The gold coins were first introduced between 643-630 BC by the Lydian King Croesus. At that time, the people used electrum, a pale yellow mixture of silver and gold that occurs naturally in the Lydia. People at that time still do not know how to separate gold and silver so the first gold coin was actually a mixture of silver and gold.

Around 560 B.C., the people of Lydia learned how to separate gold from silver thus they the first real gold coins came into being. While manufacturing gold coins, the Lydians also started to produce silver coins. The silver coins are considered of lesser value than the gold coins so most of rich people in the kingdom used the golden coins while the working class mostly used silver.

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