Question

What precious metals were the first coins made out of?

Answer 1

The first coins were made out of precious metals such as gold, silver, and bronze. These metals were chosen because of their rarity, durability, and value. The use of precious metals for coins helped establish their worth and facilitated trade and commerce.

Answer 2

The first coins were made of electrum, a natural alloy of gold and silver found in Lydia (modern-day Turkey) around the 7th century BCE. Electrum was later replaced by gold and silver coins, which were introduced by various civilizations including the Greeks and Romans.