N. K.

RUTTER

GREEK COINAGE

SHIRE ARCHAEOLOGY
 Cover photograph
Facing head of Apollo on a tetradrachm of Katane,
Sicily, c 405 BC.
(Photograph: Hunterian Museum.)
Maps by D. A. Darton. Fig. 2 drawn
by David J. Eveleigh.

Published by
SHIRE PUBLICATIONS LTD
Cromwell House, Church Street, Princes Risborough,
Aylesbury, Bucks, HP17 9AJ, UK.
Series Editor: James Dyer

Copyright N. K. Rutter, 1983.

@

All rights reserved.

No part of this publication may be reproduced or transmitted in any form or by any means,
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retrieval system, without permiss~onin writing from the publishers.
ISBN 0 85263 635 0
First published 1983
Set in 11 on 11 point Times roman and printed in Great Britain by C . I. Thomas & Sons
(Haverfordwest) Ltd, Press Buildings, Merlins Bridge, Haverfordwest.
 Contents
LIST OF ILLUSTRATIONS 4
PREFACE 5
1. INTRODUCTION 6
2. THE INVENTION OF COINAGE 8
3. THE CHARACTER OF GREEK COINAGE 13
4. COINS OF THE CITY-STATES: SOUTH ITALY AND
SICILY 18
5. COINAGE IN CLASSICAL ATHENS 31
6. COINS OF THE HELLENISTIC KINGDOMS 36
7. MUSEUMS 52
8. FURTHER READING 54
INDEX OF TYPES 55
GENERAL INDEX 56
 List of illustrations
late 1. Early coinage page 11
late 2. Coin types page 17
late
late 1
3. Coins of Italy 1 page 21
4. Coins of Italy 2 page 23
late
late
ate
i1
5. Coins of Sicily 1 page 25
6. Coins of Sicily 2 page 27
7. Coins of Sicily (3) page 29
late 8. Coins of Athens page 33
ate 9. Coins of Philip I1 page 39
ate 10. Coins of Alexander 111, Antigonus and Lysimachus
page 41
ate 11. Coins of the Antigonids page 43
late 12. Coins of Syria, Parthia and Bactria page 45
ate 13. Coins of Pergamum and Syria page 47
ate 14. Coins of the Ptolemies
ate 15. Coins of the Ptolemies
Fig. 1. Greece and western Asia Minor page 9
Fig. 2. Striking a coin page 14
Fig. 3. South Italy and Sicily page 19
Fig. 4. The Hellenistic kingdoms page 37
The coins illustrated in plates 1-15 are all reproduced actual
size.
 Preface
Most of the technical terms used in this book are explained when
they first appear in the text. Table 1 on page 32 explains the
various permutations of drachms. The captions to the plates
include a basic minimum of information: issuing authority and
date, metal and denomination, brief descriptions of types. All
dates are BC.
It is a particular pleasure to acknowledge the encouragement
and advice of friends and colleagues in the preparation of the text
and plates. The coins illustrated on plate 1, numbers 1-3, and on
plate 8, numbers 1-10, are from the collection of the Ashmolean
Museum, Oxford, and, in one case, from the British Museum,
and I thank D r Daphne Nash and D r Martin Price for arranging
for them to be photographed. All the other coins illustrated are
from the Hunter Coin Cabinet, housed in the Hunterian
Museum, University of Glasgow; references in the captions are to
Sir George MacDonald's Catalogue of Greek Coins in the
Hunterian Collection (three volumes), 1899-1905. My warmest
thanks are due to D r Dona1 Bateson, keeper of the Hunter
Cabinet, for his unstinting help at every stage of this project.
In 1783 William Hunter bequeathed his cabinet of coins to the
University of Glasgow. Hunter made his bequest because he
believed that it would most likelv lead to the use of his collection
'for the improvement of knowlebge7.The following pages aim to
make a modest contribution to the fulfilment of Hunter's wishes.
Department of Greek, University of Edinburgh
 Introduction
The scope of Greek coinage is very wide, both geographically and
chronologically. From 1000 onwards the Greek mainland was the
base for several waves of emigration to many parts of the coasts
of the Mediterranean and Black seas. In the west, Greeks settled
in Spain and southern France and founded many prosperous
cities in Sicily and southern Italy. In the east and north-east, the
Aegean and Black seas were particularly thickly settled. In Libya,
the city of Cyrene became a flourishing centre of Greek
influence. In all these areas, when coins began to be issued, they
were issued by Greek cities and for Greeks. Various neighbours
of the Greeks, such as the Carthaginians in north Africa and
Sicily, the Etruscans in Italy and the Persians in their provinces in
western Asia, were deeply influenced by many of the material
aspects of Greek culture, and among the practices they adopted
from the Greeks, at various times, was that of minting coins. Such
coins often bear images and inscriptions appropriate to the
peoples by whom they were minted, but their general appearance
was modelled on that of Greek coins, and they are usually
included, in catalogues and other works, in the section devoted to
Greek coins. A final large extension of the area of Greek coinage
resulted from the campaigns of Alexander I11 of Macedon
(Alexander the Great). By the time he died at Babylon in 323, his
armies had helped to introduce elements of Greek culture to vast
areas of what we now call the Middle East. After his death his
generals fought over his inheritance, and several were to become
kings in their own right, for example in Egypt, Syria and the
Middle East, and Macedonia. Later still, other kingdoms were
carved out of Alexander's legacy, for example those based on
Pergamum, in north-western Anatolia, or Bactria, now divided
between southern Russia and northern Afghanistan. The Greek
rulers of most of the known kingdoms issued coins, as from time
to time did many individual cities in their territories.
Thus Greek coinage is a very wide field of study, embracing
most of the non-Roman coinage of the ancient world struck
between the Straits of Gibraltar and north-west India. An
introductory book must select, but its central concern must be the
coins themselves, their visual impact and the images they present.
To contemplate a collection of Greek coins is to contemplate the
variety, and at the same time the essential unity, of the Greek
Introduction 7
world. But there is also much interest in technical matters such as
the methods used to make coins, and in the question of how coins
were used in the Greek world. The following pages aim to unite
these three strands of interest: the nature of the coins themselves,
the description of what is represented on them, and the problems
of function and use. The first two chapters describe the beginning
of coinage and outline the essential characteristics of a Greek
coin. Chapter 3 presents a representative selection of coins from a
self-contained area of the Greek world, the city-states of south
Italy and Sicily, and chapter 4 discusses the use of coins in one
city-state, Athens. Finally, chapter 5 presents coins of Philip I1 of
Macedon, his son Alexander the Great, and their successors in
the Hellenistic kingdoms.
 The invention of coinage
Nowadays we are so used to making everyday purchases with
coins that it is difficult to imagine how we could do without such
an apparently necessary means of survival. Yet it was not always
so: the production and use of coined money was a comparatively
late development in the long history of exchanges made through
the medium of a variety of objects and materials, including
precious metals.
The ancient civilisations of Mesopotamia and Egypt, and of the
Aegean basin too, provide examples of the use of metals as an
article of trade or as a measure of value. Metals figure also among
the variety of media of exchange referred to in cuneiform texts
from Mesopotamia - barley, gold, lead and silver, the last most
generally, and especially iri later periods. When metal was used,
it had to be weighed in a balance, against one of the recognised
weight systems, which varied from time to time and from place to
place. Weights from these, in stone and other materials, have
been found. The word shekel is now commonly thought of as
referring to a unit of coinage, but the root Sql in Hebrew, like its
counterpart in other Semitic languages, expresses the action of
weighing. Some of the most accessible and illuminating refer-
ences to the weighing out of uncoined metal for a variety of
purposes are to be found in the Old Testament. For example, .
when Abraham bought a field, he weighed out the silver for the
price (Genesis 23, 16), and contributions to a temple repair fund
were first collected in a receptacle with a hole bored in its lid,
then counted out by weight (2 Kings 12, 10 ff). Greek
terminology too reflects this background: for example, the word
stater, referring to the principal denomination of a coinage,
derives from a root one of whose meanings is 'weigh'.
Metal weighed out thus to effect the exchange of goods and
services is currency. Currency becomes money when the metal
used in the exchange is made up in specific forms and according
to specific weight standards. Coinage goes a step further than
that: in addition to being prepared in units of standardised
weight, the metal must be marked in some recognisable way with
the stamp of an authority to guarantee its accurate weight and
quality (or fineness). These characteristics of a true coinage have
not so far been found together either in ancient Egypt or in the
sophisticated economies of the early Mesopotamian kingdoms.
The invention of coinage 9

Fig. 1. Greece and western Asia Minor.

