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Auction 26  21 May 2023
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Lot 257

Estimate: 650 CHF
Price realized: 2000 CHF
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MACEDON. "Stagira". Circa 520-489 BC. Diobol (Silver, 11 mm, 1.25 g). At the center, large pellet within a circle; around, to left, right and below, rose; above, horse protome to left. Rev. Floral ornament with twelve petals or leaves; all within an incuse square. HPM, p. 233, 15 (but heavier) and pl. XVI, 39 (stater). Traité II, 1, 1853 (triobol). For examples of the same weight, see: M&M 73, 1988, 78 = M&M FPL 603, Christmas 1998, 22; M&M DE 9, 2001, 119; and NAC 126, 2021, 73 = Tkalec 2011, 15 (all three from the same dies). Very rare. Well-struck and toned. Obverse struck off-center, otherwise, about extremely fine.
From the "Collection sans Pareille" of Ancient Greek Fractions.

This coin is attributed to "Stagira" because that mint had an extensive series of "rose" coins - staters and fractions - that utilised a boar, or the forepart of a boar, as a mint signature. It is, however, most unlikely that this coin was struck by Stagira; the horse forepart symbol must indicate a different striking authority, especially since there are others with a ram's head, a lion's head, two dolphins or a bearded male head. What we probably have is a league of neighbouring cities striking a common coinage, with the differing symbols acting as city badges. While it might be suggested that all the coins were struck at a common mint, the differing styles of the roses makes it certain that they were all struck at separate mints.
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