Savoca Numismatik GmbH & Co. KG > Online Auction 203 | SilverAuction date: 24 March 2024
Lot number: 236

Price realized: 600 EUR   (Approx. 652 USD)   Note: Prices do not include buyer's fees.
Lot description:


Egypt. Pharaonic Kings of Egypt. Uncertain Pharaoh circa 400-350 BC. Time of the 28th-30th Dynasties, Imitating Athens
Tetradrachm AR

23 mm, 16,62 g

Head of Athena right, wearing crested Attic helmet decorated with three olive leaves over visor and a spiral palmette on the bowl / AΘE, owl standing right, head facing; olive sprig and crescent behind; all within incuse square.


Prior to the introduction of Macedonian issues beginning in the late fourth century BC, Egypt relied upon the use of imitations of Athenian tetradrachms for its international transactions. Although its presence as a major power in the eastern Mediterranean extended over two millennia, Egypt had never struck its own currency, relying instead on payment-in-kind and specie payments. By the end of the sixth century BC, the presence of Greek traders drastically altered this arrangement. Beginning with the establishment of Naukratis in the Delta, Greek coin-types, along with a steady supply of silver, flowed into Lower Egypt. There some of this material was melted and re-struck into into more localized imitative types, which then circulated into Phoenicia and points eastward. One is the 1989 Syria Hoard, containing numerous examples of these imitative types, as well as examples from the final period of Egypt as a Persian satrapy. Although the Persian Empire already had a long and well-established monetary system, these imitative Athenian tetrdrachms circulated in areas in which they were already a recognized and accepted currency, allowing the satrapy of Egypt to continue its trade in those areas unimpeded.

For a more detailed discussion of Athenian imitations in Egypt, see P. van Alfen, "Owls From the 1989 Syria Hoard," AJN Second Series, 14 (2002), pp. 1-58.

Hints of doubling, Near Extremely Fine.

Cf. Flament style X; Cf. Van Alfen pl. 11.

Before the late fourth century BC, when Macedonian currency began to be introduced, Egypt primarily engaged in international transactions using imitations of Athenian tetradrachms, despite its longstanding prominence as a dominant force in the Eastern Mediterranean over a span of two millennia. Historically, Egypt had not minted its own coins, instead depending on barter systems and payments in bullion.

However, the advent of Greek commerce profoundly transformed this traditional economic framework towards the end of the sixth century BC. With the founding of Naukratis in the Nile Delta, an influx of Greek coin designs and a consistent stream of silver began to permeate Lower Egypt. There, significant quantities of this influx were reforged into localized imitative variants, subsequently permeating markets as far as Phoenicia and beyond.

A notable discovery underscoring this phenomenon is the 1989 Syria Hoard, which comprises numerous specimens of these imitative coins, alongside pieces dating back to Egypt's tenure as a Persian satrapy. Despite the Persian Empire's extensive and established coinage system, these mimetic Athenian tetradrachms found utility and acceptance in regions where their value was already established, thereby facilitating uninterrupted trade activities for the Egyptian satrapy within these zones



Starting price: 500 EUR

Match 1:
Savoca Numismatik GmbH & Co. KG > Online Auction 198 | SilverAuction date: 25 February 2024
Lot number: 39

Price realized: 260 EUR   (Approx. 281 USD)   Note: Prices do not include buyer's fees.
Lot description:


Attica. Athens circa 350-294 BC.
Tetradrachm AR

23 mm, 16,63 g

Head of Athena to right, with profile eye, wearing crested Attic helmet with palmette and three olive leaves / ΑΘΕ, owl standing right, head facing; behind, olive spray and crescent moon.

Very Fine

HGC 4, 1598; Kroll 15; SNG Copenhagen 63.





Starting price: 50 EUR

Match 2:
Astarte S.A. > Web Auction 2Auction date: 9 December 2023
Lot number: 49

Price realized: 850 CHF   (Approx. 966 USD / 897 EUR)   Note: Prices do not include buyer's fees.
Lot description:


ATTICA. Athens. Circa 465/2-454 BC. Tetradrachm (Silver, 23.60, 14.29 g) Head of Athena right, wearing crested Attic helmet, decorated with palmette, and earring. Rev. AΘE vertical to right. Owl with closed wings standing right, head facing; olive branch to left and crescent, all within incuse square. Kroll 8; HGC 4, 1596; Starr pl. XXII, 1-3; Kraay & Hirmer 360-1. Attractive late "archaic" style, old cabinet toning. Nearly Extremely Fine.
From a European collection formed prior to 2005.

Starting price: 500 CHF

Match 3:
Nomos AG > Auction 33Auction date: 9 June 2024
Lot number: 1412

Price realized: This lot is for sale in an upcoming auction - Bid on this lot
Lot description:


The Jonathan H. Kagan Collection of Ancient Greek Coins

DYNASTS OF LYCIA. Uncertain dynast, circa 400-350 BC. Stater (Silver, 23 mm, 8.37 g, 7 h). Head of Athena to right, wearing crested Attic helmet with three olive leaves above the visor. Rev. Draped bust of Athena facing, wearing triple-crested Attic helmet; below, diskeles; all in a dotted border within a shallow incuse circle. SNG Copenhagen Supp. 489. Traité II, 2, 413b (illustrated with a line drawing in the text). A very rare issue in exemplary condition and beautifully toned. Somewhat porous and struck from a worn obverse die as usual, otherwise, about extremely fine.

From the Collection of Jonathan H. Kagan.

Starting price: 2000 CHF

Match 4:
Numismatica Ars Classica > Auction 146Auction date: 8 May 2024
Lot number: 2047

Price realized: 5,000 CHF   (Approx. 5,506 USD / 5,122 EUR)   Note: Prices do not include buyer's fees.
Lot description:


Thurium.
Nomos circa 443-400, AR 21 mm, 7.97 g. Head of Athena r., wearing Attic helmet decorated with a wreath; above visor, Φ. Rev. ΘΟΥΡΙΩΝ Bull walking l. on double exergual line; between its legs, bird l. In exergue, fish l. SNG Ashmolean 899. SNG ANS 948. Kraay-Hirmer 251 (this reverse die). Historia Numorum Italy 1772.
Rare. A portrait of masterly style and a magnificent old cabinet tone. Minor area of
weakness on obverse, otherwise about extremely fine / extremely fine

From the collection of a Mentor.

Estimate: 5000 CHF

Match 5:
Naville Numismatics Ltd. > Auction 87Auction date: 11 February 2024
Lot number: 167

Price realized: 80 GBP   (Approx. 101 USD / 94 EUR)   Note: Prices do not include buyer's fees.
Lot description:


Attica, Athens Drachm After 449, AR 18.00 mm., 4.12 g.
Head of Athena r., wearing crested Attic helmet with three olive leaves over visor and spiral palmette on bowl. Rev. Owl, with closed wings, standing r. with head facing; in upper l. field, olive twig with two leaves and one berry; all within incuse square. Kroll 10. SNG Copenhagen 41.

Very fine

Starting price: 40 GBP