Panchronia

Gold and silver coins of Croesus

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c. 550 BC · Sardis · Middle East · Science

Pure gold and silver replace electrum — the first coin standard

Gold and silver coins of Croesus
CNG Coins · CC BY-SA 3.0 · Wikimedia Commons

King Croesus of Lydia began striking coins of pure gold and silver at Sardis instead of earlier electrum pieces. They are regarded as the world's first standardised gold and silver coinage.

State: Lydia

Meanwhile around the world (±25 years)

Asia

Alive at the time