Why does Electrum exist?

Electrum is believed to have played a significant role in the history of coinage. It is thought to have been utilized in coins dating back to around 600 BC. This was during the reign of Alyattes in Lydia, an ancient kingdom located in western Anatolia.

The adoption of Electrum for coinage was due to its superior physical properties compared to gold. Electrum was a harder and more durable material, making it better suited for minting coins. This ensured that coins made from Electrum would retain their shape and value over time.

Another factor that contributed to the popularity of Electrum was the limited refining techniques available for gold at that time. Refining gold to a high purity was a difficult and costly process, which made it less feasible for widespread use in coinage.

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