Vol. 22, No. 1, tanua Visit www.TomCederlind.com ...

SYRACUSE. c. 404-400 Be. Silver D ekadrachm, unsigned dies by Kimon .

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www.TomCederlind.com/[email protected] Vol. 22, No. 1 Inside The Celato1""" ... January 2008 Consecutive Issue No. 247 ncorporaling Roman Coin/alld Culture FEATURES PublisherlEditor Kerry K. Wctterstrom [email protected] 6 Valuing the Numismatic Legacy of Alexander the Great Associate Editors by J. Edward Taylor Robert L. Black Michael R. Mehalick 28 A Numismatic Lexicon Page 6 by Richard Plant For Back hsues From 30 A Quest for Provenance 1987 to May 1999 contact: Wayne Sayles by Paul Anderson [email protected]

Art: Parnell Nelson DEPARTMENTS

2 Editor's Note - Coming Next Month ~aps & Graphic Art: Page 28 Kenny Grady 4 Letters to the Editor 32 People in the News P.O. Box 10607 Lancaster, PA 17605 iOrofilts in jIlumismalics TeVFax: 717-656-8557 For FedEx & UPS deliveries: 33 People in the News Kerry K. Wetlerstrom 87 Apricot Ave 36 Coming Events leola, PA 17540-1788 38 Caesar Augustus Busted! www.celator.com by Ray Williams TIle Celator (ISSN 111048·0986) is an independent journal pub· 40 CEI./TIC NEWS by Chris Rudd Page 30 lished on the first day of each monlh at 87 Apricot Ave, Leola. PA 17540-1788.11 is circulated in­ 41 ANTIQ\JITl ES byOavidUebert ternationally through subscrip­ About the cover: The tions and special distributions. 42 ([oills of tue JBible by David Hendin Subscription rates. payable in obverse of an Alexander U.S funds. are $30 per year (Pe­ 44 The Internet Connection III tetradrachm, lifetime riodical rate) within the United issue minted at Tarsos States: $36 to Canada; $60 per by Kevin Barry & Zachary "Beast" Beasley circa 327-323 BC. Pho­ year to allolherado'resses (ISAL). Advertising and copy deadline is to courtesy of Paul tl1e first workday of each month. 45

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January 2008 3 alogers when trying to describe each ite, gun metal, opaque, pale gray, pearl­ lot without becoming redundant. gray, slate. I have attached a coin cataloger's Green: apple green, faint green, thesaurus th?t I developed for my own lime, Nile, sea green. YetteF'j use when describing auction and fixed Magenta: brick red , burnt red, cher­ price lots Feel free to publish it or ry, crimson, deep russet, faded red, fire share it in any way you wish (Editor: red , mint color, mint red, pale russet, see belaw far Rich's thesaurus). Per­ russet, rust. haps it can help others avoid not only Red: brown , cherry, crimson, cinna­ "excessive rarity" but many other repet­ mon, fire, mauve, orange, rose, russet, More Comments on itive terms as well. sunset red, wine. See you at the NYINC! Yellow: see gold. "Excessively Rare" Richard Giedroyc Sidney, Ohia Co lor enhancement terms "Excessively rare" perhaps should Alloy spots, bright, bold, brilliant, be eliminated from our bag of numis­ Auction Catalog cartwheel luster, cheery, chrome-like, matic words and phrases for all the rea­ Description Thesaurus clear as crystal, cloaks, collage, color, sons stated in your November 2007 By Richard Giedroyc colorful, contrasting, dazzling, delicate "Editor's Note." Could it be, however, fields, discoloration, drenched, equal­ thai its inc lusion in coin descriptions is ~ ly distributed, exhibits, faded, faint, difficult if not impossible to re sist from Stark contrast between the fields flash, frames, fresh , frosty, full flaming, lime to time, because some of our lead­ and devices; profound depth of mir­ full mint frost, full mint bloom, gem, glit­ ing authorities and most gifted authors rored reflectivity in the fields sets up a tering, glowing, gushing, halo, icy mint make use of the phrase? For instance, 'black' background against the heavily frost, illuminating, irregular, iridescent, I note that on page 8 of The History frosted devices; the white frosted de­ lackluster, loud, lustrous, mellow, milky and Coinage of the Roman Imperators vices seem to float above the deep, gray, mint bloom , mint luster, minty, 49-27 BG, David R. Sear calls Craw­ watery proof fields; crystal fields monochromatiC, muted, neon, pale, ford 402, a Pompeian au reus, "exces­ against which are set heavy frosted patina, peals, pretty, pristine, psyche­ sively rare. H What are we mere mor­ devices; mother-ol-pearl ; silhouette; delic. refreshing, reflective, remark­ tals to do? chalky devices/elements. able, resplendent, robust, satiny, sea Wes Baden of glass, sheen, shrouds, silhouettes, Vernal, Utah silky, silvery, salt mint luster, sparkling, "Excessively rare" is a malapropism. =Blue : azure-blue , bluish, cobalt- shimmering, shocking, target toning, tex­ (Mrs. Malaprop, a character in an 18'1> blue, electric blu e, gun metal blue, ice ture, toning, underlying, untoned, varie­ century play, is famous for her garbled blue, lavender, lilac, neon blue, royal gated, vibrant, warm, watery, white. English.) The correct term is "exceed­ blue, total blue. ingly rare." Wayne Sayles uses "ex­ Brown: chestnut, chocolate, cocoa General enhancement terms ceedin gly" appropriately in his column brown, coffee, hot fudge, ochre, shoe Ascetically pleasing, as struck, at· on page 45. polish, walnut. tractive, beautiful, blemish free, blister­ Stanley Palombo Gold: amber, antique gold, apricot, ing bold, celebrated, challenging, clas­ Maryland bronze, burnt yellow, canary yellow, sic, clear of distractions, cloaks, com­ charcoal [do not use 'black'], cham­ pelling, compensates, continuous, con­ I found your November "Editor's pagne, coppery gold, goldenrod, gray, trasting, dazzling, delicate fields, de­ Note" regarding the term "excessive harvest gold, honey, lemon-gold, lemon­ lightful, desirable, dramatic, dynamiC, rarity" interesting. Having assisted in yellow, light gold, olive, pale gold, straw elegant, elusive, emblazoned, enchant­ writing auction catalogs and fixed price gold, sunburst, tan, tawny, umber. ing, enriched, exciting, exalted, excep lists for several numismatic firms, I can Gray: battleship gray, charcoal, appreciate the problems faced by cat- deep gray, ebony, golden-gray, graph- Please tum to page 43 .

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January 2008 5 VALUING THE NUMISMATIC LEGACY OF ALEXANDER THE GREAT

types at new mints. III al l, about 114 sic Alexandcr coin type can vary by a by J. Edward Taylor* different mints produced Alexander factor of 40 or more. coins over a period of 250 years, in ­ These large price disparities tell us Recognizing the economic and po­ cluding many imitative issues. The last that people do not demand ancient "Alex anders" were minted at Mesem­ litical importance of having a uniform coins; they demand coins with partic­ coinage, Alexander III ("The Great") bria (Thr

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January 2008 7 Faulkner (2004) 10 compare the pric­ by the supply and demand of a com­ porous coin surface. or test cut) detract es of Elagabalus imperial coins sold plex :m ay of housing characteristics. from the value of a coin? NOI uncom­ by major auct ion houses and on c- Bay. A Golden Gate Bri dge view can add monl y. combina tions of characterist ics David Ch iszar. et al. (2004) and hundreds oflhousands of dollars 10 the mu st bc consi dered, fo r example. a Ch iszar and Hobart M. Smith (2000) price of a Berke le y hill s home. and the superb lifeti me iss ue or a coin well tested the correspondence between relocation of a corporate headquarters in struck from an artistic die but wit h es timlltcd and realized pri ces at th e a smalllOwn can drive up the pri<.: es not minor porosi ty or die rust. Triton IV an d III auctions, respectivc­ simply of houses but, disproportionate­ A fun damental diffcrcl1{:e between ly. Their regression approach all ows ly, of houses with characteristi cs that are ancient coins, on one hand. and houses us \0 sec how an increase in the esti· demanded by executives' fam ilies. and wines, on the other, is that the char­ mated price affects the realized price; Recently. hedonic price model s acteristics of ancient coins can change however. it docs not cont rol for char­ have been used to study wine prices. only as new hoards are discovcred.2 acteristics ofthc coins. which are like­ What docs a Napa or Bordeaux appcl­ The combina tion of uniformity and ly to affect both . The approach most lation add to the price of a boule of di vers ity makes hedonic price analy­ si milar to the one used here is th:11 of wine? An addi tional year of agi ng? A sis an ideal tool to identi fy "what's in John G. Matsusaka 's study of how se­ high score from \Vi lle Spet:1lI10r mag­ the price" of ancient coins, and how lected characteristi cs affec t the mar­ azine? Understa nding how the charac­ buyers and se llers value specific coin ket price of the 'Tribute Penn y" of teristi cs of wines affect prices, of traits.J Th is article reports th e find­ Tiberius. Although nOl characteri zed course. is crit ical to a vi ntner's suc­ ing s of a hedonic price an~!ysis of all as such. it can be called a Iype of he­ cess. because in many cases these char­ specimens of the Alexander the Great do ni c price analysis. acteristics can be altered during the lelradrachm (silver 4-drachm piece) In contrast 10 ancient numismatics, winemaking process, sold al the Classical Numism:llics numerous studies have used the he­ Coin dealers are forever confront­ Grou p (CNG) auctions bctween 200 I donic method to value the traits of oth­ ed by the cha llenges of placing val ues and 2006, a total of 805 transactions er heterogeneous goods. Perhaps the on coin traits, asking such questions wi th realized prices ranging from US most common and well -k nown uses of as: "What is the added value of a su­ $95 to $5,750. hedonic price analysis are in real es­ perb exIra-fi ne versus fine grade? A tate. to answer such questions as: rare mint?, A strike from a particular­ "What is a view worth?, A good school ly arti st ic die? A sig nature of the fa ­ The Co inage of Alexander dist rict? , A remodeled kitchen?, and mous di e-cutt er Kim on?, and Pro ve­ A third bedroom or second ba th '!"' nance from a well-known collection?" Alexander III carried out a numi s­ Th ese st udies recogni ze tha t house On the negative si de. by what amount mati c as well as political conquest of prices are heterogeneous and shaped docs a flaw (weak strike. double strike. thc ancient Mediterranean and points cast. It is dear that both conquests were carefu ll y planned in advance, In 336 BC. when Alexander assum ed power afte r the assassination of his father, Philip II. local coinages flour­ JOHNJENCEK ished in hundreds of Greek cl ty-sliltes Anci_t Coin. & Antiquities and colonies around the Mediterra­ nean. Vari ous weight standards were used, and each locale had its own de­ sign or typoL for example, Athena and the owl in Athens; the Pegasos in Corinth and her colonies in M agna Graecia (Ital y and Sicily); the wheat car in Metap0nlum: a boy riding a dol­ phin in Taras; a rose in Rhodes: a nymph carried off by a na ked Salyr on the island of Thasos; horses in Laris­ sa; the nymph Arelhusa and chariot o f Syrac use: and the hare of Messana. These images conveyed the authori ty of the local state and faci litated trude within ci ty-states' zones of economic infl uence. They al so reflected the identities of Greek ci ty-statcs and thei r people. Since the beginning of coin­ age in Ihe 7'b century Be. rulers rec­ ogni zed the political as well as eco­ nomic im port ance of coins. For exam­ ple. the idca of putting Athena and the owl on the coills of Athens is attribut­ ed to Peisistratos, the popular despot

