies were struck with a sledge-hammer to create an impression on both sides of the metal. Images found on coins could include the heads of rulers, symbols of cities, and inscriptions, or, in earlier times, simple geometric shapes.

Greek and Roman coins

Below are examples of Greek and Roman coins in the University of Southern California Archaeological Research Collection. The first two are coins produced under Alexander the Great between 332-321 B.C. The third coin was made under the Emperor Vespasian, who ruled the Roman Empire from A.D. 69-79.

Photographs by West Semitic Research. Courtesy USC Archaeological Research Collection.

Alexander III Coin: Macedon Tetradrachma

Obverse: Head of Herakles facing right, wearing lionskin headdress. Reverse: Zeus seated facing left, right leg drawn back, holding eagle and sceptre. The name of Alexander appears on the right.

Two sides of a Greek silver coin, illustration for article.

Alexander III, the Great, Drachma: Macedon c. 325 BCE

Obverse: Head of Herakles facing right, wearing lionskin headdress. Reverse: Zeus seated facing left, right leg drawn back, holding eagle and sceptre. The name of Alexander appears on the right.

Two sides of a Greek silver coin, illustration for article.

Caesar Vespasian Coin, Judea Capta

Obverse: head of Vespasian facing right with inscription. Reverse: palm tree in center with two bunches of dates, Vespasian (on left), standing facing right in military dress, and Jewess (on right), seated facing right, right arm on knee, left hand propping head in attitude of mourning.

Two sides of a Roman coin, illustration.

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