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All Forums Category: General Numismatic Forums Forum: Main Coin Forum

World's Oldest Coin Is Shrouded In Mystery

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johnker
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 Posted 07/01/2014  5:13 pm Show Profile   Bookmark this topic Add johnker to your friends list Get a Link to this Message Number of Subscribers
One of the world's oldest coins was recently sold in Germany. The price? Over $380,000. Issued between 600 and 625 B.C., this coin is unique because of the stamp of Phanes. The exact identity of Phanes remains unknown. And perhaps it's the not knowing that makes this ancient coin so valuable.

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Sap
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 Posted 07/01/2014  5:34 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I believe they are valuable, not necessarily because of the name "Phanes" itself, but rather because they are the oldest coins made anywhere with anybody's name or title on it.

By "recently", they really mean "a month ago". Here's the auction details. Bidding started at 90,000 euro, went past the 150,000 euro estimate and finished at 280,000 euro.
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AlabamaDan
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 Posted 07/02/2014  5:18 pm  Show Profile   Bookmark this reply Add AlabamaDan to your friends list Get a Link to this Reply
That's a really cool story. Something like that should be. In the Smithsonian. That's one reason I am beginning to like some Roman coins. Imagine a coin in circulation during Jesus's lifetime.
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