Gold Persian coin of Mithradatic war highlights Classical Numismatic Group May 14 auction

Circa September to October 74 B.C. coin hammers for triple its estimate
By , Coin World
Published : 06/02/14
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A circa September to October 74 B.C. gold stater issued by a Persian king realized a $30,000 hammer price, three times its estimate, in Classical Numismatic Group’s Auction No. 96.

The auction closed May 14. The buyer’s fee ranges from 17.5 to 20 percent, depending on bidding method.

The coin, issued by King of Pontos, Mithradates VI Eupator, and struck at the Pergamon Mint, is one of two examples known of the ruler's last stater issue. The coin was likely issued during preparations for the Third Mithradatic War, which pitted the Persian king against Rome after the establishment of a new Roman province of Bithynia (located along the Black Sea in modern Turkey) when Nikomedes IV of Bithynia died and bequeathed his kingdom to Rome. 

“Mithradates, of course, had desired the kingdom and bristled at the thought of having his enemy, Rome, form a new province on his border,” according to the catalog.

The coin is graded Very Fine, according to the catalog, with scattered light marks and abrasions.

It shows a diademed head facing right on the obverse, and a stag grazing on the reverse.

The auction realized a total hammer price of $2,503,766, and 95 percent of lots were sold. 

For full details of the sale, visit the firm’s website.

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