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January 2008 9 who took control of Athens from a ru l­ Alexander inve nted two major univer­ critical for the success of Alexander's ing oligarchy in the late 6th century sal coin types based on a common conquests. whi le at the same time pav­ Be. His disp lacement of the typoi of weight standard (the Attic standard ing the way for the acceptance of the the oligarch families with Athena, the used by Athens), and in three denom­ new coinage in the soon-to-be con­ deity of Athens, was a critical part of inations- two in si lver, one in gold. quered lands 10 the cast, then under his appeal to the popu lace. The lypes and weight standard were Persian control. The three major Al ­ Confronted by the need to econom­ carefully chosen to consol idate politi ­ exander coins include the I-drachm ically unify his future empire, facili ­ cal support from Greek city states. (approx. 4.25 grams in weight) and tate transactions, and pay his armies, particularly Athens, wh ich was to be tetradrachm (4 drachm, approx imate­ ly 17 grams) denominations in silver and a gold staler (approximately 8.6 grams). At the time of their issue, Figure la these coins were demanded for their Extremely Fine Issue from the Miletus Mint bullion val ue, and the exchange rate of gold to silver was approximately 10: I . Gold staters were not struck at all of Alexander's mints, and the bulk of the coinage, as we know it, consists of silver tetradrachms. The two silver denominations share the common type o f Herakles wearing a lion's scalp on the obverse and, on the reverse, Zeus seated on a throne, holding a scepter in his left hand and Telradrachlll (Silver, 17.08 gm., I), Mileru.\", 323-319. Head of Hemkles ill an cagle, his symbol, in his right (see lion-skin headdress 10 right. Rev. Zeus. lVedring hima/ion, sedled to le}t Oil Figures I a on this page and lb on page backless Ihrone. holding eagle in his right hand and scepter with his left: 12) . The wide appeal of HerakJcs and below throne, monogram. Price 2105. Thompson 159-a (this coin). Nicely Zeus as symbols on the new coinage lOlled, struck ill high relief alld of /ovely sly/e. Extremelyjille. ESlimate: is evident. Herakles was a legendary CHF 1,000. Price realized: 2,700 CHF (approx. 2,230 u.s. dollars as of the hero to all Greeks and recognized an ­ auclion dale ofApril 23, 2007). Photo courtesy of LHS NUlIlismntics Ltd. ceSlOr 10 the Macedonian royal house. The representation of Zeus, the prin­ cipal Greek god, on the reverse of thcsc coins is remarkably similar to the seated Baal (deity) on Persian coins of the same period (sec Figure 2 on page ANTIQUA INC. 14). The type chosen for the gold coin was of a helmeted Athena on the ob­ • Specializing in ancient art and numi s­ verse and a winged Nike on the back. Athena was the principal deity of Ath­ matics with an emphasis on quality, ens, but the design of the helmet shc rarity, and desirability wears is from Corinth. Nike. goddess of victory, holds out a wreath and sty­ • Over 25 years of professional expertise lus, an emblem of naval victory, like­ ly recalling Athens' defeat of the Per­ • Regul ar and acti ve presence in the sians (Xerxes) at Salamis 150 years international marketplace earlier. The coins bear the inscription " of Alexander" (AAE=':AN6.POY) on • Fully illustrated catalogues fealUri ng their reverse. carefull y selected materi al The Alexander silver tetradrachm is the focus of this study, because it is • Representati on fo r seri ous collectors the denomination for which there arc at all major internati onal aucti on sales a sufficient number of transactions with the necessary information to es­ • Appraisals, market advice, liquidati on timate a hedonic price model with advice and professional courtesy to all multiple coin characteristics at a rea­ sonable level of precision. interested parties • Visit our web site: Antiquainc.com T he Ancient Coin Suppl}' Today A fully illustrated catalogue sent upon request The number and qualities of ancient coins in existence at any given time is 20969 VENTURA BLVD., SUITE # ll l Et: 81 8-887-0011 fixed, the result of past hoard discov­ WOODlAND HIllS, CA 9 1364 FAX: 818-887-0069 enes. Nevertheless, new coin hoards E-Mail: Antiquainc@aoLcom (.-

10 The Gelator ANCIENT & WORLD COINS

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January 2008 11 occasionally are discovered, so the lies entrusted to the eldest male; they they ure often found in metaf boxes. long-term supply is less inelastic, ran­ were selected specimens of coins cir­ In this type of hoard the coins are USI/ ­ dom but influenced to some degree by culuting (II the time. There were no ally in the highest slate of preserl'a­ new search technologies. According banks at the tll.':[', so wealthy families lioll. as Ihey had not yet been given to Paul Rynearson: 4 hoarded mOllcy ill the IllOst precious Ollt ill paYlllentln mercenary soldiers, "Coins tliat arefoulld lend 10 come lI1etal possible. Their coins often were lIlagistrates, etc ., as single fillds,family caches or large placed in a conlailler, such as a metal Some hoards arc unearthed by ar­ treasury hoards. Single finds ure of­ box or pottery vessel. Treasury hoards cheological digs, but most are found ten of/ow grade and usually bronzes. hal'e the fargesl number of coills in by accident, unearthed in farmers' Family hoards lelld to be groups of them. at times many thousands. USI/ ­ fields or at construction sitcs. Arche­ coins afprecious metals. whichfami- affy of sifl'el; bllt sometimes of gold. ological evidence accompanying dis­ covered hoards can provide c lues about the coins. Groupings of coins in the same hoard provide information Figure Ib on the directions in which coins cir­ Good VC T,Y -Fin e Issue from the Tyrc l\lint culated (often from distant mints; for a fascinating illustration see Price and Waggoner's 1975 analysis of the Asyut Hoard unearthed in Egypt in 1969). The presence of one or more datable specimens in a hoard can assist in dat­ ing other specimens, at least placing a late boundary on their year of issue. Usually this information is lost, how­ ever. Laws es tablishing state rights to KINGS of MACEDON. Alexander III "the Great." AR Tetradrachm (17.19 discovered hoards no doubt discourage gill., 6h). Tyre mint. STruck under Demetrios Po/iorketes, circa 301-286 Be. the reporting of the contents of these Head of Herakfes right, wearing lion skin I Zeus Aetophoms sealed lefl: hoards in most cases. The effect of a monogram ill left jidd, monogram helow Ihrone. Price 3540; Hersh, Tyrus new hoard discovery on coin prices nat­ 30 (obI'. die X). Good VF. Estimate: 300 USD. Price realized: 310 USD. urally depends on the quantity and char­ acterist ics of the coins in the hoard. AllctiOf! dale: lUlle 14, 2(X)6. Photo courtesy ofCNG Inc. Ancient coinage, unlike its modern counterpart, was struck by hand from engraved dies that produced coins in highly sculpted relieP As a result, NUMlSMA TICA ARS CLASSICA.NAC AG they are more akin to works of art than to commodities produced in a uniform manufacturing process. Variations in Ancient Coins - Greek - Roman - Byzantine ancient coins available at auctions to­ Mediaeval - Renaissance - Medals day occurred prior to striking (thc art­ istry evident in the carving of dies: die Auctions - Sales & Purchases - Estimations defects including wear, rust, cracks, J etc., that are transferred to the coins; the quality of the metal used in the coins: ancillary markings including symbols of mints, magistrates, and on rare occasions, signatures of die mak­ ers and dates reckoned to some base date; re-striking of older coins whose images affect that of the new die); at the time of st rik ing (weakly-struck coins, shifts in the positioning of the die between strikes of the hammer, off­ NUMISMATICA ARS CLASSICA NAC A(}. centered st rikes); or after striking (wear of the coin through use prior to NiederdOifstr. 43 3rd Floor, Genavco House being "losl;" ancient test cuts by trad~ POBox 17, Waterloo Place ers to enSllre the metal content of the CH - 8022 Zurich GB - London SW1Y 4AR coin; degradation of the coin du ring storage, which in the present case typ­ Tel +4144261 1703 Tel +44 2078397270 ically would exceed two millennia; and preservation of the coin by discov­ Fax +41442615324 Fax +442079252174 erers, collectors and dealers over a [email protected] [email protected] pcriod sometimes as long as several ccnturies.) www.arsclassicacoins.com

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January 2008 13 Other key factors that may affect direct ly. The presence of a magis­ tabl ish a chronology of coins. In gen­ modern-day values of ancient coins trate's name or symbol provides the eral. the reverse on posthumous issues include the date and place of issue. contemporary equivalent of a date in of Alexander si lver tetradrachms have The coins of Alexander minted at Si ­ most cases. The criterion of style is the legs of the seated Zeus crossed in don and Ake in Phoenicia are marked also used. The evolution or Greek art front of the throne. wh ile on lifetime with dates of local eras. At all other generally provides a reliable basis, in issues the legs are parallel. Finally. a mints, coin dates must be deduced in - combination with other fac tors, to es- sequencing of dies often is possible due the economic fact that di es were costly to produce, and thc tcchnical Figure 2 fact that obverse dies, nested in the Haaltaars: Model for Zeus? anvil. normally outlasted reverse dies, which received the full blow of the minter's h'Hnmer. Overlaps between obverse and reverse dies. together with gradual die wear, reveal the order of striking .6 A comprehensive cataloguing of dies used to produce the lifetime coinage of Alexander appears in the authoritative works of E.T. Newell (1935) and especially Price (! 991 ).

