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Exceptions to the rule of face value being higher than content value currently occur for bullion coins made of copper , silver , or gold and rarely other metals, such as platinum or palladium , intended for collectors or investors in precious metals. Other early portraits can be seen on the coins of Lycian dynasts. Cyrus the Great introduced coins to the Persian Empire after BC, following his conquest of Lydia and the defeat of its king Croesus , who had put in place the first coinage in history. Many early Lydian and Greek coins were minted under the authority of private individuals and are thus more akin to tokens or badges than to modern coins, [20] though due to their numbers it is evident that some were official state issues.
