Triton XVII, Lot: 184. Estimate $500. Sold for $1000. This amount does not include the buyer’s fee.

KINGS of MACEDON. Perseus. 179-168 BC. AR Drachm (16mm, 2.64 g, 9h). Third Macedonian War issue. Rhodian standard. Uncertain mint in Thessaly; Gorgos, magistrate. Struck circa 171/0 BC. Head of Helios facing slightly right / Rose with bud to right; ΓOP[ΓOΣ] above, grape bunch to lower left. Ashton, Pseudo 24-5 var. (A16/ - [unlisted rev. die]); SNG Delepierre 2769. EF, lightly toned, minor edge flaw on reverse. Fine style for issue, with virtually none of the usual wear to the nose of Helio. Rare.

Ex Classical Numismatic Group Electronic Auction 286 (5 September 2012), lot 50.

In his 1988 article on Rhodian imitations, R. Ashton has argued persuasively that this coinage was struck by Perseus to pay Cretan mercenaries serving in his army (see “A Series of Pseudo-Rhodian Drachms from Mainland Greece,” NC 1988, pp. 29-30). The Rhodian coinage circulated on Crete, where it was a familiar and trusted currency for the Cretans, and it is likely that they would have required payment in that form (see also R. Ashton, SM 146 [May 1987], p. 34).