II The Hedonic Price Methodology and Data

The conventional mode l of demand Gilicia, Tarsos, ca. 333-323 BG. time of Alexander III. the Great. AR Stater. and supply in economics treats goods Reverse: Baaltaars seated left on ornamental stool. holding lotus-tipped as homogeneous; market prices adjust scepter in his right hand; to left, ear of grain and bunch of grapes; to right, to ensure that the quantities su pp lied ivy leaf; beneath stool, "T"/Facing Obverse (not shown): Bust of Athena and demanded of a given good are wearing triple-crested Attic helmet. 11.04 g; 23mm. BMG 74; SNG Levante, equal to each other, as in a competi­ Supplement I, 21. Photo courtesy of the author. tive market or auction. This model is not realistic in the case of goods tha t are heterogeneous and whose charac­ teristics significantl y shape their pric­ es. Ancient coins arc such goods. The wi de range of realized auction prices for Alexander the Great tetradrachms reflect differences in coin traits that may include conditions and artistry of ebiebal dies, quality of metal, the striking pro­ cess, preservation, minL, and the year in which the coin was produced, e.g., whether it was a lifet ime or posthu­ ~tlbcr mous issue. It is the supply and de­ mand not of the coins, themselves, but or the characteristics that imbue an­ cient coins wit h their va lue that deLcr­ mine the prices we observe at auctions. $8 Coins also appreciate over time, and it is possible that coins with certain trai ts Curious about medieval as a natural complement to your ancient appreciate differently than olhers. For collection, but don't want to invest much unt il you know you like example, thc appreciation rate may be it? Then start small and painless. For every $8 you send, I' 11 send higher for coins of superb quality than for lower-grade specimens. you a different medieval coin ... $16 fo r 2 different, $32 fo r 4 In a hedonic model. the price of a different, $80 for 10 different, etc. With 12 differen t get a free good i (say, an Alexander II I tet­ t. p . , copy of Walker's Readil/g MedievaL European Coins. Please add radrachm) at time r is the sum of the val ues contributed by the good's $2 postage per order. key attributes. For example, su ppose [email protected] Z,'} is the grade of coin i sold at auc­ (845) 434-6090 tion at time t, and Jr is the effect of l lIen G. Berman FAX (845) 434-6079 the coin's grade on its realized price .. "' ...... " ...... " u.s. orders add S2 postage .~ P.O. Box 605-E overseas oroors oont at buyer's (the "hedonic price" associated with ~DODD ~~ Fairfield. CT 06824 USA ris" and are always weI<;""", -...... V""''''

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Ja nuary 2008 15 coin grade). Then the product 1f, x Z", Data on Prices and Char

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January 2008 17 acteristics ascertained from the pho­ variables amenable to the statistical price prior to auction is $386; it rang­ tograph or perhaps by the presence of analysis of hedonic prices. Table I es fro m $ 150 to $3,000. The average a bidder at lhc auction. Most bids at reports that the average realized price "miss" or difference between realized CNG mai l-bid sales now arrive of Alexander the Greal tetradrachms and estimated price is $45, with a strik­ through the CNG website, only on rare is $43 1, wi th a standard deviation of ingly large standard deviation of $243 occasions benefiting from an agent or al most exactly the same magni tude (not shown in the Table). Of all Alex­ personal inspection of the coins. ($430). indicating considerable price ander tetradrachms transacted. 48% All of the information in the textu­ variation. The prices range from $95 were struck at a mint that was active al descriptions is easi ly translated into to $5,750. ~ The average estimated during Alexander's lifetime, but only 6% were actually struck during his reign. Approx imately I in 5 coins have Table I a grade of "extra fine" or higher as per Descriptive Statistics for Variables the descriptions. The text description in Hedonic Price Analysis of the coin contains a positive descrip­ tive (see above) in 8.5% of the cases and a negative descriptive in 25.8% of the cases. The coin is characterized Standard 11 as "rare" or "scarce" in 7.7 percent of Variable 1i\'lea n Deviation Minimum ~1aximum the descriptions. lO Realized Price 430.94 430.17 95 5,750 Estimated Price 385.96 313.6 150 3,000 III Lifetime Mint 0.48 0.5 0 I Findings: What's in the Price of an Alexander Tetradrachm? £FPlus 0.21 0.4 0 I Lifeti me Stri ke 0.06 0.24 0 1 The results of two hedonic price Positive Descriptives 0.08 0.28 0 1 models are reported in Table 2. Toned 0.38 0.49 0 I The first model (Model I ) exam­ Rare or Scarce 0.08 0.27 0 I ines the effects of coin characteristics 'on the realized auction price. That is. lNoted Flaws 0.26 0.46 0 2 it decomposes the realized price into Year Number (1 =200 1) 3.73 1.99 1 6 the contributions of each coin charac­ Number of Observations 586 teristic. These contributions may be positive (as in the case of a high grade or positive descriptive), or negative (i n the case of a low grade or flaw). The expected realized price of a coin is the sum of the values contributed by the coin characteristics plus an unex­ o R. 13 U S SOP E USN A C H f". plained error. The second model (Model 2) adds N UMISMATISTS AND the estimated price to the hedonic price equation. The price estimate conveys AUCTIONEERS SINCE 1870 information about the quality and scar­ city of coins to potential buyers. It also establishes a reservation price for Founded FRANKFURT AM MAIN ! TEL. +49 ( 69)-9 59 66 20 ed by the mean realized price of $431.) FAX +19(6\))-555995 ! WWWI'E US -MUFNZEN.DE

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January 2008 21 Table 3 realized price, and the effect of all coin characteristics, controll ing for this es­ Estimated Effect of Coin Characteristics a nd timated price, will be ni l. A positive Auction Price Estimates on Auction Price Surprise t- effect of a given trait would imply that bidders place a higher value on the trait Model 3 than the auction house, and the trait has Estimated Effect on Coin Price an effect on the reali zed price that is not Coin Trait Variability reflected in the dealer's price estimate. % of Mean Conversely for a negative trait effect. S Realized Price Not surprisingly, the price estimate has a significant effect on the realized Estimated Price (S 10 increase) 1.96** 0.45 price (sec "Model 2" in Table 2). Oth­ Lifetime Mint -1 1.66 -2.71 er th ings being equal, a $1 increase in EFPlus 12.38 2.87 the price estimate is associated wit h a Lifetime Strike 25.50 5.92 $1.04 increase in the realized auction price. Adding the price estimate in­ -28.77 -6.68 EFPlus and Lifetime Strike creases the explanatory power of thc Positive Dcscriplivcs 50.08** 11 .62 model considerably; we arc now able Toned 33,67** 7.81 to explain 74% of the variation in re­ Rare or Scarce 206.35** 47.88 alized prices. Clearly, the estimated price contains a significant amount of Noted Flaw 0.9 1 0.21 information that influences what bid­ Year Number (1 =2001, 2=2002, etc.) 14.52** 3.37 ders are willing to pay for a coin at Superb'" Year 29.44** 6.83 auction. In most cases, the effects of the Constant -3 7.77** individual coin traits are smaller now, because they arc already reflected in the estimated price (compare the columns R-squarcd .37 for Models I and 2 in the Tahle). Sample Size 586 Nevertheless, several coin traits continue to have a significant effect on :I: The absolute valLie or the dilTerence between (he realized price and the price that the realized price even when the ex ­ would be predicted by Model 2. given each coin's characteristics and estimated pri(;c. '" Denotes that the effect is significantly different from zero at or above the 95% ante estimate is included. A grade of significance level. "extra fine" or better on a lifetime is­ sue stili adds $55 1 (127.2%) to the coin's realized price. This premium represents the bidders' valuation of a high-quality lifetime issue above and beyond what is already reflected in the auction price estimate. Other traits for which there is a bidders' premium over the estimated price include a coin's de­ www.dnw.co.uk scription as "rare" or "scarce" ($208) or "toned" ($53: other positive traits do not • have a significant effect once the esti­ IMPORTANT ANCIENT COINS mated price is included in the model). Interestingly, appreciation over AND RELATED NUMISMATIC BOOKS time continues to be significant and positive even when one controls fo r the London, 9 April 2008 estimated price. In other words. the gap betwcen rcalized and estimated We are currentl y accepti ng material for our next speci alist priccs is increasing at a rate of $22.73 per ycar. This finding is consistent au ction of ancient coins. If you're thinking of sell ing, with a dynamic market in which pric­ whether it be your collection or some duplicates, es are appreciating at a rate that out­ strips seller's ability to estimate. It is please contact our consultant Italo Vecchi today on also consistent with an estimation strategy aimed at encouraging multi­ 44 20 701 6 1822, or at [email protected] ple bids at auction, hy setting the esti­ mate below what the market will bear. DIX NOONAN WEBB Model 3: Auction-Price Volatility 16 Bolton Street Piccadilly London W1J 8BQ England Different coin characteristics in­ TeJephone 442070161700 Fax 442070161799 fluence not only the expected real- E-mail [email protected]

