PHOENICIA. Marathos. Circa 220-180 BC. Drachm (Silver, 20 mm, 4.39 g, 12 h), struck in the name of Alexander III. Head of Athena to right, wearing crested and unadorned Corinthian helmet. Rev. ΑΛΕΞΑΝΔΡΟΥ Nike standing left with her wings spread, holding laurel wreath in her right hand and stylis in her left; to left, monogram of MAP. Duyrat, Ateliers 54. Extremely rare and toned. Good very fine.
This rather extraordinary coin was struck by the Phoenician city of Marathos (the monogram identifies the city) in the 220s BC, but in the name of Alexander III and with the types of his gold staters. The reasons behind this exceptional issue are unknown but it must have been very short-lived since it is extremely rare today.