From a combination of literary evidence and archaeological

discoveries it appears that the first western coinage was struck in
quite a small area of central western Anatolia, namely the area of
coast, and hinterland watered by the lower reaches of the Hermos
river. This area was the point of contact between Greek
settlements, such as Ephesos, on the coast and the kingdom of
Lydia occupying an intermediate position between sea coast and
interior plateau, with its capital at the spectacular site of Sardis
(fig. 1).
The Lydians, who first figure in history in the seventh century,
were regarded by the historian Herodotus, writing in the fifth
centurv. as the first users of coinaee. One of the most famous
strearni'of antiquity, the Pactolos, fiowed just to the west of the
acropolis of Sardis, before joining the Hermos, and it was
probably from the ore found in its bed that the first coins were
made. This ore was electrum, a natural alloy of gold and silver.
Recent research, while confirming the western Anatolian origin
of coinage, shows that the Greeks contributed much, if not to its
invention, then certainly to its development from a very early
stage. The most instructive evidence for the nature and dating of
the first coins comes not from Lydian territory, but from the
10 Greek Coinage
excavations of the temple of Artemis at Ephesos, published early
in the twentieth century. Here a miscellaneous deposit of beads,
pins, brooches and figurines, none of which can be dated later
than the early years of the sixth century, contained also some of
the earliest electrum coins. These exhibited varying degrees of
elaboration, and it was possible to define a progression from
small nuggets of metal to coins marked with a design, and to
estimate the 'birth of coinage' as having taken place in the last
quarter of the seventh century. Finally, the concept and
technique of engraving the designs stamped on coins are closely
allied to those of engraving seal stones, but in Anatolia seal
engraving began only with the fall of king Croesus of Lydia about
546. The Greeks, on the other hand, had long been accustomed
to the idea of engraving and using seals, and this contribution to
the beginning of coinage was probably theirs. It was a common
culture of Lydians and Greeks which produced, among other
things, the first western coins.
The coins on plate 1 illustrate some of the early stages of
coinage in Asia Minor and its diffusion to mainland Greece.
Numbers 1 to 3 are electrum coins. The surface of the obverse of
number 1 (for discussion of the terms obverse and reverse, see
page 15 below) is marked with nothing more elaborate than a
number of roughly parallel lines, or striations; its reverse has
received the imprint of a simple punch. The obverse of number 2
bears an easily recognisable design, the foreparts of a lion and a
.
bull back to back, which has been attributed to king Croesus, but
still the reverse is marked only with punches.
From Lydia and Ionia the idea of coinage spread northwards to
such cities as Kyzikos, and westwards across the Aegean, via
islands such as Chios (plate 1, number 3). In mainland Greece the
first cities to issue coins appear to have been Aigina and Corinth,
around the middle of the sixth century. Their respective badges
were a turtle and the winged horse Pegasus, seen here on the
obverse of early coins with punched reverse (plate 1, numbers 4
and 5).
Why was coinage invented? No precise answer can be given to
that question. Our own experience of coinage is in everyday
Plate 1. EARLY COINAGE
1. Ionia, electrum quarter-stater, 650-600. Obverse: striations. Reverse: punch. Oxford.
2. Lydia, electrum stater, 561-545. Obverse: foreparts of lion and bull. Reverse: punches.
Oxford. 3. Chios, electrum stater, c 550. Obverse: sphinx. Reverse: punch. Oxford.
4. Aigina, silver stater, c 500. Obverse: turtle. Reverse: punch. Hunter 1. 5. Corinth,
silver stater, 550-500. Obverse: Pegasus. Reverse: 'swastika' punch. Hunter 1.
The invention of coinage
 Greek Coinage
transactions of buying and selling, but it does not follow that this
was its purpose from the beginning, and it is important not to
exaggerate the economic significance of the new medium. It did
not render obsolete the older methods of exchange. Even after
coinage was invented, many Greek states and non-Greek peoples
such as the Phoenicians, who were very active traders, managed
satisfactorily for years without minting coins of their own. For
large transactions coinage was not necessarily advantageous; as
for small, everyday transactions, many states never issued the full
range of those smaller coins that make possible ordinary buying
and selling in a market.
What then were these early coins produced for? In later
periods military events were frequently the occasion for Greek
coinage - the preparation and operation of fleets and armies
might require a large number of standardised payments for
equipment and men, and after a campaign was over the victors
often faced the problem of how to distribute most conveniently
the proceeds of booty or indemnity. It has been suggested
therefore that the very first coins may have been issued in
response to military needs, more precisely for the payment of
mercenary soldiers. The nature of some of these coins - their
standardised weights and the obverse design of a lion's head -
suggests that they were issued to make a large number of uniform
and valuable payments in a portable and durable form, and that
the authority or person making the payment was the king of
Lydia. Not all the recipients of these pieces would wish to retain
them. Many pieces might be exchanged for goods or services and
would thus circulate as money. As we have seen, the new kind of
currency was soon copied elsewhere, though possibly not always
for the same reasons.
So the first coins were a stage in a process. These pieces of
accurately weighed and stamped metal were not without antece-
dents, and the new combination of features provided the basis for
developments many years, even centuries, in the future.
 The character of Greek coinage
Once invented, coinage spread rapidly in a generally westward
direction, from Asia Minor by way of the Aegean to mainland
Greece, and thence to Italy and Sicily. The frequently crude and
irregular shapes of the earliest coins quickly gave way to pieces
that are more recognisably the precursors of modern coins,
generally circular, and with designs on each side.
For almost two hundred years after their first appearance
Greek coins were minted only from precious metals - first
electrum, then silver or gold. Gold was scarce in the Greek world
and tended to be used only for emergency coinages like that
issued at Athens in the last decade of the fifth century, when the
Athenians were cut off from their silver mines at Laurion (see
chapter 5). Silver, though more common than gold, was still not
very widely or plentifully distributed. Few cities commanded
supplies in their own territories, and the majority depended on a
variety of outside sources, which sometimes included the coins of
other cities. The issue of coins requires not only the stimulus of a
suitable occasion, but also a supply of metal to turn into coins.
The comparative scarcity of precious metals helps to explain why
not every city coined and why in others the issue of coins was
irregular. Regular and prolific coin production by any one
authority was not common until the age of Philip I1 of Macedon
and his son Alexander 111 (the Great). Coins in precious metals
had an intrinsic value as bullion, but the adoption of bronze as a
metal for coinage in some parts of the Greek world (notably the
north Aegean, Sicily and south Italy) during the fifth century
introduced the idea of a token coinage, in which the intrinsic
value of the metal in a coin is much less than the coin's value as a
medium of exchange.
Ancient Greece was not a unified state - still less so the
various parts of the Mediterranean and Black Sea coasts settled
by Greeks. The variety of origin, traditions and customs of the
Greek cities is reflected in the variety of their independent
coinages, minted on different and often unrelated weight
standards. For example, on the island of Aigina (and in much of
mainland Greece and on some of the islands of the Aegean,
including Crete), a drachm of silver weighed approximately 6
grams, and the stater was a didrachm. At Athens on the other
hand, just across the water from Aigina, a different standard, the
14 Greek Coinage

\ ANVIL
I
'Attic', was used, in which the principal denomination was the
tetradrachm, weighing approximately 17.4 grams. The co-exist-
ence of several independent standards'obviously caused practical
difficulties in the handling and exchange of coins. With a few
notable exceptions coins did not travel very far from their home .
area. But although the difficulties were substantial, they were not
insuperable. Moneychangers plied their trade, and there is some
evidence for the issue of coins designed partly to assist exchanges
between different weight systems.
All the coins illustrated in this book were produced by striking,
the procedure being as follows. When metal of the required
quality had been prepared, the first task was to create the blanks,
or flans, of metal, of suitable shape and correct weight. The
normal method used to achieve this was casting. The dies were.
made either from a specially hardened bronze or from iron and
were hand-engraved in negative (or intaglio), often with remark-
able detail. Individual engravers are usually anonymous, though
at certain times and in certain places they were in the habit of
signing their work. For example, the names are known of several
engravers who worked for Sicilian cities in the years around 400
(e.g. Herakleidas, plate 5, number 5; Euainetos, plate 7, number
1).To convert the metal blank into a coin, one of the dies, which
 The character of Greek coinage 15
was to produce the obverse of the coin, was fixed in an anvil, and
the blank was placed on top of it (fig. 2). The other die (which
was to produce the reverse), at first a simple punch, later an
engraved die, was placed over the blank and was hit with a
hammer, so producing the finished coin. No special implements
were required for coining, simply the 'anvil and hammer and well
made pincers' used by the Homeric goldsmith to gild the horns of
a sacrificial heifer (Odyssey 3, 434).
The process could, however, go wrong. Too forceful a blow on
the upper die might cause the metal of the blank to spread and to
well up around the die, and even to split, thus producing a coin of
irregular shape. Sometimes either blank or dies might slip,
causing a blurring of one or both images. The dies, subject to
repeated sharp blows, deteriorated with use; even if they did not
break, they could develop minor cracks, which are frequently
detectable on the coins they stamped. However, the hand-
engraving of the dies and the hand-striking of each coin ensures
their individuality as manufactured objects which are often of
great charm and beauty.
The types of Greek coins are very varied but can be classified
under five main heads. First, many cities chose to honour their
patron deities on coins, often in association with objects
appropriate to the cult. For example, Hermes is the regular
obverse type on coins of Ainos, on the north coast of the Aegean
(plate 2, number 1).On the coinage of Elis, in whose territory the
Olympic Games took place every four years, the divinities shown
were either Zeus, in whose honour the games were held, or Hera,
his consort, who also had a temple at Olympia (plate 2, number
3)
'
A second group of types includes personalities or animals from
myths and legends closely associated with a city. Thus coins of
Corinth and the cities founded by her frequently depict the
winged horse Pegasus, who was believed to have been tamed at
Corinth by the hero Bellerophon with the help of Athena;
Pegasus, it was said, struck the rock of Acrocorinth with his hoof,
this opening the spring Peirene (plate 2, number 3; note, in the
- . -a,single letter, koppa, the initial letter of the
field below Pegasus,
issuing city, Corinth).
Thirdly, local products sometimes figure as coin types. The ear
of barley on coins of Metapontion, founded on the coastal plain
of southern Italy, recalls the agricultural wealth of the surround-
ing area in ancient times (plate 2, number 4). The leaf of the
selinon (wild celery), adopted as the type of Selinous in Sicily,
16 Greek Coinage
belongs to this class of local product types but shares too some of
the character of a fourth group of canting or punning types,
where the name of the object shown refers to the name of the city
(plate 2, number 5). Such a type was sometimes sufficient to
indicate the origin of a coin, as at Selinous, but in other cases
appeared with the name of the issuing city, as at Rhodes, where
one of the types was usually a rose (Greek: rhodon) (plate 2,
number 6 )
Fifthly, after the death of Alexander the Great in 323, rulers of
the various kingdoms that were carved out of his empire began
the practice, taken up in the Roman empire and continued in
modern times, of placing their portraits on their coins. (Some of
these are illustrated and discussed in chapter 6.)
The variety of Greek coin types is not limited to these five
categories. Apart from the punch marks mentioned above and
the pictorial types illustrated already, an arrangement of letters
or a monogram may inform us about the origin of a coin, as well
as giving other details such as the name of a magistrate. Thus the
reverse of a coin of the Achaean League features the first two
Greek letters of Achaea (alpha and chi) in monogram form (plate
2, number 7).
Not all Greek coins were well struck, and not all coin dies were
engraved by master craftsmen. But the careful study of a
representative selection of Greek coins, ranging widely in time
and place, permits direct contact with the Greek world in all its
variety of cults and traditions.