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January 2008 23 ized price but also the volatility of The find ings appear in Table 3. additional $29 per year) for coins in prices at auctions. For example, a They reveal significanl effects of bOlh "superb" condition.14 Those who have "good'" or " fine" grade coin might the estimated price and coin traits on experienced the bidding fren zy for invite a small number of bids, while the variability of auction outcomes. top-quality an cient coins in recent a "superb" grade attracts many bids Higher es timated prices are associat­ years will not find this surprising. that can produce wide swings in the ed with so mew hal wider price swings realized price in light of well-known at auction: a $ 10 increase in the esti­ IV auction dynamics. mated price is associalcd with a $1.96 Conclusions Model 3 employs a procedure sim­ increase in the average di fference be­ ilar to the one proposed by Just and tween the realized and predicted price. Hedonic analysis of coin prices at Pope ( 1978) to analyze output vari­ Coins characterized as " rare" or auction requires information both on ability in crop production. We use this "scarce" show significant pri ce varia­ characteristics of coins and on a suffi­ procedure to model the variability of tions- an average $206 difference be­ ciently large number of coin transac­ auction-price outcomes in a hedonic tween realized and predicted prices. tions to value coin traits with a rea­ fra mework. To do this, the estimated Auction price surprise is also greater sonable degree of precision. The Al ­ hedonic prices from Model 2 are used for specimens that are toned ($34) or exander the Great tetradrachm natural­ to predict the realized price of each have other posit i ve descripti ves ($50). ly lends itself 10 this type of analysis, coin, based on the coin's own traits and Controlling for all of the coin traits, because of ils abundance and the uni­ the auction-house price estimate. This it is evident that the price variability fo rmity of its lype relative to other an­ predicted price is then subtracted from al auctions is increas ing over time. cient coins. Many other types of tet­ the actual realized pricc at auction. The absolute di ffe rence between real­ radrachms from the ancient Greek The absolute value or square of this ized and predicted prices is increas­ world. from Sicily to Syria, su rvive to difference represents an estimate of ing by $14.52 per year, meaning that be traded at coin auctions. Few, how­ auction price surprise. We will con­ il was $72.60 larger in 20061h3n it was ever, are traded frequently enough to sider the absolute value of the differ­ five years earl ier. High-grade coins support an analysis like thc onc pre­ ences, because they are easier to in­ do not necessarily have greater price sented here at the present tim e. One terpret than Ihc squared differences. 13 variability than lower-grade coins: the could combine various coin Iypes and We then ask which coin traits inc ite effect of an extra-fine or higher grade even denominations in the same he­ the greatest volatility in auction pric­ on the price deviation is small ($ 12) donic analysis by adding controls for es, as well as whcther auction prices and no! statistically significant. How­ coi n type (in statistical parlance, are becoming more or less volati le ever, the auction-price surprise is in­ "dumm ies") as explanatory variables over time. creasing much more rapidly (by an in the model. However, this would be hke mixing apples and oranges (or, more apt ly. tu rtles and owls).I.\ Even with Alexander tetradrachms, there is not a surricient number of tran sactions to identify some price effecls that may be of in terest, for example, the value of being struck at a particular mint and poi nt in time, or of bearing the marks of specific magistrates. The prices of particularly rare coins, by definition, do not lend themselves to statistical analys is. The availability of data on an increasing number of coin transac­ tions from multiple auction houses will alleviate Ihese problems and make in­ creasing numbers of coin types amena­ ble to price analysis in the future. Data fro m adiversity of auction houses might also facilitate an analysis of how auc­ tion designs affect price outcomes. To a seasoned numismatist there is no substitute for holding a coin in one's own hand to assess its qualities. The appreciation of fine ancient coins, Visit our website www.aslarlesa.com like fine wines, is an art, and Ihe for­ mal analysis of auction prices is not intended to replace personal inspec­ tion by numismatic experts in deter­ mining a coin's value. Unfortunately, AST'L-O..L .TE most buyers are not able to hold their Astarte SA· Via Canton ale. Ila· CH-6900 luga no Switzerland coins until after the auctioneer's gav­ Phone +4t 9t 9233640 · Fax +41 9t 9232718 · [email protected] el falls, and an important part of the

24 The Gelator valuation of ancien! coins, like other Ru ral Economies of the Americas Pro­ Head, B, V. 19 11. Historia Nwnor­ items, in volves the search for prices of gram at the Uni vers ity of Cal ifornia. lIIlI. Oxford : C larendon Press. other specimens having similar known Davis. He has au thored more than 100 Jenkins, G.K. 1990. Ancie1!l Greek features. An on-line database with infor­ books and journal articles and is list­ Coi,,:;. London: Spink and Son, Ltd. mation on past sales of ancient coins great­ ed in Who '.~ Who ill Economic.\'. In ad­ Just. R.E. and Pope. R.D. 1978. ly facilitates the search for comparable dition 10 leaching courses in econom­ "Stochastic Specification of Producti on specimens. Nevertheless, synthesizing in­ ic development and micro-economics, Functions tll1d Economic Impl ications." fonllation from multiple sales of coins with in 2008 he will leach a Freshman Joul'I1a l of ECO llometrics 7, pp. 67-86. heterogeneous trailS can be a challenge for Seminar entitled "Gods, Goddesses Lancaster, Kelvin J. 1966. "A New even a seasoned numismatist. and Flying Horses: A History of Coins Approach to Consumer Theory." 71I e Hedoni c price analysis can be II use­ in Ancient Greece." JOl/rnal of Political EconolllY. Vol. 74, ful tool fo r processing and sy nthesiz­ no. 2, pp, 132- 157. ing information about past sales. It can Rererences Matsusaka, John O. 2004. "Ex plain­ also offer insights in to the ways in Ashenfelter, Orley and Kathryn ing the Market Price of the 'Tribute Pen­ wh ich price estimates, together with Graddy. 2006. "Art Auctions." Chap­ ny' : Evidencefrom I 32 Auclions," Th e coin traits, shape auction prices and ter 26 in Halldbook of tire Economics Celalor. Vo l. 18, no. 3, pp. 26-28. price volatility over time. The find ­ of Art and Cultllre, edited by Victor Price, Martin J. 1991. Th e Coil/ ­ ings presented here suggest that bu y­ Ginsburgh and David Throsby (Ox­ age in th e Name of A lexalllie r Ti, e ers valu e certa in characteristics of an ­ ford , UK: Elsevier). Grcm and Phili"A,.,.hidaeu~·. London: cient coins differently than the auction Chiszar, David. Hobnr. M. Smith, Bri tish Museum Press. house when it sets the estimated price. Mark 1. Chamberlain, Keith R. Far­ Price, M. and Nancy Waggoner. They also reveal that both the level and ley and Jeffrey p, Kurtz. 2004. "Sta­ 1975 , Archaic Greek Coinage - Th e the volatil ity of prices of high-quality tistical Analys is of Triton IV." The Asyut Hoard. London: Vecchio ancient coins are increasing. as on-line CelalOr, Vol. 18, no. 6, pp. 3 1-35. Rosen, Sherwin. 1974. " Hedonic auctions make a lim ited supply of all­ Chiszar. David .. nd Hobart M. Prices lmd Implicil Markels: Product cient num ismatic treasures accessible Smith. 2000. "Stati stical Anal yses of Di fferentiat ion in Pure Competition." to an ever-greater number of people via Triton 111 : Estimated Values of Lots JOllfllal of Political EconolllY. Vol. 82, the click o f a mouse. Compared with Prices Reali zed." The no. I, pp. 34-55. Celator, Vol. 14, no. 2, pp. 26-29. Shahar, Charles. 2006. "Factors In­ About the author- L Edward Taylor Faul kn er, Terrence W. 2004. "Some flu encing Auction Estimates and Final is a professor of Agricultural and Re­ Observations on Auction Markets." The Prices of Larissa Facing Head Drachms." source Economics, and Director of the Celmor,Vol. 18. no. 6, pp, 27-42. The Ce!ato r, Vo l. 20, no. 3, pp. 16-26. --

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For more information please contact William MacKay: Tel: +44 (0)2075634048 email: [email protected] 69 Sourhampton Row, Bloomsbu[)', London WelD 4ET www.spink.com

January 2007 25 Seltman. Charles. T. 1933. Greek 6 Very few dies survive to modern itive or negative, hy 1.15. Howeve(, it Coins. London: Methuen and Co .. Ltd . times. Die linking is based on analy­ does not change the percentage of the Thompson. Margaret, Otto sis of the coins, themselves, whcre (as real ized price that is explained by a M¢rkholm and Colin M. Kraay, Eds. in the case of Alexander issues), the given trait. 1973. All Invelltory of Greek Coin number of surviving coi ns is suffi­ 10 Another key factor that can in­ Hoards. New York: The American ciently large. fluence the auction price is acoin's Numismatic Society. 7 In prac tice, these trait variables provenance- whether from a wel l­ often are constructed as 0- 1 "dum­ known collection or noted as an ex­ li': ndnotes mies." For cxample, Z I migh t be an ample in an important study. In the I The basic reference on ancient indicator variable equal' to I if a coin sample we study, mentions of prove­ Greek coin hoards remains Thompson, is of extra fine quality and 0 otherw ise, nance were too rare to include as a Morkholm and Kraay, 1973 . and the weight HI would measure Lhe variable in the analysis. In the future, 2 Forgeries, retooling, and over­ effect that being of extra fine quality when more auction data (particularly cleaning are sad testimony to the ex ­ has on the real ized price of the coin. on coin types for which mentions of tent to which some people arc willing A coin that is not of extra fine qual ity provenance arc more frequcnt), prov­ to forego ethical considerations in an would enjoy no such price ga in. If Z',l cnancc could be added to the list of effort to alter this inherent fact. indicates a lifetime issue, then the coin traits. 3 This study adds to a growing weight Jr, would measure the differ­ I I The variance of realized prices body of empirical literature related ence in coin value between lifetime is significantly related to coin charac­ to the econo mics of art and art auc­ and posthumous issues that are of oth­ teristicS (sec Model 3). To correct for tions; for example. see Ashenfelter erw ise similar quality. heteroskedastic errors, the Hu ber! and Graddy, 2006. ~ Differences in auction designs and wh ite/sand wich variance estimator ., Personal correspondence. Rynear­ in the practices of particular auction was used for both Models I and 2. son is a prominent numismatist and houses also may affect realized pric­ 12 The appreciation rates reported expert on ancient cotns; see es. By limiting our data to a single here easily exceeds the rate of inf1a­ www.paul -rynearson.com. major auction hOllse, we avoid such tion as measured by the Consumer 5 Jenkins ( 1990) provides a brief complications. Price Index (C PJ) , which rose an av­ introduction to the methods used to 9 These prices do not include the erage of 2 percentage points per year produce ancient coins. These meth­ buyer's commission of 15% at this betwcen 200 I and 2006. ods changed little until the late 16'h auction house. Multiplying all of the 1.1 The analysis was repeated using century, when mint ing machinery rea lized prices by 1.1 5 to reflect this the squared difference between real­ was used regularly for the first time commission also multiplies all of the ized and predicted prices, which gives in Europe. effects of the coin Iraits, whether pos- a consistent estimate of auction price variance. Using the square instead of the absolute value of the difference between rea lized and predicted prices Are you interested in did not qualitatively change the results presented here. When the squared dif­ CHOICE WORLD COINS? ference is used, the error term in the You shou ld be receiving our publications second-stage estimation violates the zero-mean assumption, but the esti­ FOUR AUCTION mate can be corrected using the meth­ CATALOGUES ANNUALLY od proposed by Harvey (1976). 14 This finding comes from includ­ ing an interaction between the year and Featuring RARE and CHOICE gold and sil ver coins 01 coin grade in the regression equation. the wo rld as we ll as ancient coinage and world paper Such interactions were found to be money. A sample catalogue is postpaid. An annual insignificant in Models I and 2, and $30.00 they are significant only for the superb subscripti on is also available. The cost is $100 within the grade in Model 3. U. S. and $120 outside the U.S. 15 The turtle was the type on the coins of ancient Aeg in a, the owl, of Visit our web site at: ancient Athens. www.ponterio.com Ponterio & Associates, Inc. 1818 Robinson Ave. San Diego, CA 92103 Say that you 1-800-854-2888 or 619-299-0400 Fax 619-299-6952 read E-mai l: [email protected] it in PRG. #308 Licensed Auerion Company #968 Richard H. Ponterio - President The Celator

