In ancient times, coins made from gold and silver gradually replaced which commonly used means of exchange in commerce?

It was the Barter which was gradually replaced with coins made of gold and silver. In ancient times, before coins were made, people used the barter system in where they are exchanging goods to be able to get what they need without the use of money.
Barter simply means swap.
For example:
A person will give another person a bucket of fish in exchange of a sack of rice.
Prior to the creation of gold or silver coins, it was the barter system that ruled the life of our ancestors.

Answered by taskmasters | 2024-06-10

The barter system was replaced by money, or currency. The barter system was a system where goods were exchanged. Now days, we give money for goods. But in ancient times, they gave goods for other goods.

Answered by TSO | 2024-06-10

The barter system, where goods were exchanged directly without money, was gradually replaced by coins made from gold and silver. This transition occurred as societies recognized the limitations of bartering and began to use precious metals as a more efficient medium of exchange. The minting of coins standardized transactions and facilitated commerce across larger areas.
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Answered by taskmasters | 2024-12-24