FAQs for Egyptian Money Coins

Were the Egyptians the first people to use coins?

Sources for the study of the use of Egyptian money consist of temple documents, biographies and other archaeological data. Coinage began to be used by the Egyptians only from the Greco-Roman era. For the most part, the ancient Egyptians never conceptualized the use of money.

What is the Egyptian coins called?

Egypt’s official currency is the Egyptian pound (EGP). One Egyptian pound is made up of 100 piastres. The smallest denominations are 25 piastres and 50 piastres, both of which are available in coin or note form. Notes also come in the following denominations: 1, 5, 10, 20, 50, 100 and 200.

What were they ancient Egyptian coins called?

Ancient Egyptian Coins. The oldest Coins (Egyptian Coins) were Attic staters and tetradrachms having the name and types of Alexander. Modifications were soon introduced, but the weight at first remained unaltered. Presently, however, after a period of transition, during which Rhodian tetradrachms and smaller AR make a fitful appearance, the ...

Did they have coins in Egypt?

The first coins minted in Egypt are dated from approximately 360 BCE, under Pharaoh Teos. The coin was a direct copy of Greek coinage -- it even had the owl of Athena depicted on it -- and it was used to pay Greek mercenaries, who presumably insisted on payment in coins rather than loaves of bread.

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