At last some European gold that isn't on its way to China

Section:

Diver Finds 2,750-year-old Gold Coin in Bulgaria

From the Sofia Globe
Sofia, Bulgaria
Tuesday, September 9, 2014

http://sofiaglobe.com/2014/09/09/diver-finds-2750-year-old-gold-coin-in-...

A diver has found what is believed to be the oldest gold coin ever discovered in Bulgaria, Bulgarian news agency BTA reported on September 9. The coin was found in shallow waters near the resort town of Sozopol on Bulgarias Black Sea coast.

The diver saw the gleaming coin by accident, the report said, and passed it on to Bozhidar Dimitrov, a native of Sozopol and former diver himself who is now head of the National History Museum in Sofia.

... Dispatch continues below ...



ADVERTISEMENT

Jim Sinclair Plans Market Seminar in Nashville on September 20

Mining entrepreneur and gold advocate Jim Sinclair will hold his next market seminar on Saturday, September 20, in Nashville, Tennesse. For details about attending, please visit:

http://www.jsmineset.com/qa-session-tickets/



BTA quoted numismatist Vladimir Penchev from the National History Museum saying that the coin is not solid gold but made of electrum -- the naturally occurring alloy of gold and silver used to mint some of the earliest metal coins in history.

This particular coin appears to have been minted in the kingdom of Lydia in western Anatolya in the second half of the seventh century BCE, which puts the coin's age at more than 2,750 years, he said.

Sozopol was founded as a colony of the Greek city-state of Miletus in western Anatolia about 611 BCE -- first named Antheia but changing its name to Apollonia. Since Miletus was a neighbor of the kingdom of Lydia, it is no surprise that a Lydian coin has been found in the town's environs, but it is the first of its kind found in Bulgaria, according to Penchev.

The coin weighs 0.63 grams and has a denomination of 1/24 of a stater.

-----

A photograph of the coin is posted here:

http://sofiaglobe.com/2014/09/09/diver-finds-2750-year-old-gold-coin-in-...

* * *

Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16