Plate 2. COIN TYPES

1. Ainos, silver tetradrachm, early fourth century. obverse: facing head of Hermes.
Hunter 2.
2. Elis, silver stater, mid fourth century. Obverse: head of Hera. Hunter 6.
3. Corinth, silver stater, mid fourth century. Obverse: Pegasus. Hunter 11.
4. Metapontion, silver stater, later sixth century. Obverse: ear of barley. Hunter 3.
5. Selinous, silver didrachm, late sixth century. Obverse: leaf of wild celery. Hunter 1.
6. Rhodes, silver tetradrachm, early fourth century. Reverse: rose. Hunter 2.
7. Achaean League (Mantineia), silver triobol, third century. Reverse: Achaean
monogram, with letters and symbol (trident), all within wreath. Hunter 18.
The character of Greek coinage
 Coins of the citv-states:
south Italy and Sicily
Greek cities in Italy and in Sicily issued some of the most
beautiful coins ever struck. They were pioneers, too, in issuing
bronze coins on a large scale. Several other peoples shared the
western Mediterranean with the Greeks, either immigrants like
themselves, such as the Phoenician Carthaginians of north
Africa, or residents of longer standing, such as the Etruscans and
the Oscan speaking peoples of Italy. In all these areas coins
illuminate not only the stories of the Greek settlements but also
the relations between Greeks and their neighbours (fig. 3).
In south Italy coinage began in the third quarter of the sixth
century, with the remarkable incuse issues of several cities on the
south coast. On the earliest staters, struck on thin, spread flans,
the obverse type appears normally in relief, while on the reverse a
closely similar version of the same type is struck in negative, the
two types in alignment with each other. Sybaris was one of the
cities which used the incuse technique for its coins: the type, of
both the staters and smaller denominations, was a bull, accompa-
nied on the obverse by an abbreviated form of the city's name
(plate 3, numbers 1and 2). Sybaris was destroyed in a war with its
neighbour Kroton in 510, but it left behind a reputation for
luxurious living which has added the word 'sybarite' to our
language. Because so little of Sybaris remains above the ground
today, the importance of its coins as evidence for its development
and prosperity in the later sixth century is enhanced.
At Poseidonia, however, on the west coast of Italy, the early
coins complement magnificent architectural remains. The city
took its name from Poseidon, god of the sea and of earthquakes,
and the obverse of an early coin shows the god advancing to the
right, naked except for a cloak draped over both shoulders; his
left arm is extended, while with his right he wields a trident (plate
3, number 3). The reverse type is closely similar to the obverse
type, and the two fit perfectly back to back, but closer inspection
reveals differences of detail, for example in the presentation of
the types and in the patterns of the borders. Two closely
corresponding but different dies were used. The technique
employed to produce this coin was the same as that already
illustrated from Sybaris, but the two coins, though both staters of
Coins of south Italy and Sicily 19
their respective cities, represent different weight standards. The
staters of Sybaris, weighing approximately 8 grams, were
subdivided into thirds and sixths, while those of Poseidonia,
weighing approximately 7.5 grams, were subdivided into two
drachms, not three.
Among cities which issued incuse coins was Taras, modern
Taranto, founded by colonists from Sparta in the late eighth
century. Coinage began here about 500, later than at either
Sybaris or Poseidonia, and the period of incuse issues was
correspondingly shorter. Thereafter the mint of Taras was
continuously active until Hannibal's occupation of the city in the
last quarter of the third century, and the coins provide effective
illustration and confirmation of Tarentine affairs during three
eventful centuries.
The characteristic type of Tarentine coinage was a young male
dolphin-rider, either Phalanthos, the leader of the original
settlers, or Taras, son of Poseidon, after whom the city was
named (plate 3, number 4). On this coin, of a dumpy fabric

TYRRHENIAN

Fig. 3. South Italy and Sicily.

 Greek Coinage
characteristic of the immediately post-incuse issues, the dolphin-
rider occupies the obverse, while the reverse type, fitting neatly
on the flan, is a wheel with four spokes.
Later in the fifth century came the first of a long series of
Tarentine coins called 'horsemen', of which the the obverse type
is a horse and rider, the horse galloping, cantering or standing
still, the rider varying in age, gestures and accoutrements. These
types offer remarkable testimony to Tarentine interest in horses
and horsemanship. On the obverse of the specimen illustrated
(plate 3, number 5), a naked youth rides on horseback to the left,
holding a shield and two spears, while the reverse features the
dolphin-rider, holding in his right hand a wreath-bearing Victory.
Another notable feature of Tarentine coinage, especially in the
later fourth and early third centuries, is the number and
frequency of gold issues. These can often be associated with one
or other of the succession of foreign generals invited by the
Tarentines between 344 and 281 to help them in their numerous
wars against their neighbours. The gold stater illustrated (plate 3,
number 6) may be associated with the intervention of Kleony-
mos, king of Sparta, towards the end of the fourth century. Like
all Tarentine gold coins, it was minted on the Attic standard,
which was now achieving international status (see further,
chapter 6).
The nearest neighbour of Taras along the coast to the west was
Metapontion, whose distinctive type, an ear of barley, has
already been illustrated (plate 2, number 4). After the incuse .

phase of the coinage this type was coupled with a long series of
heads of divinities and heroes, for example Demeter, goddess of
the fruits of the earth, with a wreath of barley in her hair (plate 4,
number 1) and Athena, shown in warrior guise, wearing a crested
Corinthian helmet (plate 4, number 2). Athena was particularly
favoured as a coin type by south Italian cities, for example at
Herakleia, established in 433 on a site further along the coast
again from Metapontion. Herakleia was a joint foundation of
Thourioi (founded with Athenian support in 443, on the site of
the destroyed Sybaris) and Taras, and this dual origin is reflected
Plate 3. COINS OF ITALY (1)
1. Sybaris, silver stater, later sixth century. Obverse and reverse: bull turning head.
Hunter 2. 2. Sybaris, silver third-stater, later sixth century. Obverse and reverse: bull
turning head. Hunter 4. 3. Poseidonia, silver stater, later sixth century. Obverse and
reverse: Poseidon wielding trident. Hunter 2. 4. Taras, silver stater, c 470-460. Obverse:
dolphin-rider. Reverse: wheel. Hunter 1. 5. Taras, silver stater, 302-281. Obverse:
horseman. Reverse: dolphin-rider, waves beneath. Hunter 70.6. Taras, gold stater, c 300.
Obverse: head of Hera. Reverse: young jockey crowned by Nike (Victory). Hunter 21.
Coins of south Italy and Sicily 21
 Greek Coinage
in the types of many of the city's coins (plate 4, number 3). The
regular obverse type of its staters was a head of Athena wearing a
crested helmet (here the head is facing), while the reverses
tended to show the Dorian hero Herakles, after whom the city
was named. There is no mistaking him on this coin as, club in
hand, he performs one of his twelve labours, the strangling of the
Nemean lion.
On the west coast of Italy Athena was a popular choice of type
at Elea, founded about 540 by refugees from Phokaia in Asia
Minor (plate 4, number 4), and also in Campania, the hinterland
of Naples. It was in Campania that Greeks from Euboia first
settled in the west in the middle of the eighth century, initially on
the island of Ischia (called by them Pithekoussai), then at Kyme
on the coast of the mainland opposite. Kyme was the first
Campanian city to issue coins, early in the fifth century, and it
was soon followed by its daughter city Neapolis (Naples). Both
mints adopted Athena as a type at various times during the fifth
century and at the beginning of the fourth.
Another group of coins illustrates well the blend of cultures in
Campania at that time. The Hyrians were a Samnite people
whose coin types are entirely Greek in character: on the obverse
a head of Athena, on the reverse a man-faced bull, probably
representing a river god (plate 4, number 5). Their name,
Hyrinai, however, uses an Oscan letterform for R. From
approximately the same period, coins of the people of Nola, .
again with obverse head of Athena and reverse man-faced bull,
are entirely Greek in appearance, even down to the alphabet
used (plate 4, number 6), but the Nolans for whom they were
minted were Italian, not Greek. In the fourth century and later,
Neapolis issued coins with some fine female heads on the
obverses, in addition to those bearing a head of Athena (plate 4,
number 7).
The main reason why Greeks chose Campania for their first
settlements in Italy was its proximity to Etruria and its resources,
Plate 4. COINS OF ITALY (2)
1. Metapontion, silver stater, c 290-280. Obverse: head of Demeter. Reverse: ear of
barley. Hunter 41. 2. Metapontion, silver stater, c 212-207. Obverse: head of Athena.
Reverse: ear of barley. Hunter 55. 3. Herakleia, silver didrachm, early fourth century.
Obverse: head of Athena, three-quarters facing. Reverse: Herakles fighting lion. Hunter
8. 4. Elea, silver didrachm, c 400. Obverse: head of Athena. Reverse: lion leaping on stag.
Hunter 15. 5. Hyria, silver didrachm, c 400. Obverse: head of Athena. Reverse:
man-faced bull. Hunter 14. 6. Nola, silver didrachm, c 400. Obverse: head of Athena.
Reverse: man-faced bull. Hunter 6. 7. Neapolis, silver didrachm, c 375. Obverse: head of
Parthenope. Reverse: man-faced bull crowned by Nike. Hunter 4. 8.-Populonia, silver
20-unit piece, c 225-200. Obverse: Gorgon's head. Reverse: two caducei. Hunter 1.
Coins of south Italy and Sicily 23
 Greek Coinage
especially of metals. In return Greek manufactured goods poured
into Etruria, along with elements of social and commercial
organisation such as the alphabet and the practice of coinage.
Etruscan coins sometimes adopt a very rare form in which the
reverse is smooth and blank, but the specimen illustrated (plate 4,
number 8), from Populonia, on the coast opposite Elba, has the
normal two types: on the obverse a Gorgon's head, below which
are marks of value (X X, standing for twenty units; one of the
letters is off the coin), and on the reverse two caducei placed
parallel.to each other, but in opposite directions. (The caduceus
was a staff carried by the Greek god Hermes; its significance in
this Etruscan context is not clear.)
Greeks began to settle in Sicily from about 735, and they built
there a civilisation whose monuments still excite the imagination.
It was a civilisation of contrasts, in which brilliant advances were
achieved against a background of almost continuous warfare and
cruelty. As in Italy the Greek settlements were founded from a
variety of states in the homeland. There were two main groups,
one in the north-eastern part of the island, where towns like
Naxos, Zankle (later Messana), Leontinoi and Katane were
largely of Euboean origin, and a second group, mainly in the
south and west, founded by a variety of Dorian colonists, for
example Syracuse (by Corinthians) and Gela (by Rhodians and
Cretans).
~ a x o smarks the natural landfall for travellers approaching
Sicily from the southern tip of Italy and was the first Greek .