26 The Gelator San Francisco Historical Bourse • IS Highly Successful ------Nilus Coins. In all, many thousands 01 gram. This exhibit provided the many by Josepll Willnyk ancient and world coins, antiquities, and children and novice coilectors who at· books were on display and for sale. tended a slice of ancient history as it Dealer John Jencek also organiz­ can only be told by coins minted over 11l September 15 , 2007-This one-day es and runs the Bourse, much to the two thousand years ago. ancient and world coin show has prov­ appreciation of Bourse -a ttending Business was brisk the entire day en to be a highly successful affair: members of the San Francisco Ancient with dealers reporting good sales and bringing local and nationwide collectors Numismatic Society (SFANS), which happy coilectors sharing new purchas­ together for some face lime and pro­ meets on the second Saturday of ev­ es with their friends . Both brunch and vid ing an opportunity to view a wide ery month. John re ported that 150 col­ lunch were provided gratis. array of coins, books, and antiquities lectors attended the show-about the The next San Francisco Historical from some of the best known dealers in same number as previous shows. Bourse is scheduled for May 23-24, the country. The bourse set up at its Although some coins reflected the 2008. This show is being expanded to usual convenient San Francisco venue­ current high prices, many items were a two-day event, hosting two hours of the Gold Rush Ballroom of th e Holiday still available at a reasonable cost. At lectures on Friday night after th e bourse Inn Golden Gateway on Van Ness. one deale r's table you could have put closes. Information on this and other Dealers with tables at the show in­ together a complete collection of fu ture San Francisco Historical Bours­ cluded : from the S.F. Bay Area, John Ptolemaic bronzes from a single tray es is available on the Internet al Jencek, Frank Kovacs, Richard Pearl­ and still had money in your pocket for www.sfbourse.com. man, Rudnik Numismatics, and Papyrus eating and other secondary expenses. Books; from Southern California, Free­ Local student Daniel Feldman man & Sear, Glenn Schinke, and Karl chaired an exhibit of ancient coins Don't miss a single Stephens; from Oregon, Tom Cederlind; (many of them donated by Harlan . issue of from Chicago, Harlan Berk; from New Berk) as part of the David R. Cervin .: I1Ie Celator. Subscribe York, Amphora Coins; from New Jersey, Ancient Coin Project, sponsored by ~ Wolfshead Gallery; from Pennsylvania, the American Numismatic Association today! Pegasi Numismatics; and from Texas, under their Young Numismatists pro-

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P.O. Box 7822 Dallas, TX 75209 Numismatist 214-125-4300 • 214-690-7609 (Fax) WWW.GLENNWOODS.COM gleM-'"""

January 2007 27 A Numismatic Lexicon resulting in his own defeat. Allhis point, we owe our thanks to Eumenes for all by Richard Plant his son Pharnaces led a revolt against those lovely ancient and medieval him, trapping him with a few followers manuscripts, illuminated and other­ in a small fort. He realized that his wise, which could not have been pro­ only way out was to takc his own duced without parchment. life; so he took poison. Bul he had Unfortunately, Eumcnes II is nOI an cvidently forgotten that he had easy man to sort out numismatically. "mithridatized" himself, so the poi­ The Pergamene kings did not inscribe son had no crfect on him-so final­ their own names on the coinage, us­ ly he had to ask one of his Gaulish ing instead that of the founder of their mercenaries to dispatch him with dynasty, one Ph iletaerus, who had es­ a sword thrust. tablished Pergamum as an independent kingdom in 280 Be. It is Philctaerus' M ITHRIDATIZE- to render oneself head on the obverse of the tet­ proof against a poison by taking small radrachms, such as the one illustrated but gradually increasing doses of it. in th is article. The coin-minting kings King Mi thradatcs of Pontus. 120- were all called either Attalus or 63 Be, gave us Ihis word. He came to Eumenes; bUI you can only tell thcm the throne al the young and vulnera­ apart by minor symbols and marks. ble age of eleven years, under the The seated figure on the reverse is that "care" of a council of regency, who of the goddess Athena. started planning to dispose of their The dynasty ended in 133 BC, youthful monarch and take over them­ PARCHMENT-skin, especially of when Attalus III bequeathed his king­ selves- the mosl fash ionable method of sheep or goat, prcpared for writing, dom to the Romans. This explains why killing someone at this time being by painting, etc. so many of the Greek coins from Asia poison. However, Mithradatcs might Eumenes II, King of Pcrgamum Minor that we come across arc dated have been young, but he was not daft, from 197 - 159 Be, is traditi onally in the catalogues as being either be­ and he took precautions, devising the credited with the invent ion of parch­ fore or after 133 BC (when they way to neutralize assassination at­ ment- in facl, the name for it was orig­ stopped being part of the quite large tempts by "mithridatizing" himself. inally pergemena, which later became Pergamene empire). Before too long, he was strong the French parchemin. the root of our enough to deal with his enemies, who English form of the word. Pergamum included his own mother (whom he was a city of learning, site of one of had killed). On his lovely, but very the great libraries of ancient times. expensive, silver tetradrachms- as illus­ Eumenes realized that they needed trated above- the hair on his obverse something beller and more durable portrait always looks extremely untidy, than the papyrus they had to import and we might guess that his mother had from Egypt. He l:ame up with the idea been so busy with her schemings that of spli((ing the skin of a sheep, the PHALANX (plural PHALANGES)­ she never really had time to teach her outer part to be used for leather, but the bones of the fingers and tocs. little boy how to comb it properly. the much thinner inner lining of the Have you ever been in the army? Mithradates' clever policies led to skin to be prepared in a special way to No? But your fingers and toes have­ a great increase of tcrritories, which produce a light-colored surface suit­ in the ancient Macedonian army! It might have been good for Pontus, if it able to take writing on both back and was King Philip II, 359-336 Be, who had not been for the fact that Ihcy also front- and this was "parchment." Thus, took the ordinary ancient Greek infan­ led to his having to fight the Romans, try formation, armed it with the saris­ sa, a pike 24 feet long, and formed his men up 16 deep- this was the "pha­ lanx," which its various enemies found very difficult to cope with, especially when added to the Macedonian caval­ ry sweeping round from behind to at­ tack their flanks and rear. I suppose our fingers, when we stretch them out, calalogue 011 requesT do look a bit like a row of long spears! I illustrate the phalanx with a tet­ KIRK DAVIS radrachm of Philip II, showing on the Classical Numismatics obverse the head of Zeus, and on the reverse ajockey ho ld ing a palm of vic­ Posl Office Box 324, Claremont, CA 91711 tory- commemorating a victory won Tel: (909) 625-5426 [email protected] by Philip's horse at the Olympic Games of 356 Be. 28 The Celator When Alexander the Great suc­ I illustrate this with a Crusader de­ Below are the letters "v M," which, ceeded Phi lip, his father, in 336 BC, nier from the Kingdom of Jerusalem, surprisingly for those who read Greek, he inherited his army, well trained in minted by King Baldwin 111 , 1143- read from right to left as :EU (the M the phalanx formation, and ready to 1163, showing the Tower of David in being a sigma on its side), the first two conquer the world. Jerusalem on the reverse, which our letters of Sybaris in Greek. The reverse, saunterer would certainly have seen­ on my coin, again reads as Greek ~U , if he· was really going to the Hol y with the M = ~ above the V = U. Land, and not j ust to the nearest pub! Sybaris had very fertile soi l, and was in an excellent position for trade, and so became very rich, with the re­ sult that the people developed a very lu xurious lifestyle. Seneca, the Ro­ SAUNTER-to walk in a leisurely way. man, tells the story of one Sybarite This word appears to derive from who complained that he was unable to "a la Sainte Terre" or "To th e Holy SYBARITE-a luxurious and ef­ rest comfortably at night. When ques­ Land." Vagrants in Britain nowadays fem inate perSall. tioned as to why not, he replied, "I call at the manse, and they usually Never heard of the word? Don't found a rose-leaf doubled under me, have a dying mother in Edinburgh, or worry- thi s small silver coin (bought and it hurt"- this sort of thing certain­ somewhere equally far away, an d ur­ for £9 from a dealer's box in 1991 ) ly did not make for tough fighting sol­ gently require at least £20 to get there explains it perfectly. it was minted ca. diers who could resist the Crotonites! in time, promising faithfully to repay 530-510 BC, being a one-twe lfth you by next Tuesday or whenever. In stater, the lowest denomination in a All drawings are by the ailthor. the Middle Ages, they were all going series of silver coins that consisted of on a pi lgrimage to the Holy Land. In a one-stater, a third-stater and a sixth­ About the author-Richard Plant is a time, people began to recogn ize stater, plus this twelfth-stater, minted retired Methodist minister, living in Don­ their vagrants by the way they in Sybaris, a Greek city in Southern caster, Yorkshire, and he has always been walked- "Here's another of those a italy, which was totally destroyed by interested in coins, having obtained his la Sainte Terre people. I wonder how neighboring Croton in 510 BC- so first one at the age of six. He collects all much this one's asking for." Soon completely that its site is still undis­ areas of coinage except modem, and he is "Sainte Terre ·' became "saunter: · covered. The obverse, on all the coins, the author of several other references on and another word had been added to shows a gracefully styled bull with its ancient coins including Greek y;oin Types the English language. head turned back as if to lick its flank. and Their Identification.

