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Research Coins: Affiliated Auction

Sale: Nomos 3 & 4, Lot: 70. Estimate CHF3500. 
Closing Date: Monday, 9 May 2011. 
Sold For CHF5000. This amount does not include the buyer’s fee.

KINGS of MACEDON. Alexander III ‘the Great’. 336-323 BC. Stater (Gold, 8.35 g 12), Kallatis, Circa 250-225. Helmeted head of Athena to right. Rev. ΑΛΕΞΑΝΔΡΟΥ Nike standing to left, holding olive wreath in her right hand and stylis with triangular sail in her left; to left, Κ; below left, monogram of ΑΤΥ. Price 902 var. A brilliant piece, perfectly preserved. Some very minor doubling on the reverse, otherwise, virtually as struck.

From a Swiss private collection..

It is believed that the stater coinage of Kallatis was primarily produced for payments to the Gauls - thus the vast majority of the city’s gold coins were probably melted down to make Celtic staters and fractions from the later 3rd century on.