foundation in Sicily. It was also among the first to issue coins, in

the second half of the sixth century. A specimen of the first series
reflects the importance to Naxos of the cultivation of the vine
(plate 5, number 1).It features on the obverse a head of the wine
god Dionysos with pointed beard and long hair wreathed with
ivy. The reverse type reinforces this image: a bunch of grapes
hangs from a stalk between two leaves, above the name of the
Naxians written from right to left in the genitive case (Naxion).
It was not long before settlers established themselves further
Plate 5. COINS O F SICILY (1)
1. Naxos, silver drachm, c 530-510. Obverse: head of Dionysus. Reverse: bunch of grapes
hanging from stalk between two leaves. Hunter 1. 2. Zankle, silver drachm, later sixth
century. Obverse: dolphin within sickle-shaped object. Reverse: patterned punch, with
shell at centre. Hunter 1.3. Messana, silver tetradrachm, mid fifth century. Obverse: light
chariot drawn by two mules. Reverse: hare. Hunter 3. 4. Leontinoi, silver tetradrachm,
mid fifth century. Obverse: head of Apollo. Reverse: lion's head. Hunter 11. 5. Katane,
silver tetradrachm, c 405. Obverse: facing head of Apollo. Reverse: quadriga. Hunter 11.
6. Gela, silver tetradrachm, c 480-470. Obverse: quadriga. Reverse: forepart of man-faced
bull. Hunter 1.
Coins of south Italy and Sicily
 Greek Coinage
north, on the straits of Messina. Their town on the Sicilian side of
the straits was first called Zankle, a name derived from a native
word meaning 'sickle', and referring to the curving sandbar which
enclosed the harbour of the town. On obverses of early coins of
Za,nkle, in the late sixth century, the curving shape is shown,
enclosing a dolphin and the name of the town in the nominative
case (plate 5, number 2). The reverse of this coin is created by a
patterned punch with a shell at its centre. Early in the fifth
century Zankle was ruled first by a body of refugees from Samos,
and then by Anaxilas, tyrant of Rhegion, on the Italian side of the
straits. He settled the town with Messenians from the Pelopon-
nese and renamed it Messana. Coin types reflect this change and
the interests of the man who brought it about (plate 5, number 3):
a mid fifth-century obverse shows a chariot drawn by two mules
and refers to an Olympic victory in the mule-car race won by
Anaxilas, probably in 480; the reverse type, a hare, may refer to
the worship of the rustic god Pan
Several Euboean cities in Sicily chose Apollo as one of their
coin types. At Leontinoi, situated in a commanding position on
the southern edge of the fertile plain of Catania, a fifth-century
coin (plate 5, number 4) shows on the obverse a head of the god,
wearing a wreath of laurel, and on the reverse the head of a lion,
an animal associated with Apollo, and especially appropriate
here as the device of the city (Greek leon, a lion). The reverse
design incorporates also the name of the Leontines, three
barleycorns and a tripod, attribute of Apollo as oracular god. At
Katane, towards the end of the fifth century, the engraver of a
superb obverse head of Apollo, facing rather than in profile,
signed his work - Herakleidas (plate 5, number 5, and cover).
The reverse of the coin bears a type popular in Sicily: a victorious
quadriga, or four-horse chariot. Observe the galloping horses,
the rein of the furthest hanging loose, and Victory hovering above
to crown the charioteer.
Among the Dorian foundations of Sicily, Gela began to coin
about 490. On the coin illustrated (plate 5, number 6), dating
Plate 6 . COINS OF SICILY (2)
1. Akragas, silver tetradrachm, third quarter of fifth century. Obverse: eagle. Reverse:
crab. Hunter 15. 2. Himera, silver didrachm, c 483-472. Obverse: cock. Reverse: crab.
Hunter 8. 3. Himera, silver drachm, c 500-483. Obverse: cock. Re.verse: hen. Hunter 4.
4. Syracuse, silver tetradrachm, c 500-490. Obverse: quadriga. Reverse: small head of
Arethusa set in incuse square. Hunter 1. 5. Syracuse, silver tetradrachm, c 485-483.
Obverse: quadriga. Reverse: head of Arethusa. Hunter 3. 6. Syracuse, silver tetradrachm,
c 465. Obverse and reverse as number 5. Hunter 20. 7. Syracuse, silver tetradrachm, mid
fifth century. Obverse and reverse as number 5. Hunter 23.
Coins of south Italy and Sicily
 Greek Coinage
I

from about 470, the obverse type is a quadriga, this time with the
horses crowned by Victory flying above. The reverse type is the
forepart of a man-faced bull, representing the river god Gelas. At
Akragas, founded from Gela early in the sixth century, the
favoured types were on the obverse an eagle, on the reverse a
crab (plate 6, number 1). Between about 483 and 472, the crab
a pears on the reverse of didrachms of Himera (plate 6, number
f'
2 , reflecting a period of domination of Himera by Theron, tyrant
of Akragas (a rare example, for this date, of the influence of
known historical circumstances on the choice of a coin type). The
obverse type of these didrachms is a cock, which had been
established as the badge of Himera on the earlier coinage of the
city (plate 6, number 3).
At Syracuse coinage began in the late sixth century, and the
history of the mint can be traced in detail for several centuries.
The earliest coins establish themes which were to dominate the
coinage not only of Syracuse but of other Sicilian cities too: a
chariot and horses, and a female head. On early coins the head
appears within a small circle set in the centre of an incuse square
divided into quarters (plate 6, number 4), but it soon expands into
a full-sized type, surrounded by four dolphins (plate 6, numbers
5, 6 and 7). This is Arethusa, a local divinity whose freshwater
spring can still be seen beside the Great Harbour of Syracuse. It is
possible to follow the artistic development of her image over
many years. An especially fine representation of Arethusa, her
hair bound with a reed, occurs on the reverse of decadrachms
issued near the beginning of the fourth century, and signed by the
engraver Euainetos (plate 7, number 1).On the obverse of these
issues, in the exergue, that is the space below the chariot and its
galloping horses, a panoply of arms (helmet, shield, cuirass and
greaves) is laid out, prizes perhaps for success in the activity
depicted above. Syracusan Arethusa types like this one engraved
by Euainetos influenced the iconography of many later coin
types, including those of Carthaginian coins which were issued in
Sicily for military needs, especially the payment of mercenaries
(plate 7, number 2). Among the elements of the reverse design of
Plate 7. COINS O F SICILY (3)
1. Syracuse, silver decadrachm, early fourth century. Obverse: quadriga. Reverse: head of
Arethusa. Hunter 54. 2. Siculo-Punic, silver tetradrachm, c 320-310. Obverse: head of
Arethusa. Reverse: horse's head and palm tree. Hunter 9. 3. Syracuse, silver litra, c 460.
Obverse: female head. Reverse: cuttlefish. Hunter 12. 4. Himera, bronze hemilitron,
third quarter of fifth century. Obverse: Gorgon's head. Reverse: six pellets. Hunter 17.
5. Himera, bronze tetras, third quarter of fifth century. Obverse: Gorgon's head. Reverse:
three pellets. Hunter 18.
1
I
Coins of south Italy and Sicily 29
I
I
30 Greek Coinage
this coin is a palm tree (Greek phoinix) and a Punic inscription
signifying 'people of the camp'.
So far att.ention has been focused on the larger denominations
of the coinages mentioned, but many mints issued a range of
smaller denominations too. An example from Syracuse has on the
obverse a female head and on the reverse a cuttlefish (plate 7,
number 3). It is a litra, which in Sicily was one fifth of a drachm, a
form of subdivision reflecting native rather than Greek tradition.
Furthermore, Sicilian cities were among the first to experiment
with coinage in bronze, which was issued in various denomina-
tions - the silver litra was divided into 12 bronze onkiai, or
ounces. Examples of a series from Himera show on the obverses a
Gorgon's head, on the reverses marks of value: six pellets for a
six-ounce piece (or hemilitron), three pellets for a three-ounce
piece (or tetras) (plate 7, numbers 4 and 5 respectively).
 Coinage in classical Athens
Who issued coins and why? Who used them and how? For most
Greek cities there is little evidence a ~ a r tfrom the coins
themselves to suggest answers to these que'stions. One exception
is Athens, where a long-lasting and complex coinage and the
comparative wealth of literary and epigraphic material provide
information about the purpose and use of coins. This is especially
so in the fifth and fourth centuries, for which historians such as
Herodotus, Thucydides and Xenophon provide a detailed
framework of events, including from time to time information on
financial matters, for example rates of pay or movements of
bullion and coins. Speeches delivered in law courts mention
details of personal income and expenditure, savings and prices.
Among the playwrights, the comedians in particular refer
frequently to coins, prices, everyday buying and selling. Public
documents erected in stone for permanent display record
expenditure on specific projects and sometimes preserve regula-
tions affecting coinage. Some classes of objects, notably vases,
were often marked after firing with letters or figures indicating a
price. All this material has to be carefully evaluated for possible
distortions or exaggerations, and there are big gaps in our
information. Taken together however, these sources provide a
measure of insight into the monetary affairs of one Greek city.
Athenian coinage began in the middle of the sixth century, but
the main lines for future developments were laid down in the last
twenty years or so of that ckntury. At that time the silver
tetradrachm replaced the didrachm as the standard denomina-
tion, and.new types were introduced, abandoning the variety of
the earliest series, and restricted to a head of .Athens on the
obverse and an owl (Athena's bird) on the reverse; the origin of
the coins was made explicit by the inclusion of the first three
letters of the Athenians' name as part of the reverse design. This
is the beginning of the famous coinage referred to by Aris-
tophanes in his comedy Birds (produced in 414) as 'owls of
Laurion', which will 'build nests in purses and hatch little silver
pieces'. The 'owls' of Athens are a good example of the way in
which coins could be referred to by a characteristic type -
compare the 'colts' of Corinth. They were ultimately issued in a
wide range of denominations, on a standard known as 'Attic'
(table 1 and plate 8), providing a flexible medium of exchange
 I

