Classical Numismatic Group > Auction 126Auction date: 28 May 2024
Lot number: 509

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


EGYPT, Alexandria. Augustus. 27 BC-AD 14. Æ Diobol – 80 Drachmai (27mm, 19.33 g, 11h). First series, struck circa 30-28 BC. Bare head right / Eagle standing left on thunderbolt; cornucopia to left, Π (mark of value) to right. Köln 1; Dattari (Savio) 2; K&G 2.5; RPC I 5001; Emmett 1. Dark brown patina with light earthen highlights. Good VF. Rare, one of the finest known specimens.

The first coinage of the new province of Egypt was a direct copy of the bronze coinage of Cleopatra, the last Ptolemaic ruler, with the portrait of Augustus replacing the Queen's. Egypt, wealthy and a vital source of grain for the empire, was to be never allowed again as a potential leaping-off point for a rival emperor. The new province was held under tight control by the emperor. Its governor was to be an equestrian prefect answerable to Augustus, with a legion under his direct command. The Senate would have no say in the administration of the province, and in fact, senators were forbidden to travel there without permission.

Estimate: 750 USD