Gold and silver quickly became the preferred metals for nations seeking to create currency. Because of their malleability and low melting point, they were perfect for forging into coins. The unique color and shine of gold, combined with the fact that it does not tarnish, gave it a distinct advantage over other metals, and the rarity instilled confidence because people could have faith that it would retain its value because the difficulty in mining gold meant no one could try to devalue the metal as a currency. For thousands of years, society's perception of gold's value has been gradually imprinted. The centrality of gold in the creation of the world's first coinage gave it a long-lasting function, with the metal serving as the backbone of the world's currency exchanges until only 50 years ago. Early payment systems necessitated the use of physical units that could be traded between dealers and merchants, and precious metals were ideal for the purpose. This meant that items could be transferred without the requirement for rapid delivery, and that they served as a mutually recognized unit of exchange that was directly comparable on a like-for-like basis.
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