Struck Under Peithon

Sale: CNG 78, Lot: 418. Estimate $500.  Closing Date: Wednesday, 14 May 2008.  Sold For $635. This amount does not include the buyer’s fee.

KINGS of MACEDON. Alexander III ‘the Great’. 336-323 BC. AR Tetradrachm (16.98 g, 11h). Babylon mint. Struck under Peithon, circa 315-311 BC. Head of Herakles right, wearing lion skin / Zeus Aëtophoros seated left; monogram in wreath in left field, monogram in circle below throne. Price 3734 var. (no pellet within P of left field monogram). EF, lightly toned.

From Collection C.P.A. Ex Classical Numismatic Group 66 (19 May 2004), lot 253.

In 315 BC, Antigonos I Monophthalmos forced Seleukos I to flee from his satrapy in Babylon, and replaced him with Peithon, a Macedonian who had served under Alexander III as satrap of southern India.