Exceptional Double Daric

Triton XVIII, Lot: 771. Estimate $30000. Sold for $40000. This amount does not include the buyer’s fee.

PERSIA, Alexandrine Empire. temp. Stamenes – Seleukos. Satraps of Babylon, circa 328-311 BC. AV Double Daric (17mm, 16.63 g). Persian king or hero, wearing kidaris and kandys, quiver over shoulder, in kneeling-running stance right, holding spear in right hand, bow in left; to left, Φ above Λ / Patterned incuse punch. Nicolet-Pierre 7 (same obv. die as illustration); BMC 3 (same obv. die); Dewing 2676; Traité II 761 = de Luynes 2817. Near EF, lustrous. Exceptional.

Nicolet-Pierre notes that the letters on the obverse are in monogram form, but some examples, as this one, clearly have a separation between the letters.