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Classical Numismatic Group, LLC
Electronic Auction 523  7 Sep 2022
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Lot 139

Estimate: 500 USD
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ATTICA, Athens. Circa 364-362 BC. Æ Token (11mm, 1.46 g, 10h). Helmeted head of Athena left / Owl standing facing on barley grain; two pellets (mark of value) flanking; all within hanging olive branches. Sheedy, Emergency, Fig. 3; Kroll 35; HGC 4, –. In NGC encapsulation 6156413-002, graded VF. Strike: 5/5, Surface: 2/5. Rare.

Ex Classical Numismatic Group Electronic Auction 492 (26 May 2021), lot 160.

This issue has been identified as that struck by the Athenian commander Timotheos during his siege of Olynthos, as noted in Oikonomika 2.23.1. Timotheos ran out of official coinage and struck this bronze issue to provide his troops with money to buy rations, promising to redeem them later in silver. Sheedy notes that these are not actually coins, but tokens modelled on the Athenian symbola, as he lacked the authority to strike coinage from the Athenian assembly.
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