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Roma Numismatics Ltd
Auction XXIII  24-25 Mar 2022
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Lot 291

Estimate: 10 000 GBP
Price realized: 6500 GBP
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Mysia, Lampsakos EL Stater. Circa 480-450 BC. Forepart of Pegasos with curved wings to left; vine with bunches of grapes around / Quadripartite incuse square. Baldwin, Period I, Group II, 12; SNG BnF 1111; BMC 9; SNG von Aulock 1292 var. (monogram below Pegasos); Traité pl. 8, 2; Boston MFA 1582. 15.15g, 19mm.

Near Extremely Fine, struck on a broad flan. Rare.

Ex A. Tkalec AG, 9 May 2011, lot 56.

Lampsakos was founded in around 654/3 BC by Phokaian colonists, and in the sixth century became a dependency of Lydia; when the Lampsakenes had captured Miltiades, the Athenian tyrant of the Chersonesos, they were forced by Kroisos to set him free. After the fall of the Lydian kingdom in 547, the city then fell under the dominion of Persia. Lampsakos joined the Ionian cities in revolt in 499, but was conquered by Daurises in 498 or 497, and thereafter remained under Persian control until it was given by Artaxerxes to the exiled Athenian general Themistokles as part of the governorship of the Magnesian district. Themistokles' district also included the cities of Myos, and Magnesia itself, who along with Lampsakos paid him revenue of 50 talents per year, for 'meat', 'bread' and 'wine' respectively. At an uncertain date after the death of Themistokles in 459, Lampsakos joined the Delian League, and is recorded in the tribute lists from 453/2, paying a phoros of fifteen talents.

The dating of this issue has long proven to be difficult, with earlier scholars having attributed it to as far back as 525-500, though this has been shown to be unlikely, not least on account of the style being of a more dynamic and baroque nature than the rather static designs of the Archaic period. At the time Baldwin published her study of the electrum coinage of Lampsakos in 1914, she knew of just fourteen varieties encompassing approximately forty specimens of all of Lampsakene electrum. As for coins from the first period under which this coin falls, she knew of just thirteen specimens. Of course while additional specimens have appeared over the past century, this coin is still a rarity.

The style is much more refined than the earliest issues of the period, and while it is tempting to perceive the Pegasos motif as one symbolising freedom, and thus try to place this as a product of the Ionian revolt, the general modern consensus is that the issue should belong to the period of 480-450. This being the case, it should reasonably be viewed within the context of Themistokles' control of the city - under his control, Lampsakos was required to pay tribute, for which purpose a substantial issue of coinage was necessary. The subsequent issue has the same types and is also of a highly refined engraving style, but shows the letter Ξ below the winged horse of the obverse, thus tying it to the Athenian Coinage Decree and the banning of the use of non-Athenian silver soon after 450 BC.
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