CNG 111, Lot: 91. Estimate $500. Sold for $1500. This amount does not include the buyer’s fee.

KINGS of THRACE, Macedonian. Lysimachos. 305-281 BC. AR Drachm (19mm, 4.35 g, 1h). Ephesos mint. Struck circa 294-287 BC. Diademed head of the deified Alexander right, with horn of Ammon / Athena Nikephoros seated left, left arm resting on shield, transverse spear in background; tripod to inner left, ΣII in exergue. Thompson 170 var. (control in exergue); Müller 335 var. (nothing in exergue); HTC 3, 1753d; CNG E-351, lot 66 corr. (exergue control; same dies); M&M AG FPL 220, no. 14 (same dies). EF, toned, underlying luster. Very rare variety.

This example has the clearest exergue control of the published specimens, which shows that the first letter is a sigma rather than a zeta, as had been previously thought.