Greco-Baktrian Kingdom, Demetrios II AR Tetradrachm. Circa 150-145 BC. Diademed and draped bust right / Athena standing facing, holding spear and shield set on ground; BAΣIEΛΩΣ to right, ΔHMHTPIOY and monogram to left. Bopearachchi 1E; SNG ANS 392 (same obv. die) = NFA, [CJAA?] Dec 14 1989, no. 755; HGC 12, 126; cf. Qunduz 36 for similar style obv. 16.95g, 33mm, 12h.
Mint State; likely the finest known tetradrachm of Demetrios II.
From the Oxus Collection (Denmark).
SNG ANS notes a doubt over no. 392, presumably on account of the unusual style; however the styles of the obverse dies produced for Demetrios II vary, with dies of similar style to the present example having been found in the Qunduz Hoard (cf. 35-38). The stylistic variations support the current scholarly hypothesis that Demetrios II ruled in the east of Baktria, and/or further south, in Paropamisadae and/or Arachosia, which is plausible given that no coins of his have been found in the ruins of Aï Khanoum; it is presently thought that Demetrios struck his coinage at a number of temporary mints. The present incontrovertibly authentic coin both vindicates the ANS (NFA) specimen and further supports the south/eastern hypothesis when the more 'provincial' style of engraving is considered. It is of unparalleled preservational state, making it in all likelihood the finest surviving coin of Demetrios II.