Thursday, 10 August 2017

Second Known Gold Magnesia Stater

Heritage Ancient Coins upcoming Long Beach Auction features one of two known gold staters from Magnesia. This is a completely unrecorded denomination and type for this city. Magnesia ad Meandrum was founded on the banks of the Lecathus, a tributary of the Meander river, in south-western Ionia circa the mid-700s BC.

Artemis graces the obverse, with reverse depiction of Nike driving a biga (a two-horse chariot). The coin is circa 155-145 BCE and graded NGC Choice AU 5/5 - 4/5. Estimate: $30,000 - $40,000.