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Roma Numismatics Ltd
Auction XV  5 Apr 2018
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Lot 99

Estimate: 25 000 GBP
Price realized: 24 000 GBP
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Attica, Athens AR Drachm. Circa 500-490 BC. Head of Athena right, wearing earring and crested Attic helmet ornamented with beaded decorations on crest holder and spiral on bowl / Owl standing to right with head facing, olive branch behind, ΑΘΕ before; all within incuse square. Svoronos pl. 7, 23; cf. Seltman pl. XXII, υ; Gorny & Mosch 232, 207 (same dies). 4.27g, 16mm, 10h.

Good Extremely Fine; attractive old cabinet tone. Very Rare; a marvellous example of this extremely desirable type.

Privately purchased from Gorny & Mosch.

Athens was one of the few Greek cities with significant silver deposits in their immediate territory, a remarkable stroke of fortune upon which Xenophon reflected: 'The Divine Bounty has bestowed upon us inexhaustible mines of silver, and advantages which we enjoy above all our neighbouring cities, who never yet could discover one vein of silver ore in all their dominions.' The mines at Laurion had been worked since the bronze age, but it would be only later in 483 that a massive new vein of ore would be discovered that enabled Athens to finance grand new schemes such as the construction of a fleet of 200 triremes, a fleet that would later prove decisive in defending Greece at the Battle of Salamis.

This coin was produced in the period before the discovery of the new deposits at Laurion, around the time of the Ionian Revolt and the subsequent first Persian invasion of Greece. Athens aided the Ionian Greeks in their rebellion against Persian tyranny with both coin and soldiers, participating in the 498 BC march on Sardes which resulted in the capture and sack of that city – the only significant offensive action taken by the Ionians, who were pushed back onto the defensive and eventually subjugated once more. Vowing to punish Athens for their support of the doomed rebellion, the Persian king Darius launched an invasion of Greece, landing at Marathon in 490 BC. Just twenty five miles from Athens, a vastly outnumbered Athenian hoplite army inflicted a crushing defeat on the Persians, who after suffering horrendous casualties turned to their ships and fled.
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