CALABRIA, Tarentum. Circa 280 BC. AR Nomos (21.5mm, 7.78 g, 12h). Nude youth, holding rein in left hand and, with right, crowning horse he rides right; ΣA to left, APE/ΘΩN in two lines below / Phalanthos, nude, holding tripod in extended right hand, supporting himself with his left, riding dolphin left; TAPAΣ to right, CAΣ below. Vlasto 666–7; HN Italy 957; SNG ANS 1046–50; Dewing 168; Gulbenkian 39. Lightly toned, underlying luster, a little die wear on obverse, light graffito in field on reverse. Near EF. Well centered.
The city of Tarentum was founded in the late 8th century BC by Spartan colonists on the north coast of the gulf of the same name, on a rocky islet at the entrance to the only secure harbor. It was Sparta's only colony and maintained close relations with the mother city. The official founder of the city was believed to be the Spartan leader Phalanthos. Ancient tradition, however, tells how Taras, the son of Poseidon and a local nymph, Satyra, was miraculously saved from a shipwreck by his father, who sent a dolphin on whose back he was carried to shore, at which spot he founded the city.
Blessed with fertile land, Tarentum became famous for olives and sheep. It possessed a fine harbor, great fisheries and profitable exports of wool, purple, and pottery. It adopted a democratic form of government circa 475 BC, and thereafter became the leading Greek city in southern Italy. Its success led to continual difficulties with its neighbor cities, though, and on four occasions Tarentum required expeditions from Greece to help overcome its aggressors. The last of these expeditions was led by the famed Epeirote, Pyrrhos. Following his withdrawal from the city, Tarentum was occupied by the Romans.
It was not until late in the 6th century that Tarentum felt the need to produce coinage. It did so by copying the broad, thin fabric with incuse reverse type already in use by Metapontum, Sybaris, Poseidonia, Kaulonia, and Kroton. Tarentum quickly grew in power and wealth. As with many cities that began coinage at the time, the types depicted relate to the city's foundation, both in its historical and mythological forms. Taras’ prosperity is exemplified by its vast coinage, which was continuous from circa 510 BC until the end of the Second Punic War.