COLOSSEUM COIN EXCHANGE

SlwWII are ajew ojflie lots offered ill Mail Bid Sale #1 from the personal collection oj Ira E. Teitelbaum (thejormerolVn­ P.O. Box 21 er ojCCE, IIIC.), closillg all Hkdllesday, February (/', 2008. Hazlet, NJ 07330 10 view, please visillis a/ IVww.coloco;nex.collI. (732) 264·1161 Fax (732) 264·6467

January 2007 29 A Quest for Provenance by Paul Anderson

I have often envied those collectors of ancient coins, living in areas previ­ ously occupied by ancient civi liza­ tions, who not only have numerous local museums and historical sites to visil regularly, but may also have the opportuni ty for a chance find of a lo ng lost historical coin. North American collectors with a passion for discovery must resort to finding their treasures in either a deal­ Figure 1-Commodus sestertius, RIC 1569, Author's collection. er's inventory or auction catalogue. Photo enlarged. Whenever I add a coin 10 my collec­ tion, I am on the lookout for similar examples. Starling wilh the excellent online sources such as Coin Archives and Wild winds, I seek ou l possible die matches and that elusive needle ill a haystack, the identical coin. sold from a previous dealer. Provenancc pursuits may even lead to finding one's coin in a published reference, a veritable "Holy Grail"' for some collectors. The limitations of the online ar­ Figure 2-ldentical (?) coin from a German auction, October, chives are that they contain only those 1977. Photo enlarged. coin images that were published on the Web, most slarting in the late 1990s. For this reason, the enthusiastic col­ lector on a provenance hun t must ac­ quire both published references and past auction catalogues. Most provenancc searches run cold, due to either Ihe large number of similar common coins or the fact thaI not all were sold through printed catalogues. One must also be prepared Figure 3-8anti 33 from Vol. 1/1-3 of l Grandi Branzi Imperiali. for negative find in gs, as I recently dis­ covered. When I slarted to collect ancient coins ten years ago, J purchased a an experienced and professional local (Fine), was reasonably priced and his­ Commodus sestertius (see Fig. 1) from dealer. The coin, RIC 1569, graded F IOrically significant. Struck under Marcus Aurelius in AD 177, it com­ memorates the recent viclOries in Ger­ THE PROFESSIONAL NUMISMATISTS GUILD, INC. many and declares his then 16-year­ old son as Augustus. 0"" 50 YEARS of The coin has a dark green patina, KNOWLEDGE, INTEGRITY & RESPONSIBILITY and what appear to be shallow flan Founded in 1955, the PNG is a non-projit organizatioll, comprised cracks at 6:00 and 11 :30 on the re­ verse. It was considered to be "softly of tile top rare coin and paper money expert~'f/"om all arol/lld the world. struck," as it does not have a high re­ For more information on the PNG, please contact: lief on either side. The wear appears 10 be from circulation, and there is no Robert Brueggeman, Executi ve Director evidence of smoothing, tooling or an 3950 Concordia Lane, Fallbrook, CA 92028 edge seam. Tel. (760) 728-1 300 Fax (760) 728-8507 Having acquired in 2006 a collec­ tion of various German auction house ...... """'.,.~. www.pngdealers.com email: info@pn!!dcalas.com catalogues, dating back to the 1960s, I was pleased 10 find an identical coin 30 The Gelator from one catalogue, dated October 1977 (see Fig. 2). Not only was there a 100% die match for both sides, but the flan shape and distinct marks at 6 and I I :30 on the reverse convinced me that [was looking at my coin , sold 29 years earlier. The dealer who sold the. coin to me in 1997 indicated thai he had purchased it from another reputa- - ble dealer, back in 1979. I was certain I had traced my coin hack to the [977 sale in Germany. The limeline. the dies, Ihe flan shape, wear and distinctivc flan cracks all matched. However, duri ng a casual pe rusal of Volume 111 -3 of Alberto Banli's ref­ erence, I Grandi Branz; Imperiali, ear­ li er this year, I was quite surprised to find another match to my coin . There on page 19 was Banti 33 (see Fig. 3). The dies, flan shape and distinctive "flan cracks" were a!1 there. The only difference was that the Banti coin is a good VF, while mine and the German coin were just F(ine}. Could the Banti coin be the same as mine? The wear was the only dif­ fe rence. It is also worth noting that the Banti plate coin is from the Medici collection in Florence, so provenance of Ihat coin is pretty certain, and sev­ eral centuries older than mine. The only possible conclusion is that my coin, which mayor may not be the same coin as from the 1977 German auction, is a cast of the Medici coin. How the Medici coin came to be used to make the mold is an interesting question to which we may never know the answer. So my quest for the provenance of my scarce Com modus sestertius, aid­ ed by both referenCe books and past catalogues, ended not with a genuine ancient coin, but with a high quality cast of a genuine coin from the famous Medici collection in Florence. There may be yel more copies of Ihi s and other interesting and scarce coins from famous collections, for those brave y&MOSCH enough to search for the truth. Giessener Munzhandlung

About the (II/thor- Paul Anderson Specialist areas Services is a mechanical engineer from Van ­ • Ancient coins • buying and selling couver, BC, and an active member • Medieva[ coins of the Vancouver and Seattle An­ • several auctions per year cient Coin Clubs. A collector of an ­ • Modern coins • evaluation of in dividual cient coins and CeiafOr subscriber • Antiquities pieces, collections and estates for to years. Ihis is his first article • wide range of coi ns in stock for The CefaloI'. He would like to thank his friend and fellow collec~ tor Bekircan Tahhc rcr for cncourag ~ ing him to share his findings about this coin.

January 2007 31 Colosseum Coin Exchange, Inc. Closed its Doors on December 31st, 2007 Operating under the name "Gasa Nu­ He and his wife Elissa took the mismatica" in the early 19605, Ira Te itel­ gamble that all entrepreneurs baum, the owner of the former Colosse­ seem to face, gave up the "good um Coin Exchange, Inc., represented life" of regular paychecks, paid one of the few dealerships that was seil­ vacati ons, company cars, etc., ing ancient coins on this side of the At­ and created Colosseum Coin lantic. Leaving the fraternity in favor of Exchange, Inc. The market was a "rear job, that is one that paid the bills ready and the time was right as of a growing fam ily, Ira spent five years the intrepid couple did indeed working on construction in Venezuela capture a sizable piece 01 the under President John F. Kennedy 's All i­ market they were seeki ng. ance For Progress program. He also Now, in their mid sixties, they served as an Air Crewman in the Naval have reached a time in life where Air Reserve during the period of the Viet­ they have decided to make a Elissa and Ira Teitelbaum nam War. Upon his release from active change. This does not mean that duty, Ira pursued a BSA in accounting they wil l not be offering ancient coins and material will be equally as interesting al night school, then a CPA license, and antiquities in the future. Doing business and the reserves more competitive subsequently became the CFO of a as Colosseum Coin Exchange, they will than the market place. They are dis­ major garment manufacturer. be sel ling their personal collection ex­ continuing their catalogue, but old and It was in the late 1970s that Ira saw clusively on th e Internet. According to new cl ients and friends will be able to a void in the market place for popular Ira, there wil l be four auctions a year. participate using th e website . T he priced material in VF or better condition. The auctions will be smaller, but the webs ite remains t he same at www.colocoioex.com. The staff of The Celator wishes them a happy, healthy and enjoyable J)rofiles in semi-retirement. New ANS Publication, jF! umismatics Coins Of The Seleucid Empire In The Collection Joseph Addison Of Arthur Houghton, 1672-1719 Part II, Now Available

Joseph Addison was one of Britain's earli­ New York, NY-The American Nu­ est numismatists and amateur art historians. mismatic Society is pleased to an­ He was educated at Oxford and served as nounce the release of Coins of the an administrative assistant to Lord Hali fax Seleucid Empire in the Collection of and 10 Lord Wharlons, later becoming a slalesman in his own right. He Arthur Houghton, Part 1/ (ACNAG 9) by traveled widely th roughout Europe. especially in France, Italy, Austria and Oliver Hoover. After more than two Germany, studying ancient coins and antiquities wherever he went. A ddi­ decades 01 assiduous study and the son's interest in antiqui ty, from an artistic point of view, led him to wrile collecting of new material, comes the the entertaining and thoughtful Dialogues upon the usefulness of ancient sequel to Arthur Houghton's Coins of medals especiafly in relation to the Latin and Greek poets, which was pub­ the Seleucid Empire in the Collection lished posthumously in L ondon in 1726. This popular work illustrates how of Arthur Houghton (AGNAC 4). narrative scenes on many ancient coins depict the events described in /-Iomer This new work publishes for the first and V irgil. Addison's perceptive approach to the analysis of motifs on an­ time in one place all 900 coins and re­ cient coins paved the way for such notable numismatists of the nineteenth lated objects in Houghton'S New Se­ century as Percy Gardner and F. [mhoof-Blumer. The work of Addison is ries collection. The bulk of the materi­ al reflects new types, control variants, often cited to this day, and his Dialogues is always sough! after a! anti­ and historical-economic interpretations quarian book auctions. He died in London in 1719 al the tender age of 47. that have been discovered in the years This feature is provided courtesy of George Frederick Kolbe since CSE was first published. Coins of the Se/eucid Empire in the Collec- Fine Numismatic Books, Crestline, CA 92325 continued on pnge 34 ... . 32 The Gelator Elizabeth Cottam Takes Control of the Firm of Chris Rudd NORFOLK, U. K.-Elizabeth Cottam, care of you r customers, the the Celtic coin specialist, has assumed business will take care of itself. overall management of the Norfolk­ Over the ten years I have based firm of Chris Rudd, it has been worked with Chris, I have de­ announced . Formerly in the motor veloped a passion for Ce ltic trade and an ardent biker who attends coins, and I feel most fortunate rallies, Elizabeth Cottam joined Chris to be dealing every day with Rudd in 1997 and launched her own people all over the world who Celtic catalogue, Liz's List, five years share the same interest." later. In October of th is year, she be­ came the senior partner and now has Rudd Buys Isle of Wight a majority holding in the company. Treasure Chris Rudd, aged 70, tells us that he Silver staters from the Isle of Wight hoard, 2005. welcomes the change in ownership, but In other Celtic coinage Photo: Isle of Wight County Press. has no intention of retiring yel and will news, Chris Rudd has also re­ conti nue working in a consultative ca­ cently purchased a substantial portion the first century BG. A hoard of almost pacity. He stated: "Since Liz learned up of a huge hoard of silver treasure bu r­ a thousand of these staters was un­ with me len years ago, our turnover has ied on the Isle of Wight two thousand earthed by fifteen metal detectorists in doubled, and I have no doubt that this years ago. October of 2005 at an undisclosed site has largely been the consequence of her The coins were silver staters struck on the western part of the Isle of Wight commercial acumen, her close re lation­ by the Durotriges tribe of Dorset and ship with the metal detecting communi­ west Hampshire in the second half of cominued on page 37. .. ty, and, above al l, her commitment to customer service. Liz is a collector from ~e I!l}lbe (lCurio!iitie ~boppe (a division of RCCA Ltd.) located at 111 South Orange Avenue· South Orange, NJ 07079 A complete collectors gallery buying & selling: U.S ., ancient, & foreign coins, U.S. & foreign stamps, paper money, tokens & medals, Classical Antiquities of Greece, Rome, Egypt, & Judaea, Pre-Columbian, American Indian, Africall, & Ethnographic objects & artifacts, alollg with historical alld popular autographs & l1lanuscript material, Revolutionary War & earlier Americana. BUYING & SELLING - FREE APPRAISALS "You'd be amazed at what we will buy & how much we will pay"

