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The gold stater (Egyptian: nfr-nb, "Nefer-nub", meaning "fine gold") was the first coin ever minted in ancient Egypt, around 360 BCE during the reign of pharaoh Teos of the 30th Dynasty.
Contents
Under Teos
Teos introduced the gold stater in order to pay salaries of Greek mercenaries who were at his service.
Under Nectanebo II
Teos' successor Nectanebo II kept this practice, though coining his personal gold staters.
References
Egyptian gold stater Wikipedia(Text) CC BY-SA