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Research Coins: Affiliated Auction

Sale: Nomos 8, Lot: 159. Estimate CHF7500. 
Closing Date: Monday, 21 October 2013. 
Sold For CHF18000. This amount does not include the buyer’s fee.

CYCLADES, Naxos. Circa 520/15-490 BC. Stater (Silver, 20x22mm, 12.30 g). Kantharos with ivy leaf above and bunch of grapes hanging from each handle. Rev. Quadripartite incuse square. Nicolet-Pierre, Naxos I 38b (this coin). Sheedy 31b, O19/R29 (this coin. Rare. A very nicely struck example, attractively toned. Extremely fine.

From an American Collection, ex Peus 400, 20 April 2010, 113, Leu 48, 10 May 1989, 202 and Leu 28, 5 May 1981, 119.

The coinage of Naxos was the most important of all the islands of the Cyclades, and testifies to the island’s great wealth. The type alludes to the importance of the wine industry to the island’s economy. The Persian sack of 490 put an end to the archaic coinage as well as destroying much of the island’s prosperity.