Extremely Rare Obverse Monogram

CNG 108, Lot: 73. Estimate $300. Sold for $800. This amount does not include the buyer’s fee.

KINGS of MACEDON. Alexander III ‘the Great’. 336-323 BC. AR Drachm (16mm, 4.33 g, 12h). Sardes mint. Struck under Menander, circa 324/3 BC. Head of Herakles right, wearing lion skin; monogram behind neck / Zeus Aëtophoros seated left; rose below throne. Price 2571 var. (no monogram on obv.); Arena 19 (same dies); cf. ADM I Series X; Triton XIII, 1109 (same dies). EF, underlying luster. Extremely rare, only one in CoinArchives, one in the BM (cited by Arena).