Greek coinage
Table 1. Denominations of silver coins struck at Athens.
normal weight expressed in drachms
(grams)
decadrachm 43.66 10
tetradrachm 17.44 4
didrachm 8.72 2
drachm 4.36 1
pentobolon 3.63 516
tetrobolon 2.90 213
triobolon (hemidrachm) 2.18 Y2
diobolon 1.45 113
trihemiobolion 1.09 %
obolos 0.72 116
tritemorion (or tritartemorion) 0.54 118
hemiobolion 0.36 1/12
trihemitetarternorion 0.27 1/16
tetartemorion 0.18 1/24
hemitetartemorion 0.09 1/48
100 drachms made up one mina, and 6,000 drachms (60 minae) made up one
talent. Both the mina and the talent were descriptions of weight or value of
silver, not actual coins.

which included very small values. However, not all the denomina-
tions listed in table 1 were struck together at any one time.
Decadrachms for example were issued on only one occasion (in
the 460s), and in the later part of the fifth century Athens minted
no didrachms and only a restricted number of drachms
Athenian coinage was overwhelmingly of silver until bronze
coins were introduced in the middle of the fourth century. There
was an emergency issue of gold coinage in 406, towards the end of
the Peloponnesian War; supplies of silver had almost run out, and
the gold plates of seven statuettes of Victory were melted down to
provide coins ranging from the stater, worth 24 silver drachms, to
the hemiobol, worth 1 silver drachm (plate 8, number 10, is a
specimen of this issue)
The level of output of Athenian coinage varied with the city's
circumstances and needs. Early in the fifth century production of
Plate 8. COINS O F ATHENS (FIFTH CENTURY)
1. Silver tetradrachm. Obverse: head of Athena. Reverse: owl. Oxford. 2. Silver
didrachm. Obverse and reverse as number 1. Oxford.'3. Silver drachm. Obverse and
reverse as number 1. Oxford. 4. Silver hemidrachm (3 obols). Obverse: head of Athena.
Reverse: owl facing, between olive branches. Oxford. 5. Silver diobol(2 obols). Obverse:
head of Athena. Reverse: two owls facing each other, with olive sprig between. Oxford.
6. Silver trihemiobol (1%obols). Obverse: head of Athena. Reverse: owl facing. Oxford.
7. Silver obol. Obverse: head of Athena. Reverse: owl. Oxford. 8. Silver tritartemorion
(Y4 obol). Obverse: head of Athena. Reverse: three olive leaves. Oxford. 9. Silver
hemiobol (lh obol). Obverse: head of Athena. Reverse: owl. Oxford. 10. Gold stater.
Obverse: head of Athena. Reverse: owl. British Museum.
Coinage in classical Athens ' 33
34 Greek coinage
coins increased enormously, with growing expenditure on a
variety of civil and religious construction projects, defence works,
and the building and maintenance of a large fleet. Athens
possessed its own silver mines, and was ready to exploit them
constructively, thus laying the foundations for future successes.
7
Durin the occupation of Athens by the Persians under king
Xerxes 480) the Athenian mint was closed. When coinage
resumed, in 478 at the earliest, it was on a smaller scale than
before the Persian invasion, but in the late 450s the production of
coins began first to accelerate, then to outstrip earlier levels. The
background to this development was the leadership by Athens of
the Delian League, formed in 47817 by cities of the Aegean coasts
and islands to guard against future Persian aggression and to
recoup some of the losses sustained in the recent invasions. The
funds collected on the island of Delos to pay for League expenses
(for example, cash payments for naval service) were administered
from the start by Athenian officials, the hellenotamiai, and in 454
the money itself was transferred to the Athenian acropolis. This
move and the further decision, taken perhaps five years later, to
spend money contributed by the allies on public building projects
in Athens, enabled the Athenians to create a substantial financial
reserve, and to pay out large sums from it in the form of coinage.
It is impossible to give meaningful modern equivalents for
Athenian monetary values, but some examples of payments and
prices can give an idea of the relative scale of expenditure and the
relative values of goods that could be purchased.
Military activity was of fundamental importance in the eco-
nomy of fifth-century Athens, and regular payments were made
to those engaged in military service, whether as infantrymen or as
rowers in the fleet. During the Peloponnesian War (431-404) the
normal rate of pay for Athenian sailors was 3 obols per day,
though this rate could be higher if difficulties were expected, for
example in the provision of food while on campaign. Figures are
available for expenditure on specific operations: for example,
1,200 talents on the suppression of the revolt of Samos (440139)
and 2,000 talents on the siege of Potidaea between summer 432
and winter 430129.
Payments for state service such as the holding of office were a
feature of democratic life in the latter half of the fifth century,
and even more so in the fourth. Payment for service on juries was
probably introduced in the 450s, and for attendance at council
meetings at about the same time. There were six thousand
jurymen, and each was paid 2 (3 after 425) obols for every day on
Coinage in classical Athens
which he sat; members of the council received 5 obols a day in the
fourth century; payment of 1 obol for attendance at the assembly
was introduced soon after the democratic restoration (403); by
the late 390s it was 3 obols and later in the fourth century was
increased further to 1 or 1Y2 drachms.
The Periclean building programme in Attica in the fifth century
cost over 2,000 talents, and surviving building accounts, for
example those of the Parthenon running from 44716 to 43312,
record expenditure on purchases of materials, monthly salaries
(e.g. for architects), daily wages (e.g. to marble-quarry workers,
carters and drivers), and payments to sculptors working on the
figures of the pediments. The accounts preserved for the building
of the Erechtheum between 40918 and 40716 show that skilled
workmen were paid one drachm (sometimes 1%) per day; the
Parthenon accounts suggest that the pediment sculptors, who
received a total of 16,392 drachms one year, were not earning
much more than this, even though they were doing very skilled
work.
These are some of the purposes for which Athens issued coins.
Once in circulation, the coins acquired several functions: they
were spent by individuals in a variety of ways, or they could be
stored as savings. Many items for daily use could be bought for a
modest sum: salted fish for an obol each, the same amount for a
small measure of wine, for a toy, or for a small oil bottle. Food
prices, especially those of cereals, obviously fluctuated, but
wheat might reasonably cost 5 drachms per medimnos (52 litres),
barley 3 drachms per medimnos. Items of clothing could be more
expensive: up to 20 drachms for a new cloak of good quality, up
7
to 8 drachms for a pair of shoes. Slaves mi ht cost 150 to 200
drachms (more for a slave with special skills , land from 200 to
300 drachms per acre. Thus coinage was used in fifth-century
Athens in ways that are recognisable to us today. It was plentiful,
it was issued in a wide range of denominations, and it was familiar
among all social groups.
 Coins of the Hellenistic kingdoms
So far, we have been examining a Greek world of independent
city-states. In the fourth century, however, this system began to
give way, in the eastern Mediterranean to the ambition of king
Philip I1 of Macedon (359-336) and of his son Alexander I11
(336-323), and in Italy and Sicily before the expanding power of
Rome.
At the time of his assassination in 336 Philip I1 dominated
Greece and was poised to invade the Persian empire. This
project was carried out by Alexander 111, who led his victorious
army of Macedonians and Greeks across Asia as far as the
Punjab. As a result, elements of Greek culture were introduced
to vast areas of western and central Asia, and the political
organisation of the Greek world itself was changed drastically and
irrevocably. Although the empire left by Alexander on' his death
in 323 did not long remain a single unit, the individual city-state
counted for little in the world of the territorial states carved out of
that empire by Alexander's successors (fig. 4). The selection of
coins in this chapter illustrates the course and some of the results
of these developments, and also introduces some of the personali-
ties who helped to shape events in what we now call the
Hellenistic age. The coin portrait is one of the notable achieve-
ments of this period. Few portraits of individuals, living or dead,
have been recognised on Greek coins before 400, and they are
rare too in the fourth century, but after Alexander's death it
became usual for rulers to issue coins with a portrait, either of
themselves or of a distinguished predecessor such as Alexander
or the founder of their own dynasty.
The kingdom of Macedon lay between the Balkans and the
Greek peninsula. In classical times its pastoral tribes were ruled
by a royal house which claimed descent from the mythical
Temenos, of Argos in the Peloponnese. Earlier kings had done
much for Macedonia, but it was Philip I1 who by a combination of
organisational and diplomatic skills made his kingdom a power to
be reckoned with. An important element in Philip's success was
his control and exploitation, after 356, of the gold and silver
mines of Mount Pangaion.
Silver coins were issued in a range of denominations, on the
standard employed by the Chalcidic League, whose capital,
Olynthus, was captured by Philip in 348. Tetradrachms bore on
Coins of the Hellenistic kingdoms 37
b

3
0

2 Pergarnurn

PARTH lA
Cyrene

Alexandria
Siwa l
Oas~se
EGYPT

Fig. 4. The Hellenistic kingdoms.

