_Of the Department of Coins, British Museum_ The coins of Asia from the earliest times may be conveniently reviewed in the following geographical and chronological sections: I. Ancient coins of Western and Central Asia (to the rise of Islam, excluding the majority of Greek and Roman coins which have no claim to be Asiatic); II. Mohammadan coins of Western and Central Asia; III. Coins of India (Hindu and Mohammadan); IV. Coins of the Far East; V. Coins struck by European nations for their Asiatic possessions. I.--ANCIENT COINS OF WESTERN AND CENTRAL ASIA _Origin of Coinage in Lydia._--According to Herodotus (I. 94) the Lydians were the first people to strike coins of gold and silver, while other writers attribute the invention of coinage to Pheidon, king of Argos, who struck coins in Aegina. The truth appears to be that gold, or rather electrum, was first coined in Lydia in the seventh century B.C., while silver was first minted in Aegina about the same time. The earliest Lydian coins are believed to have been issued in the time of Gyges, king of Lydia (687-652 B.C.). These are rude oval pieces of electrum, a natural mixture of gold and silver found locally, and are stamped on one side only (Plate I. 1). The uncertain value of this metal was found an embarrassment to commerce, and Croesus (561-546 B.C.), under whose rule Lydia became a great and wealthy power, introduced a coinage of pure gold and of pure silver, ten staters of silver being equal to one of gold (Plate I. 2, gold stater). _Persia._--When Cyrus conquered Lydia in 546 B.C., the Persians, who, like the Assyrians, had no coined money, became acquainted with the art of coinage. It is not certain when the Persians began to issue coins, but from the statement of Herodotus that Darius Hystaspis (521-486 B.C.) coined gold of the finest quality, and the probable etymology of "daric" from Darius, the beginning of the Achaemenid coinage is placed in his reign; it is most probable that it was at Sardes in Lydia that Darius first struck his coins, as there he would be most likely to find skilled artificers. The coins of the Persian empire were the _daric_ of gold about equal in value to the stater of Croesus (or rather more than an English sovereign in metal value) and the _siglos_ (_shekel_) of which twenty were the equivalent of a daric. The types were the same on each coin, viz., on the obverse, the Persian King in a half-kneeling position holding a bow in his left hand and a spear in his right, while the reverse still had no type but only a rough incuse caused in striking the coins (Plate I. 3, daric). These two coins remained the official coinage of the Persian empire till its fall. The conquered Greek cities were not allowed to strike gold, but the issue of silver and copper by them was not interfered with; in addition certain Persian satraps were allowed to issue silver coins bearing their own names.