|Heritage World Coin Auctions > CSNS Signature Sale 3099||Auction date: 5 May 2022|
|Lot number: 30079|
Price realized: 19,000 USD (Approx. 18,037 EUR) Note: Prices do not include buyer's fees.
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PTOLEMAIC EGYPT. Ptolemy III Euergetes (246-222 BC). AV mnaieion or octodrachm (27mm, 27.91 gm, 12h). NGC Choice XF 5/5 - 4/5, Fine Style. Posthumous issue of Alexandria, under Ptolemy IV, ca. 219-217 BC. Bust of deified Ptolemy III right, wearing radiate diadem and aegis, ornate trident over left shoulder, the central tine ornamented with lotus finial; dotted border / ΠTOΛEMAIOY-BAΣIΛEΩΣ, cornucopia bound with radiate royal diadem, containing grain ear, pyramidal cake and pomegranate, grape cluster hanging from left side of rim; ΔI below, dotted border. CPE 888. Svoronos 1117. Solidly struck from fine style dies, the obverse in high relief.
No other kingdom or empire in the ancient world at the time could produce such large gold coins, and this display of economic clout drew thousands of mercenary soldiers into Egypt's service. This large and powerful army was put to maximum use by the third king of the Ptolemaic dynasty, Ptolemy III Euergetes. Shortly after inheriting the throne of the Pharaohs, he launched a massive invasion of the neighboring Seleucid Kingdom of Syria. Easily crushing all resistance, he even reached Babylon, where he proclaimed himself King of Kings. Ptolemy III's powerful portrait appears on gold mnaieions struck by his son, Ptolemy IV Philopator, who succeeded him in 221 BC.
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Estimate: 15000-25000 USD