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Research Coins: Affiliated Auction

Sale: Nomos 3 & 4, Lot: 128. Estimate CHF2750. 
Closing Date: Monday, 9 May 2011. 
Sold For CHF3600. This amount does not include the buyer’s fee.

ASIA MINOR, Phokaia . C. 625/20-520. One twenty-fourth stater (Electrum, 0.63 g). Head of a griffin to right with open jaws Rev. Quadripartite incuse square. Bodenstedt 1. Very rare, well centered, bold and attractive. Good extremely fine.

From the APCW collection, USA..

When coinage first began to be struck in electrum its issuers almost immediately produced coins of all sizes in order to facilitate its use in as many situations as possible. While a stater weighing over 16 g could only be useful for major purchases, very small denominations, like this one weighing only 0.63 g, would be fine for relatively small acquisitions (though it was still rather valuable - only when silver of the same or lower sizes began to be issued could really small purchases be made with coins).