The first coins which were used as currency dates back to the fifth / sixth century BC. They were made of an alloy of silver and gold, which is called electrum. These first coins were from modern-day Turkey. The coins didn’t have a specific shape or size, and a lion’s head were on the coins. After the creation of coins, the Chinese developed paper money, which was also used.
Before the use of coins to purchase items, livestock was used for currency. This meant that in order to purchase an item before coins, animals would be traded for the item. After coins, came paper money. Paper money was introduced in China in the 10th century, but was introduced into Europe in the 17th century and has evolved over the years into the money we use today.