Elizabeth Cottam-"a passion for Celtic coins. ' Prop .: Dr. Arnold R. Saslow Phone (973) 762-1588 • Fax (973) 761-8406 a family of collectors, so she really un­ derstands the business of collecting." Email: [email protected] Elizabeth comments: "In my expe­ Gallery hours: Monday to Saturday 10: 00 - 6:00 rience there isn't that much difference between car dealing and coin dealing. Visa. MasterCard & American Express Accepted Success or failu re in both trades de­ Gift Ce rtificates Issued pends on how you handle your clients. ------I have al ways believed that if you take

January 2007 33 Fourth Annual PNG YN Scholarship Competition Announced FALLBROOK, CALIFORNIA-T he cordia Lane, Fallbrook, California 92028. by the many wonderful coins I discovered Professional Numismatists Guild (PNG) The two separate 2008 ANA Summer in my parent's neighborhood store. When again will provide a scholarship to send Seminar sessions will be held Saturday, returning home from school, I would pore a deserving young numismatist to the June 21 , to Friday, June 27, and from through the cash register in hopes of annual American Num ismatic Associa­ Saturday, June 28, to Friday, July 4. Par­ finding a new treasure for my collection. tion (ANA) Summer Seminar in Colorado tiCipants, ranging from teens to senior cit­ Many famous numismatists of our time Springs, Colorado in 2008. izens, spend 25 hours taking one course started as young, enth usiastic 'change The scholarship will cover airfare, tu­ of their choice about specific coins or pa­ searchers.' It would have been a phe­ ition for one of the two weeklong Sum­ per money, the hobby's technical or busi­ nomenal experience to have the oppor­ mer Seminar sessions in June, meals ness aspects. A complete list of courses tunity to attend a seminar like the one and six nights of dormitory accommo­ available and information about the PNG is providing to a lucky recipient." dations on the campus of Colorado Col­ Summer Seminar can be found on the The money to pay for the annual PNG lege, site of the ANA headquarters. ANA's web site, www.money.org. For YN Scholarship is administered from PNG's "For the fourth consecutive year, we additional information, please call the Gerald Bauman Memorial Fund. Bauman, are inviting all young numismatists be­ ANA Education Department at 719-482- who died in 2001, served for many years as tween the ages of 13 and 22 to apply fo r 9869 or contact them bye-mail at a prominent coin dealer with Manfra, Tordel­ the PNG scholarship. To be eligible for [email protected]. la & Brookes in New York City. consideration, entrants must submit a Young numismatists participating in the Founded in 1955, PNG is a nonprofit short essay outlining why they should be seminar program stay in a Colorado Col­ organization composed of many of the top chosen as the scholarship recipient. The lege dormitory with experienced chaper­ rare coin and paper money dealers in the deadline for receipt of the entries is ons and mentors. In addition to attending United States and seven other countries. March 31", 2008," said Robert Bruegge­ classes, they also have a variety of spe­ PNG member-dealers must adhere to a man, PNG Executive Director. cial activities and events in conjunction strict Code of Ethics in the buying and seil­ Nominations must also include the with the ANA's Summer Seminar. ing of numismatic merchandise. For ad­ applicant's name and contact information. PNG President Gary Adkins empha­ ditional information , visit online at The nominating essays can be sent by e­ sized the importance of young people to www.PNGdealers.com. mail to [email protected], or by mail the hobby. "I started collecting at the age to the PNG Executive Director, 3950 Con- of nine, and I remember being spell bound ANS Cont. from page 32

lion of Arthur Houghton, Part /I (ACNAC Quality 9) follows the same easy-Io-use orga­ Classical Coins nizational principles as Arthur Hough­ ton and Catharine Lo rber's Seleucid of Coins, Part 1, and includes b ri ef his­ Mediterranean torical introductions for each ruler, com­ mentary on remarkable coins, new at­ Civilizations tributions, and type, ruler, and minI in­ dices. The book is simultaneously an For Collectors In expansion of Houghton's 1983 cata­ logue and a foretaste of the long-await­ All Price Ranges ed second part of Seleucid Coins. This volume is part of The Ameri­ can Numismatic Society'S publication series, Ancient Coins in North Ameri­ can Collections (ACNAC) , which sys­ tematically describes and illustrates Actively Selling ancient coins in significant private and Quality Ancient Coins Generous Consignment Terms institutional collections, and is intend­ As a leading dealer, and ed to record collections of numismatic specialists in Biblical coinage, European Inquiries Welcomed value that are not readily accessible or it is our pleasure to help are likely to be dispersed. Coins of the Seleucid Empire in the Bruce Antonelli Collection of Arthur Houghton, Part /I (An­ 315 East 80th Street cient Coins in North American Collections, New York, NY 10021-0673 American Numismatic Society 2007) by Oliver Hoover. 247 pp. ISBN-13: 978-0- V is it Us Online At !".mb.~ ANA, INS, AINA 89722-299-0; ISBN-10: 089722-299-7. www.ycoins.com/inclinatioroma Box 101003 Price: US $75.00. To place an order, call NY 11210 Or e-mail us at or e-mail the American Numismatic Soci­ [email protected] [email protected] ety at 2 12-571-4470, ext 1311 , or [email protected]. 34 The Celator One Week of Auction Sales at· Gorny & Mosch in Munich the r's skin became the great surprise. by Ursula Kampmann Once again it proved that coins, even if they are not really rare, will bring great prices if they are of outstanding About 5,800 lots estimated at 3.7 beauty. The estimate was 3,000 Eu ros, million Euros were offered at Gorny & and the buyer had to pay 19,000. Masch in Munich during the week be­ Let's add two prices from the Ro­ tween October 8'" and 12'", 2007. The man section: the aureus of C. Cassius final result was nearly twice as much: Longinus, struck in 43/2 BC and in ex­ 6.8 million Euros (including buyer's fee) tremely fine to FDC, sold for 22,000 was realized within only five days! Euros (estimate: 20,000); and the au­ reus of Galba in very fine to ex­ tremely fine sold for 18,000 Euros (estimate: 14,000). Su«iaIQul-Q(.Prinlli11a The "normal" coins, which an AJ~ins . L.. Diuion/i1e , Paeonian Kings.43 pp .. II honoring those who had saved a 39 pial", (O.O,P,) , ... , , .... , , .... , .,. . ,. . ,.,.. ,. . ,. . S &0,00 drowning man (estimate: 45,000 Eu­ Li't' also available: US/Can adian. Foreign. ur AocicnV ros) . A last example shows what is Medieval (Each 600-800 title.) $ 1, 50 each for postage. AlIlhT\:C for $3.00. Spc<;ial req ues\.> holl()red, Poswge still possible: lot no. 6284, a "normal" $6.00 fo, fi rst book, $ 1. 50 each additional book. ruble of Catherine I struck in 81. Pe­ (S=Soflcovcr. H=Hardcovcr. O.O.P.=Oul·of_Prinl). tersburg in 1727, started at 1,000 Lot 240 in Gorny & Masch Auction 159 Euros and ended at 22,000! SANFORD J. DURST was this tetradrachm of Seleukos I Ni­ Gorny & Masch Auction 161, 106 Wcxxkleft Avc. kator, s·truck ca. 305/4-295 BC at the World Coins, ended the auction Freeport, NY 11520 USA $usa mint. Newell, ESM 426; SC 173, week. There were a lot of interest- Phone (516) 867-3333: Fax (516) 867-3397 4. Extremely Fine. Estimated at 3,000 E-Mail: sjdbooks@vcriwllnet Euros, it realized 19,000. contin1led on page 36 . Ebay Slore: Nwnisbooks 33 January 2007 35 Gomy/Mosch ConI. from pg. 35 Coming Events .... ing prices realized. A series of coins from Brandenburg that was estimated Jan. 6-7 Heritage World Coin Auctions, NYfNC, The Waldorf Astoria at l 07,000 Euros sold for 151 ,000. The cover piece, a gu inea ducal struck at Jan. 8 Gemini, LLC Auction IV, NYINC, The Waldorf Astoria Berlin in 1688, rose from ils estimate Jan. 8-9 Classical Numismatic Group, Inc. Triton XI Auction, of 7,500 Euros to 20,000. NYING, The Waldorf Astoria Jan. 9-10 The New York Sale Auction XVII, NYINC, Waldorf Astoria Jan. 10-13 3f!' Annual New York International Numismatic Conven~ tfon, The Waldorf Astoria Hotel, 301 Park Avenue Jan. 11-12 Ponterio & Associates Auction, NYINC, Waldorf Astoria Jan. 10-13 Florida United Numismatists (FUN) Convention, Orlando Lot 345 in Gorny & Masch Auction Jan. 12-13 Malter Galleries Auction of Alex Malloy Ubrary, Radisson 159 was this aureus of C. Cassius Lexington Hotel, New York City Longinus and M. Aquinius, struck Jan. 14 Stack's Auction of the Lawrence R. Stack Col/ection of ca. 43-42 BC at a moving mint. Cr. Ancient Greek Coins, New York City 498; Syd. 1302. Extremely Fine to FDC. Estimated at 20,000 Euros, Jan. 17-20 Tucson Coin Club Show, Convention Center, Tucson, AZ it realized 22, 000. Feb. 1-3 San Jose Coin Club Show, Fairgrounds Pavifion Hall, 344 Tully Road. San Jose. CA A series of Polish patterns became the surprise highl ight of this auction. The Feb. 14-16 Long Beach Coin, Stamp & CoJlectibJesExpo, ten lois offered fetched 18 times their Convention Genter, Long Beach, GA estimate- 103,SOO Euros against the Feb. 29 A. Tkalec AG Public Auction, Zurich, Switzerland 5,750 estimate . Here are two examples: Feb. 29-Mar. 1 Baltimore Coin & Currency Convention, Halls A, B, the pattern of 50 Groschen for 1923 sold for 4,000 Euros (estimate: 250), and a and C of the Baltimore Convention Center. pattern of 10 gui lders of 1933 fetched 28,000 Euros (estimate: 1,500). The complete list of prices realized The Ancient and Foreign Coin can be downloaded from the Internet BOSTON... Mecca afThe Northeast! at wwwcojnart.de. The next auction Semi-Annual week for Gorny & Masch is planned for March 14th to 18th , 2008 in connection BAYSTATE . ~?'~~j~~~~ wi th Num ismata Munich . March L ~" U . Fall Show - "'Orlil! and up