the obverse a magnificent head of Zeus (the first appearance of

this god on Macedonian coinage) and on the reverse either a
bearded man riding on horseback with right hand raised (possibly
representing the king himself) (plate 9, number 1) or a boy jockey
carrying a palm of victory (Philip's horse had been successful in
the Olympic Games of 356) (plate 9, number 2). Among the
smaller denominations, a 4 obol piece combines a similar reverse
type with an obverse head of Apollo (plate 9, number 3).
Philip's gold coins were struck on the Attic weight standard.
The obverse type of the staters (plate 9, number 4) was a head of
Apollo, a type previously used on coins of the Chalcidic League,
and now reflecting Philip's close association with the sanctuary of
Apollo at Delphi (Philip was elected president of the Pythian
games of 346). The reverse type, a biga, or two-horse racing
chariot, refers to another of Philip's victories at Olympia. The
gold staters were accompanied by smaller denominations, for
example, quarter-staters with obverse head of Herakles wearing
lion's skin, reverse strung bow and club (Herakles' characteristic
weapons) (plate 9, number 5). Herakles, regarded as ancestor of
the royal house through Temenos of Argos, had already
appeared on Macedonian coins and was to play an important role
38 Greek Coinage
in the coinage of Alexander the Great. Finally, large numbers of
bronze coins supplemented the precious metal coinage: one
example shows on its obverse Apollo, on its reverse a horseman
(plate 9, number 6); another has Herakles on the obverse, a club
on the reverse (plate 9, number 7).
When Alexander crossed to Asia in the spring of 334 his
treasury was depleted, but his subsequent conquests, and in
particular the capture of Persian treasure, provided ample
supplies of bullion for coinage. Many mints were opened, in Asia
Minor, the Levant, Egypt and at Babylon, and between them
they produced a full range of coins in gold, silver and bronze, of
uniform weights and types. On gold coins, Alexander introduced
the obverse type of Athena wearing a crested Corinthian helmet,
and the reverse type of Nike, goddess of victory, standing with
wings outspread, and holding a wreath and an emblem of naval
victory (plate 10, number 1). The bulk of the silver coins, now
struck like the gold on the Attic standard, were tetradrachms with
obverse head of Herakles wearing lion's scalp head-dress, and on
the reverse Zeus, seated on a throne and holding an eagle on his
right hand (plate 10, number 2). These types are repeated on
drachms (plate 10, number 3), and the Herakles type at least on
some of the bronze coins (plate 10, number 4).
When Alexander died, his heir (Alexander IV) was not yet
born. Subsequently both this boy and a bastard son of Philip I1
(Philip 111) were no more than pawns in the struggle for power
which began at once between Alexander's generals. For a time
the struggle was for the whole empire, but from 306 onwards
several of the contestants assumed the title of king, and by about
270 a world of territorial states had been established, ruled over
by descendants of Alexander's generals: the grandson of Anti-
gonus in Macedonia; the son of Seleucus in Syria, Mesopotamia
and Iran; the son of Ptolemy in Egypt
Antigonus Monophthalmus ('one-eyed7) had been governor of
Phrygia under Alexander. After Alexander's death he deter-
mined to bring as much of Alexander's empire as he could under
his control (he struck coins with the types of Alexander: plate 10,
Plate 9. COINS OF PHILIP I1
1. Silver tetradrachm. Obverse: head of Zeus. Reverse: horseman, right hand raised.
Hunter 38. 2. Silver tetradrachm. Obverse: head of Zeus. Reverse: youthful horse-rider
carrying palm. Hunter 64. 3. Silver tetrobol. Obverse: head of Apollo. Reverse:
horseman. Hunter 101. 4. Gold stater. Obverse: head of Apollo. Reverse: biga. Hunter 2.
5. Gold quarter-stater. Obverse: head of Herakles. Reverse: strung bow and club. Hunter
35. 6. Bronze. Obverse: Apollo. Reverse: horseman. Hunter 117. 7. Bronze. Obverse:
Herakles. Reverse: club. Hunter 148.
Coins of the Hellenistic kingdoms
40 Greek Coinage
number 5), but he was finally defeated and killed in battle (Ipsus,
301) against a coalition of his rivals. Among these was Lysi-
machus, who had also been a close associate of Alexander.
Starting from his satrapy in Thrace he gradually built up a
kingdom which included Macedonia and much of Asia Minor as
well, until he too was defeated and killed in battle (Corupedium,
281). It is to Lysimachus that we owe probably the best known
coin portrait of Alexander the Great. Anxious to preserve and
advertise his links with the conqueror, Lysimachus placed on the
obverses of his plentiful tetradrachms a portrait of Alexander
with the ram's horn of Zeus Ammon (plate 10, number 6). In 331
Alexander had been acclaimed 'son of Ammon' when he visited
the god's shrine at the Siwa oasis in the Libyan desert, and the
iconography of his portrait here reflects that-of Zeus Ammon, as
frequently presented on obverses of coins of Cyrene, in Libya
(plate 10, number 7).
Antigonus' son Demetrius distinguished himself in his father's
cause, by defeating the forces of their rival Ptolemy in Cyprus
(306), and then besieging Rhodes for a year (30514) - this was
the exploit that brought him the nickname Poliorcetes Besieger).
His victory in Cyprus, which was the occasion and justi ication for
the assumption of royal titles by Antigonus and Demetrius, was
k
celebrated on tetradrachms whose obverses show a winged
Victory,blowing a long trumpet as she alights on the prow of a
warship, their reverses showing the sea god Poseidon wielding a
trident (plate 11, number 1). Poseidon was Demetrius' patron
god, and the closeness of the association is emphasised in another
issue of tetradrachms (plate 11, number 2): not only does the
reverse show Poseidon, but the portrait of Demetrius on the
obverse shows him with a bull's horn, an attribute of Poseidon
inviting comparison with the ram's horn of Alexander on coins of
Lysimachus.
The death of Dernetrius in 283 was followed by a period of
changing control in Macedonia before his son Antigonus Gonatas
established himself as king over Macedonia and Thessaly
Plate 10. COINS OF ALEXANDER I11 (1-4), ANTIGONUS 1(5) AND LYSIMACHUS
(6)
1. Gold stater. Obverse: head of Athena. Reverse: Nike. Hunter 11. 2. Silver
tetradrachm. Obverse: head of Herakles. Reverse: seated Zeus. Hunter 59. 3. Silver
drachm. Obverse: head of Herakles. Reverse: seated Zeus. Hunter 209. 4. Bronze.
Obverse: head of Herakles. Reverse: club, bow and quiver. Hunter 299. 5. Gold stater.
Obverse: head of Athena. Reverse: Nike. Hunter 1.6. Silver tetradrachm. Obverse: head
of Alexander the Great. Reverse: seated Athena. Hunter 24.7. Cyrene, silver didrachm,
308-277. Obverse: head of Zeus Ammon. Reverse: silphium plant. Hunter 34.
Coins of the Hellenistic kingdoms 41
42 Greek Coinage

