328, Lot: 479. Estimate $200. Sold for $700. This amount does not include the buyer’s fee.

The Triumvirs. Octavian. Autumn 32-summer 31 BC. AR Denarius (20mm, 3.65 g, 9h). Italian (Rome?) mint. Bare head of Octavian right / Mercury or Apollo seated right on rock, playing lyre; petasus slung on his back. CRI 401; RIC I 257; RSC 61. VF, toned, deposits on obverse, scratch down neck.

From the Archer M. Huntington Collection, ANS 1001.1.12827.

Prideaux (see Triton XIII, lot 642) takes exception to the usual interpretation of this reverse. First, this male figure cannot be Mercury, as the lyre would have been depicted as the one he invented – with a tortoise shell. In addition, he should be wearing either his winged petasus or his winged sandals, or would have a caduceus nearby. These symbols were canonical and easy to engrave. Second, the object described by many as a petasus could be a shield seen at a 3/4 angle (cf. RIC I 250 where the shield is leaning against a column). On some specimens of this type, it is possible to see that the object is decorated. Warriors used to carry shields slung on their back after the battle, which for this issue would have implied Actium.

The lyre is the key: as it is not one with a tortoise shell, it is therefore a standard variety. This type of lyre is commonly depicted on coins with Apollo, who must be the deity depicted here, with his shield put aside and playing the lyre on Actium’s rock. This type matches perfectly all the other types of its group (RIC I 250-263): Octavian (the winner), Venus (for Caesar), Apollo (for Actium), Neptune (for the naval victory), Victory, Triumph, and Pax. That was a well balanced propaganda program! This theory would require a down-dating for some of these issues to just after Actium, rather than just before.