Ancient Gold Coins

Lot 3232    Session 11 (9.30am Thursday)    Ancient Gold Coins

Estimate $2,200
Bid at live.noble.com.au
SOLD $2,900

SICILY, Syracuse, Time of Agathokles, (317-289 B.C.), electrum fifty (50) litrai, (3.640 grams), obv. laureate head of Apollo left with long flowing hair, altar behind, all within dotted border, rev. **[SUR]AK OSION around, tripod lebes with legs ending in lion's feet, (S.957 [£400], Jenkins 'Electrum Coinage of Syracuse' Essays Robinson, p.156 (Pl.14, obv. die 6, rev. die 4, same dies), BMC 255 (same obverse die), SNG ANS 622 (same obverse die). Attractive light tone, nearly extremely fine, rare.

Ex Noble Numismatics Sale 70 (lot 3065). An important issue struck during the Carthaginian War c.310-306 B.C. Jenkins notes that only one obverse die was used for this symbol and four reverse dies these with some muling with other obverse dies utilising other symbols. The financing of Agathokles' war with the Carthaginians was provided by a series of three electrum denominations, 50, 25 and 10 litrai. Only the 50 litrai was produced in enough quantity to actually play a significant role in the war's financial operations. The gold content of the 50 litrai varies from 70% for the first issue to 30% for the later issues (examples of this die averaged 50%). This probably reflects a lack of booty from the campaign needed to provide the necessary bullion to finance the expedition. The choice of Apollo/tripod type proclaims Agathokles' devotion to his patron god.