(276).He had defeated invading Celts in battle, and his subse-

quent coinage preserves allusions to the aid received in that battle
from the god Pan: for example, a head of the god is shown at the
centre of a round Macedonian shield on obverses of tetradrachms
(plate 11, number 3). Macedon was the last of the three great
kingdoms of the Hellenistic world to settle down to a regular
dynastic succession; it was also the first to fall to the ~ o m a n s .
Philip V (221-179) repeatedly came into conflict with Rome;
although he suffered a crushing defeat at the battle of Cynos-
cephalae. (197), he continued to build up his resources (plate 11,
number 4). His policies were continued by his son Perseus
(179-168), but his defeat by the Romans at Pydna (168) brought
the Macedonian kingdom to an end (plate 11, number 5).
Seleucus, who had been commander of the hypaspists (a crack
guards' regiment), was appointed satrap of Babylon in 321 but
did not finallv establish his authoritv there until 312111. Althou~h
he lost his 1ndian territories, he addkd north Syria, ~ e s o ~ o t a m h ,
Iran and parts of Asia Minor to his kingdom, which lasted,
despite repeated losses of territory, until its remains were
conquered by the Romans under Pompey in 63. The Seleucid
kingdom embraced many different peoples and cultures, but very
little of this variety is reflected in the coinage, which is the
product of the Macedonian-Greek ruling minority.
Seleucus began by continuing Alexander's types on his
coinage, substituting his own name on reverses after he took the
royal title in 30514 (plate 12, number 1). Around this time, he
made a peace treaty with the Indian leader Chandragupta, from
whom he received a force of ele~hants.Ele~hantswere im~ortant
to the Seleucids and on the reverses of seGeral subseque& issues
of coins Athena is shown riding in a chariot drawn by four
elephants (plate 12, number 2). The design of this reverse also
incorporates an anchor, the personal badge of Seleucus. The
chief typological themes of the Seleucid dynasty were established
not by Seleucus himself but by his son Antiochus I (281-261): on
obverses a portrait of the king, on reverses Apollo, patron of the
Plate 11. COINS OF THE ANTIGONIDS
1. Demetrius Poliorcetes, silver tetradrachm. Obverse: Nike alighting on ship. Reverse:
Poseidon wielding trident. Hunter 1. 2. Demetrius Poliorcetes, silver tetradrachm.
Obverse: head of Demetrius, horned. Reverse: Poseidon standing, leaning on trident.
Hunter 4. 3. Antigonus Gonatas, silver tetradrachm. Obverse: shield, with head of Pan at
centre. Reverse: Athena Alkidemos hurling thunderbolt. Hunter 3. 4. Philip V, silver.
didrachm. Obverse: head of Philip V. Reverse: club within oak wreath. Hunter 3.
5. Perseus, silver tetradrachm. Obverse: head of Perseus. Reverse: eagle standing on
thunderbolt, within oak wreath. Hunter 5.
Coins of the Hellenistic kingdoms
 Greek Coinage
dynasty, seated on the omphalos (the 'navel-stone' in the
sanctuary of Delphi, regarded as marking the centre of the
world), and with attributes such as a bow or a lyre (plate 12,
number 3).
In the r$ign of Antiochus I1 (261-246) the simu1taneo.u~rise of
independent kingdoms in Parthia and Bactria began a process of
attrition of the Seleucid kingdom which was never subsequently
reversed. The Parthians seceded from the Seleucid empire under
the leadership of Arsaces, who reigned as king from about 238 to 1
211 and founded a dynasty which lasted for almost five centuries. 1
The pattern of Parthian coinage was derived from that of the i
Seleucids (plate 12, number 4): the regular obverse type was a
bust of the king; the regular reverse type was Arsaces seated on
the omphalos, later on a throne. The legends initially were
entirely Greek and in Greek letters: their form began fairly
simply, but became more complex with time.
An independent Bactrian kingdom was set up around 250,
when a certain Diodotus revolted from the Seleucids. In the i
absence of narrative sources of information, his coins, and those
of subsequent rulers of Bactria, are of outstanding interest both
as evidence for the history of the dynasty and as works of art in
their own right (plate 12, number 5).
At the western extremity of their realm, in Asia Minor, the
Seleucids lost territory to a dynasty based on Pergamum.
Philetaerus, son of the Macedonian Attalus, had been put in
charge there by Lysimachus, but shortly before the death of
Lysimachus in 281 he acknowledged the overlordship of Seleucus
I. Tetradrachms issued by him show on the obverse a fine head of
Seleucus I, on the reverse, the name of Philetaerus and a seated
Athena (plate 13, number 1; compare the reverse type with that
on the coin of Lysimachus, plate 10, number 6). Later rulers of
the dynasty (Attalus I, 241-197, was the first to take the title of
t
I
king) all put on their coins the head and name of Philetaerus
(plate 13, number 2).
In the face of these secessions Antiochus I11 ('the Great')
Plate 12. COINS OF SYRIA (1-3), PARTHIA (4) AND BACTRIA (5)
1. Seleucus I, silver tetradrachm. Obverse: head of Herakles. Reverse: seated Zeus.
Hunter 6. 2. Seleucus I, silver tetradrachm. Obverse: head of Zeus. Reverse: Athena
standing in chariot drawn by four horned elephants. Hunter 1. 3. Antiochus I, silver
tetradrachrn. Obverse: head of Antiochus I. Reverse: Apollo seated on ornphalos. Hunter
19. 4. Mithradates I1 (c 123-88), silver drachm. Obverse: bust of Mithradates 11. Reverse:
Arsaces seated on throne. Hunter 10. 5. Heliocles (c 150-125), silver tetradrachm.
Obverse: head of Heliocles. Reverse: standing Zeus. Hunter Cabinet, ex-Lockett
collection (sale catalogue 2752, SNG 3362).
Coins of the Hellenistic kingdoms 45
46 Greek Coinage
(223-187) tried to restore his kingdom. In the east a large-scale
campaign met with some limited successes, but in the west he
came into conflict first with Egypt, then with Rome, and by the
peace of Apamea (188) lost most of what he still had of Asia
Minor. A series of his tetradrachms shows on the obverse a
portrait of the king, on the reverse Apollo seated on the
1
omphalos (plate 13, number 3 . Antiochus IV Epiphanes, third
son of Antiochus I11 (175-164 attempted to hellenise the Jews
(the story is told in 1 Maccabees) and might have achieved the
annexation of Egypt, had not Rome intervened. An innovation in
his coinage was the addition of elaborate titles to the royal name,
illustrated on a tetradrachm with obverse portrait of the king,
reverse seated Zeus, holding Nike on his outstretched right hand
(plate 13, number 4). The reverse inscription, 'of king Antiochus,
god manifest, bearer of victory', proclaims Antiochus' achieve-
ments and pretensions: he was successful in war against Egypt
and was recognised as a god in his own lifetime. The cult of the
ruler was a feature of the Hellenistic monarchies. In Syria,
Antiochus I11 appears to have been the first king to establish a
cult of himself in his own lifetime, whereas earlier kings had been
content to deify their predecessors. A similar development took
place in Egypt, where it continued pharaonic practice.
I n the division of responsibilities after Alexander's death,
Egypt was given to Ptolemy, son of Lagus, who was related to the
royal house of Macedonia. His earliest coins retained many of the
characteristics of Alexander's coinage: types, name and weight
standard. But it was not long before Egyptian individuality began
to assert itself. The obverse type of Herakles (cf plate 10,
numbers 2-4) was replaced by a portrait of Alexander with the
ram's horn of Ammon and wearing an elephant-scalp head-dress
and aegis (attribute of Zeus) round his shoulders (plate 14,
number 1). Around 315 the reverse type of seated Zeus was
replaced by a fighting Athena in an archaic style (plate 14,
number 2): Alexander's name remains, but the symbol of an
eagle on a thunderbolt seen to the right of Athena anticipates the
reverse type of coins struck by Ptolemy in his own name after
about 305. Both this type and the portrait of Ptolemy himself on
Plate 13. COINS OF PERGAMUM (1, 2) AND SYRIA ( 3 , 4)
1. Philetaerus, silver tetradrachm. Obverse: head of Seleucus I of Syria. Reverse: seated
Athena. Hunter 4. 2. Eumenes 11, silver tetradrachm. Obverse: head of Philetaerus.
Reverse: seated Athena. Hunter 9 . 3 . Antiochus 111, silver tetradrachm. Obverse: head of
Antiochus 111. Reverse: Apollo seated on omphalos. Hunter 5. 4. Antiochus IV, silver
tetradrachm. Obverse: head of Antiochus IV. Reverse: seated Zeus holding Nike. Hunter
24.
rp-
i
1 .
i
I
I Coins of the Hellenistic kingdoms
i
48 Greek Coinage
the obverse were to persist throughout Ptolemaic coinage (plate
14, number 3). This obverse portrait illustrates well the king's
distinctively craggy features, but he wears too the aegis of Zeus, a
symbol of his divinity. One of his early gold coins has a similar
obverse portrait head, but here the reverse shows Alexander the
Great, wearing the aegis and holding a thunderbolt (attributes of
Zeus), in a chariot drawn by four elephants (plate 14, number 4).
On bronze coins the combination of obverse head of Zeus and
reverse eagle on thunderbolt was to set a pattern for much of the
later Ptolemaic bronze coinage (plate 14, number 5).
Ptolemy's innovations in his coinage were not confined to the
types. Alone among the successors of Alexander he abandoned
the Attic weight standard and struck coins on a standard lighter
than those used in the other kingdoms (the standard he finally
adopted, often referred to as 'Phoenician', was used at Cyrene).
Whatever the purpose of this change, its effect was to reinforce
the economic isolation of Egypt. Ptolemaic coins are rarely found
outside the lands subject to Ptolemaic rule, unless in association
with specific military or political events: for example coins of
Ptolemy I1 found in Attica reflect the presence of Ptolemaic
troops there at the time of the Chremonidean War (c 267-262).
Within Egypt and certain other areas, such as Cyprus, in the
hands of the Ptolemies from about 295, the coins of the Ptolemies
held a monopoly. Documentary evidence from the reign of
Ptolemy I1 (283-246) gives an insight into the working of this
policy. A certain Demetrius, probably in charge of the mint at
Alexandria, in a letter to Apollonius, the chief financial official of
Ptolemy 11, refers to the regulation by which foreign traders were
compelled to change their money when they came to Egypt,
receiving it back in the form of new Ptolemaic coins. The letter
complains about a disruption in the procedure, on which the
Ptolemies relied heavily for the acquisition of supplies of precious
metals.
A remarkable feature of Ptolemaic coinage, at least down to
the time of Ptolemy V Epiphanes (204-180), is the number and
Plate 14. COINS OF THE PTOLEMIES (1)
1. Ptolemy I, silver drachm. Obverse: head of Alexander the Great. Reverse: Athena
Promachos. Hunter 1. 2. Ptolemy I, silver tetradrachm. Obverse: head of Alexander the
Great. Reverse: Athena Promachos. Hunter 5.3. Ptolemy I, silver tetradrachm. Obverse:
head of Ptolemy I. Reverse: eagle standing on thunderbolt. Hunter 21. 4. Ptolemy I, gold
stater. Obverse: head of Ptolemy I. Reverse: Alexander the Great standing in chariot
drawn by four elephants. Hunter 3. 5. Ptolemy I, bronze. Obverse: head of Zeus.
Reverse: eagle standing on thunderbolt. Hunter 22. 6. Ptolemy 11, gold octodrachm.
Obverse: head of Arsinoe 11. Reverse: double cornucopiae. Hunter 11.
Coins of the Hellenistic kingdoms
50 Greek Coinage
quality of gold pieces, frequently with portraits of the kings and
- members of the royal family. Ptolemy I1 Philadelphus (283-246)
deified both himself and his sister-wife, Arsinoe 11, who is
portrayed on the obverse of a gold octodrachm with various
divine attributes: stephane and veil, sceptre (over her left
shoulder; its top is seen above her head), and small horn of
Ammon. The reverse shows two cornucopiae (horns of plenty)
filled with fruits (plate 14, number 6). Portrait heads of no less
than four members of the dynasty appear on gold octodrachms
from the reign of Ptolemy 111 Euergetes (246-222) (plate 15,
number 1). On the obverse, identified by the inscription 'of
brother and sister', are busts of Ptolemy I1 and Arsinoe 11, while
on the reverse, with the inscription 'of the gods', are busts of
Ptolemy I and of his wife, Berenike I. Ptolemy I11 himself
appears on obverses of octodrachms struck in the reign of his son
and successor, Ptolemy IV Philipator (222-204) (plate 15, number
2): his divine attributes include the aegis of Zeus about his
shoulders, the rays of Helios, the sun god, and the trident of
Poseidon. Philopator appears plain by comparison (plate 15,
number 3), while his wife, Arsinoe 111, has attributes of divinity,
P
such as the sceptre ( late 15, number 4), already seen in the
portrait of Arsinoe I1 plate 14, number 6). Their son, Ptolemy V
Epiphanes, succeeded to the throne while still a child. The
ceremony of his coronation, delayed until 196, was celebrated in
the famous trilingual inscription, the Rosetta stone, whose
discovery made possible the decipherment of Egy tian hierog-
R
lyphs. The youthful portrait of the king reminds us t at he died in
his twenty-ninth year, of poison (plate 15, number 5). After
Ptolemy V portraits of Egyptian rulers become rarer, the coinage
in general rather stereotyped. It is all the more remarkable, then,
that the coinage of the last and most famous representative of the
dynasty, Cleopatra VII (51-30), produces a portrait of outstand-
ing vividness and realism (plate 15, number 6).

