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The History Of Gold Coins And Understanding Gold Coin Values - By: Cindy Heller, 2008-12-13 According to history, King Croesus of Lydia was the one who introduced gold coins around 643-630 B.C. A pale yellow mixture of gold and silver called the electrum was a natural resource in Lydia. As people did not know how to separate these two metals, the first gold coins were a mixture of gold and silver. COMMENTS Add a comment |