Macedonian Kingdom. Alexander I. 498-454 BC. Octodrachm, 28.78g. , c. 492-480/79 BC. Obv: Horseman wearing chlamys and petasos, holding two spears and leading horse. Rx: Quadripartite incuse square. Raymond pl. II, 6. SNG ANS 1. EF.
Ex Triton VIII, 11 January 2005, lot 129. Plate coin in Harlan J. Berk, 100 Greatest Ancient Coins, p. 15.
Alexander I was the founder of the Macedonian power. He managed to conquer large parts of the Chalcidian district, including the silver mines operated by the tribe of the Bisaltae. This is one of his earliest issues, the image pointing to the strength of the Macedonian army: a fine breed of horses and strong cavalrymen. The detail of the two spears is noteworthy; ancient sources attest that hunters and cavalrymen used to carry two spears, the second one in reserve in case the first throw missed.