Plate 15. COINS O F THE PTOLEMIES (2)

1. Ptolemy 111, gold octodrachm. Obverse: busts of Ptolemy I1 and Arsinoe 11. Reverse:
busts of Ptolemy I and Berenike I. Hunter, Ptolemy 11, 38. 2. Ptolemy IV, gold
octodrachm. Obverse: bust of Ptolemy 111. Reverse: cornucopiae. Hunter 25. 3. Ptolemy
IV, gold octodrachm. Obverse: bust of Ptolemy IV. Reverse: eagle standing on
thunderbolt. Hunter 27. 4. Ptolemy IV, gold octodrachm. Obverse: bust of Arsinoe 111.
Reverse: cornucopiae. Hunter 21. 5. Ptolemy V, gold octodrachm. Obverse: bust of
Ptolemy V. Reverse: eagle standing on thunderbolt. Hunter 19.6. Cleopatra VII, bronze.
Obverse: bust of Cleopatra VII. Reverse: eagle standing on thunderbolt. Hunter 14.
 Museums
The following British museums house collections of Greek coins;
reference is given to a catalogue or to the relevant volume of the
Sylloge Nummorum Graecorum (SNG), where available. Access
to the collections may be arranged with. the relevant museum
department but is normally restricted to those seeking specific
information.
Ashmolean Museum (Heberden Coin Room), Beaumont Street,
Oxford. Telephone: Oxford (0865) 512651. (SNG, volume V.)
British Museum, Great Russell Street, London WC1. Telephone:
01-636 155518. (British Museum Catalogue of Greek Coins, 29
volumes, various authors.)
Fitzwilliam Museum, Trumpington Street, Cambridge. Tele-
phone: Cambridge (0223) 69501. (SNG, volume IV, Leake and
General Collections; VI, part 1, Lewis Collection; S. W.
Grose, Catalogue of the McClean Collection of Greek Coins,
1923.)
Hunterian Museum, The University, Glasgow 12. Telephone:
041-339 8855. (Sir George MacDonald, Catalogue of Greek
Coins in the Hunterian Collection, 3 volumes, 1899-1905.)
Manchester Museum, The University, Oxford Road, Manches-
ter. Telephone: 061-273 3333.
Marischal College, Broad Street, Aberdeen. (SNG, volume 1.)
Royal Scottish Museum, Chambers Street, Edinburgh. Tele-
phone: 031-225 7534. (N. K. Rutter, A Catalogue of the
Ancient Greek Coins in the Collections of the Royal Scottish
Museum, Edinburgh, HMSO , 1979.)

I
Museums in other countries
Berlin State Museums (Staatliche Museen zu Berlin), Bodestras- I
se 1-3, 102 Berlin, German Democratic Republic. !
Cabinet of Coins (Cabinet des MBdailles), Bibliothbque I
I

Nationale, 59 rue de Richelieu, 75001 Paris, France.

Museum of Fine Arts, 479 Huntington Avenue, Boston, Mas- !I
sachusetts 02115, USA. (Catalogue, A. Baldwin Brett, 1955.)
Museum o f the American Numismatic Society, Broadway and
155th Street, New York, New York 10032. (SNG volumes.)
1I
Museums 53
Museum of the History of Art: Coin, Medal and Currency
Collection (Bundessamlung von Medaillen, Munzen und Geld-
zeichen), Burgring 5, 1010 Vienna 1, Austria.
National Archaeological Museum (Museo Nazionale), Foro
Italico, Piazza del Duomo 14, Syracuse, Sicily, Italy.
National Archaeological Museum (Museo Nazionale), Piazza
Museo , Naples,, Italy.
National Museum (Nationalmuseet), Frederiksholms Kana1 12,
1220 Copenhagen K, Denmark (SNG volumes.)
State Collection of Coins (Staatliche Munzsammlung) , Residenz-
strasse 1, Munich, German Federal Republic. (SNG Deutsch-
land volumes .)
 Further reading
The only complete handbook of Greek coinage is B. V. Head,
Historia Numorum (second edition, 1911). C. Seltman, Greek
Coins (second edition, 1955) was for many years the standard
account of the origins and development of coinage in the Greek
world. For the archaic and classical periods it is now replaced by
C. M. Kraay, Archaic and Classical Greek Coins (1976).
Excellent surveys of Greek coinage, with fine illustrations, can be
found in Max Hirmer and C. M. Kraay, Greek Coins (1966; now
out of print), and G. K. Jenkins, Ancient Greek Coins (1972).
For further discussion and illustration of coinages mentioned in
this book see, for chapter 4, G. K. Jenkins, Coins of Greek Sicily,
British Museum Publications Ltd (second edition 1976); for
chapter 5, C. M. Kraay, Coins of Ancient Athens, Minerva
i
Numismatic handbooks number 2 Newcastle upon Tyne, 1968);
for chapter 6, M. J. Price, Coins o the Macedonians (1974), and
Ian Carradice, Ancient Greek Portrait Coins (1978), both
published by British Museum Publications Ltd. The series of
royal portraits on coins of the successors of Alexander are well
illustrated (with commentary) in N. Davis and C. M. Kraay, The
Hellenistic Kingdoms: Portrait Coins and History (1973).
 Index of types
References are to the plates not page numbers: e.g. 2.7 refers to plate 2 number 7.
Achaean monogram 2.7 Heliocles (Bactria), head of 12.5
Alexander I11 (Macedon), head of Hen 6.3
10.6, 14.1-2 Hera, head of 2.2, 3.6
A l e x a n d e r 111 ( M a c e d o n ) , in Herakles, fighting lion 4.3
elephant-chariot 14.4 Herakles, head of 9.5, 9.7, 10.2-4,
Antiochus I (S ria), head of 12.3 12.1

Ii
Antiochus I11 Syria , head of 13.3 Hermes, head of 2.1
Antiochus IV Syria , head of 13.4 Horseman 3.5-6, 9.1-3, 9.6
Apollo, head of 5.4, 5.5, 9.3-4, 9.6 Horse's head and palm tree 7.2
Apollo, seated on ornphalos 12.3,13.3 Lion, head of 5.4
Arethusa, head of 6.4-7, 7.1-2 Lion and bull, foreparts of 1.2
Arsaces (Parthia), seated on throne Lion leaping on stag 4.4
12.4 Macedonian shield 11.3
Arsinoe I1 (Egypt), head of 14.6 Mithradates I1 (Parthia), bust of 12.4
Arsinoe 111 (Egypt), bust of 15.4 Mule car 5.3
Athena, head of 4.2-6, 8.1-10, 10.1, Nike Victory , on prow 11.1
10.5
Athena, in elephant-chariot 12.2
[ 1
Nike Victory , standing 10.1, 10.5
Olive leaves, three 8.8
Athena, seated 10.6, 13.1-2 Owl 8.1-4, 8.6-7, 8.9-10
Athena Alkidemos 11.3 Owls, two 8.5
Athena Promachos 14.1-2 Parthenope, head of 4.7
Barley, ear of 2.4, 4.1-2 Pegasus 1.5, 2.3
Biga 9.4 Pellets 7.4-5
Bow and club 9.5 Perseus (Macedon), head of 11.5
Bull, forepart of man-faced 5.6 Philetaerus (Pergamum), head of 13.2
Bull, man-faced 4.5-7 Philip V (Macedon), head of 11.4
Bull, standing 3.1-2 Poseidon, standing 11.2
Caducei, two 4.8 Poseidon, wielding trident 3.3, 11.1
Celery, leaf of 2.5 Ptolemy I (Egypt), head of 14.3-4
Cleopatra VII (Egypt), bust of 15.6 Ptolemy I and Berenike I (Egypt),
Club 9.7, 11.4 busts of 15.1
Club, bow and quiver 10.4 Ptolemy I1 and Arsinoe I1 (Egypt),
Cock 6.2-3 busts of 15.1
Ptolemy 111 Egypt , bust of 15.2
Cornucopiae 15.2, 15.4
Cornucopiae, double 14.6
Crab 6.1-2
( 1
Ptolemy IV Egypt , bust of 15.3
Ptolemy V (Egypt), bust of 15.5
Cuttlefish 7.3 Quadriga 5.5-6, 6.4-7, 7.1
Demeter, head of 4.1 Rose 2.6
Demetrius Poliorcetes, head of 11.2 Seleucus I (Syria , head of 13.1
Dionysus, head of 5.1
Dolphin 5.2 Sphinx 1.3
b
Silphium plant 1 .7
Dolphin-rider 3.4-5 Turtle 1..4
Eagle 6.1 Wheel 2.4
Eagle, standing on thunderbolt 11.5, Zeus, head of 9.1-2, 12.2, 14.5
14.3, 14.5, 15.3, 15.5-6 .Zeus, seated 10.2-3, 12.1, 13.4
Gorgon's head 4.8, 7.4-5 Zeus, standing 12.5
Grapes, bunch of 5.1 Zeus Ammon 10.7
Hare 5.3
 General index
Incuse coins 18
Achaean League 16
Aigina 10, 13 Katane 26
Ainos 15 Kroton 18
Akragas 28 Kyme 22
Alexander I11 (Macedon) 13, 16, 36-8 Kyzikos 10
Anaxilas 26 Laurion 13, 31
Antigonus Gonatas 40-2 Leontinoi 26
Antigonus Monophthalmus 38-40 Lydia 9
Antiochus I (Syria) 42 Lysimachus 40
Antiochus I1 (Syria) 44 Macedonia 36
I 1
Antiochus I11 Syria 44-6
'

Antiochus IV Syria 46
Arsaces (Parthia) 44
Mercenaries 12, 28
Metals, weighed 8
Metapontion 15, 20
Arsinoe I1 (Egypt) 50 Naxos 24
Arsinoe I11 (Egypt) 50 Neapolis (Naples) 22
Athens 13, 31ff Nola 22
6
Attalus I Pergamum) 44
Attic stan ard 14, 20, 31,
37, 38, 48
Obverse 15
Parthenon 35
Parthians 44
Bactria 44 Peloponnesian War 34
Bronze coinage 13, 30, 32, 38
Campania 22
Carthaginians 18, 28
Chalcidic League 36, 37
Chios 10 Phoenicians 12
Cleopatra VII (Egypt) 50 Phokaia 22
Corinth 10, 15, 31 Populonia 24
Crete 13 Portraits 36
Croesus 10 Poseidonia 18
Cyprus 40, 48
Cyrene 40, 48
Delian League 34
Demetrius Poliorcetes 40
Dies 14-15
Diodotus (Bactria) 44 Reverse 15
Elea 22 Rhegion 26
Electrum 9 Rhodes 16
Elis 15 Rosetta stone 50
Engravers 14 Seleucus I (Syria) 42
Ephesos 10 Selinous 15
Erechtheum 35 State service 34-5
Etruscans 18, 24 Striking of coins 14-15
Euainetos 14, 28 Sybaris 18 '

Exergue 28 Syracuse 28
Gela 26-8 Taras 19
Gold coinage 13, 20, 32, 37, 38, 50 Theron of Akragas 28
Herakleia 20 Thourioi 20
Herakleidas 14, 26 Types 15-16
Himera 28 Weight standards 13-14, 19
Hyrians 22 Zankle (Messana) 26