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Research Coins: Affiliated Auction

Sale: Nomos 3 & 4, Lot: 1034. Estimate CHF300. 
Closing Date: Monday, 9 May 2011. 
Sold For CHF2000. This amount does not include the buyer’s fee.

THESSALY, Demetrias. Circa 290 BC. Hemidrachm (Silver, 2.38 g 4). ΔΗΜΗ / ΤΡΙΕΩΝ Prow of galley to left. Rev. Bust of Artemis to right, with quiver over her left shoulder; below, mongram of ΙΣ. BMFA 872 (same dies). McClean 4567. Rare. Lightly toned. Very fine.

The coinage of Demetrias was a limited one consisting of hemidrachms and a few extremely rare bronzes. All the silver was probably struck in two issues, the second more extensive than the first. We have coins like the present one, which has a bust of Artemis with a monogram below on the reverse, and coming later what seems to be a much larger group, which has a prow facing right on the reverse and the same monogram below(Artemis has moved to the obverse). These coins must have been used throughout the 3rd century, and probably on into at least the 2nd, since they are usually found worn, any example that is both well struck and in better than VF being exceptional.