Watch List notes:

JDL Collection Part II: Geek Coins
ASIA. MYSIA.

LAMPSACUS, Stater c. 360–340,

Persic standard, AV 8.47 g.
Obv. Laureate and bearded head of Zeus left, lotus-tipped sceptre on right shoulder.
Rev. Forepart of Pegasus flying right, within a shallow incuse square.
Literature
Traité II/2, 2537, pl. CLXXI, 3
BMC Mysia 81, 28, pl. XIX, 6
SNG von Aulock 7394 SNG Lockett 2709
A. Baldwin, "Lampsakos. The Gold Staters, Silver and Bronze Coinages", AJN 53/3, 1924, 29w, pl. III, 4 (this coin)
Pozzi 2228
M.-M. Bendenoun, Coins of the Ancient World, A portrait of the JDL Collection, Tradart, Genève, 2009, 23 (this coin)
Condition
Rare. A fantastic portrait of wonderful style and a lovely reddish tone, minor area of weakness on obverse, otherwise extremely fine.

Provenance
Monnaies et Médailles AG 68, Basel 1986, 271
Brüder Egger, Wien, January 1908, 539. Former Chattowskoy collection.
One remarkable feature of the electrum and gold coinages of Asia Minor struck during the Archaic and Classical periods is the great variety of obverse types and, with the notable exception of the hectai of Mytilene, the consistency of the
reverses. At Cyzicus, Phocaea and Lampsacus, obverse types were constantly shifting with little or no change to the reverse. The fact that the reverse type at Cyzicus and Phocaea was an incuse punch instead of a fully realized type is immaterial since the net effect was that it provided a consistency of appearance.
At Lampsacus the invariable reverse was the protome of a winged horse, which perhaps represented the mythological creature Pegasus. This recurring design served as a badge for the city in the same way the tunny fish was identified with Cyzicus and the seal with Phocaea. Indeed, these symbols
were so well recognized that at none of these three mints were inscriptions thought necessary to identify their electrum or gold coinages, despite their liberal use of inscriptions on silver and base metal coins.
In her masterful study of 1924, Brett documents 41 issues of gold staters at Lampsacus that would seem to have been issued over a period of 50 or 60 years. Most civic gold coinages
of the Greeks tended to be struck only periodically, and in response to crises. However, before the arrival of Alexander III Lampsacus appears to have had sufficient economic reason to issue a consistent and regular gold coinage.