For centuries incense, in specific Frankincense essential oil, has been praised in religious rituals for its antiseptic and healing properties. Frankincense was even more precious than gold. Like myrrh, the history of frankincense goes back 4,000 years. The ancient Egyptians used it as component in kyphi, a blend of frankincense, myrrh, honey, wine, broom, saffron, coriander, roses and berries.