Box 240, Clinton, 781 -729-9677 www.baystatecoinshow.com Roolll reservations; 617. 48 2. 1800 Lot 5284 in Gorny & Masch Auc­ tion 161 was this Reale d'oro of Charles I of Naples, 1266- 12821 5, Brindisi mint. Spahr 3; Fr. 138. EXPOS UNLIMITED Very Fine to Extremely Fine, Esti­ U.S., World, Foreign & Ancient Coins, Stam.ps, Paper Money, Postcards, Tokens, mated at 2,500 Euros, it realized f.- ~_.... Cigar Label Art, Jewelry, Collectibles and More! cD. ~P.1O Trc ...... ,...,.,.. y5

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January 2007 37 A few weeks ago, I by Ray Williams opened my wallet and reached in to retrieve the Earlier this year, the American Nu­ denarius. Much to my mismatic Society CANS) held a COAC amazement and horror, I (Coinage of the Americas Conference) found the coin was broken! on the topic of SI Patrick coinage. You It had broken in half around may wonder what Ihis has to do with the bust of Caesar! Being ancient coins ... the answer is nothing! a high relief coin, the con­ While attending the even!, I had the stant pressure in my wallet opportunity to spend li me talking to placed enough pressure on ANS Curator Roben Hoge. During the the coin to eventually cause conversation, I had an opportunit y to it to crack after four years. show Robert several coins I keep in I know that the force was my wallet as "conversation pieces." not due to the wallet being Now is where the ancient coin comes overstuffed with cash, so into play. maybe it's time for larger pants (or a diet). Ray Williams' "busted" Augustus denarius. One of the coins in my wallet was Photo courtesy of the author. a denarius of Caesar Augustus. rye I met Kerry at the C4 Convention in Boston and told him considered it a fun coin 10 show be­ cause even a non-collector can appre­ about the coin. He told me that some­ About the author- Ray Williams is ciate its age, and the man on the coin times the structure of the silver con­ an electronic technician by trade, with was the person that called for the cen­ tent of ancient coins is crystalli zed. a passion for American colonial coins sus that brought Joseph and Mary to There' s no way to tell from the out­ and a wife that is tolerant of this pas­ Bethlehem. Roben noted that it was a side of the coin though. I promised sion. He is the President of the Colo­ nd rather nice example, and I shouldn't him a short note and a picture to share nial Coin Collectors Club (C4), 2 with his readers , and here it is. I have Viee President of the Garden State Nu­ keep it in my wallet. J didn't listen. I no regrets about the coin- I had a lot mismatic Association, and Vice Presi­ figured lhal if my wallet was stolen, the of fun showing it to people. [will try dent of the New Jersey Numismatic So­ coin would be the least of my worries. to locate another and find a way to ciety. He is also an ANS Fellow, and a protect it in my wallet. After aiL shar­ member of the ANA and EAC (Early ing your hobby with others i f more American Coppers). than half the enjoyment of col lecting! Jovinus Brings $1601 in Frank S. Robinson's 69th Auction ALBANY, NY- A rare silver siliqua of In the Roman section, an EF Legion­ the Roman usurper Jovinus (411-13 AD) ary denarius of Mark Antony (Legion II) broughllhe lop price in Frank S. Robin­ in EF brought $430 on a $500 bid; an son's 69 th Mail Auction of Ancient and Augustus denarius with comet reverse 111 Early Coins, which closed November 6 • and a rare variety, RSC 99, graded F­ The coin, graded F+NF with a flan crack VFNF, brought $1002, reduced from a and surface imperfections, re alized $1600 high bid; a Claudius As with Min­ $1601, reduced from a top bid of $2111. erva reverse grading EFNF+ brought Only four of the 396 lots in the auction $636; an EF Orbiana denarius fetched remained unSOld, bespeaking its unre­ $406; and a VF small bronze of Hanni­ served nature. Bids were reduced by an balianus sold for $330. average of 21%. Robinson strives to offer in each Among Greek coins, the top item sale a good mix of choice, interesting was a Baktrian tetradrachm of Antima­ and rare coins, as well as lower-val­ chos I, graded Choice EF, and bring­ ued coins for budget-minded collec­ ing $1225. An Athenian Ow l tet­ tors. Three such mail-bid sales are radrachm in About EF sold for $750; a held annually. Illustrated catalogs may Corinthian Pegasos stater in EFIVF be obtained free of charge from Rob­ brought $426; a Macedonian tet­ inson at P.O. Box 304QA, Pine Station, radrachm of Demetrios Poliorketes with Albany, NY 12203; phonelfax 518-482- Victory on prow in About VF sold for 2639; e-mail [email protected]. Cat­ $701; and a Syracusan tetradrachm of alogs can also be viewed at his web­ 485-478 BG, grading About EFIVF+ site, www.fsrcoin.com; and the results with slight porosity went for $755, re­ of the latest sale are posted at duced from a top bid of $1400. www.lsrcoin.com/resu Its. him I. 38 The Gelator Rightman Speaks to Ancient Coin Club of KENNETH W. DORNEY Los Angeles

LOS ANGELES-Members of the CLASSICAL NUMISMATIST Ancient Coin Club of Los Angeles (AC­ SINCE 1988 CLA) were tested on their knowledge of Roman history as Barry Rightman presented photographic slides of Ro­ man Imperial and Provincial coins from his collection at the club's November meeting. As Barry showed each coin, members would try to identify the ob­ verse image. By and large, they did pretty well and were stumped by only a few coins. Barry further discussed the history and provenance of the coins as he progressed through the slides. One example was a bronze .lE24 of Statilia Messalina that was minted in Ephesus. Stalilia was mistress and then third wife to Nero (from 66 to 68 GE). She was one of the few people close to Nero to survive his reign . Ancient coins and antiquities. Another coin from the presentation was a Tremiessis of the emperor Jo­ hannes (423-25 CEl that had previous­ www.coolcoins.com ly been in both the Nelson Bunker Hunt and the Virgil Brand collections. The p.o. Box 493362, Redding, CA 96049-3362 power vacuum following the death of [email protected] emperor Honorius allowed Johannes to seize power in the Western Roman Empire. Johannes was a negotiator more than a fighter, but his attempts were unsuccessful and he was killed in 425 CEo BACK ISSUES Mr. Rightman's presentation cov­ The best way to expand your an­ ered some forty coins of excellent qual­ ity. Many coins were rare or had an in­ cient numismatic horizons is to teresting provenance. collect Several guests were present at th e meeting and they were matched with club members having similar interests. ~ The Celator The meeting ended with a raffle of inter­ Back issues are one of the greatest values in nu ­ esting numismatic and historical books. mismatic literature. Coupled with The Ce/alOr in­ Members stayed after the meeting to chat dex, they provide an incredible resource of articles and discuss recent coin purchases. about almost any subject in the field of ancient The ACCLA meets at 1 PM on the coin collecting. 20d Sunday of each month. Future pro­ grams include ~ Travels and Coins of Many of the early issues are now out of stock, and Ancient Turkey" and "Ancient Greek others are in ve ry low supply. If you have ever Paintings of Paestum." Guests are al­ entertained the thought of acquiring back issues, NOW IS THE TIME. ways welcome. For more information Single issue $5 please see the ACCLA Ad on page 54 For iswes from JUlie, 1999 each additional (same order) = $3 of this issue. onward For iH lle.\· before Jlllle, 1999 Order from: Order from: nle Celuwr Do it the Easy Way - Wayne G. Sayles/Antiquarian P.O. Box 10607 P.O. Box 911 Lancaster. PA 17605 RENEW ONLINE! Gainesville. MO 65655 or call: (7 [7) 656-8557 at www.vcoins.com/ or call: (4 17) 679-2457 Fax: (717) 656-8557 Email: [email protected] Email: [email protected]

celator (,HI orders postpaid In U.S. & shipped 01 actual cos/ to all (}Iher~·.)

January 2008 39 coins of the Corieltavi, and was always dcpi(;(cd with promi nent dorsal bristles, as on the Rothwell boar. A long-legged stylized boar is also shown on the famous Iron Age shield dredged from the river Witham in about 1826, a few miles east of Lincoln and only 18 miles from where the Roth­ well boar was discovered. Tribal Boar Goes Several tribes of latc The Rothwell boar, 55mm. Iron Age Britain display toMuseum Totem animal of the Cariellavi? what might be described as triba l totem an imals on Lincoln County Museum has recently totem animal of the Corieltavi, whose their coins. For example, a ferocious acquired an Iron Age boar that is often seen name means "army of maoy rivers." wolf can be seen on early gold coins of on Iron Age coins of Lincolnshire. For the ancient Britons, the boar the Eceni. "the horse people" of East An­ In 1990, an ancient British bronze was evidently a symbol of courage in glia- thcy also had a boar on some sil­ figurine of a chubby, cheerful looking war and of military prowess. The boar ver coins- while in the southwest of En­ boar, made llIOund the first century Be featured frequently on early silver gland marine creatures were often or AD, was found by II metal detec­ shown on coins oflhe sea-faring DUTol­ loriSI ncar the village of Rothwell, a riges: crabs, starfish and shrimps. couple of miles southeast of Caistor The Rothwell bronze boar was pur­ in Lincolnshire, and shown to the latc chased by my firm from a private col­ Dr. Jeffrey May, the archaeologist who lection, reported to Adam Daubney, excavated Dragonby and was a spe­ finds liaison officer for Lincolnshire, cialist in Iron Age coinage. The fact that the statuette was conliflued on page 46.. found at the heart of the territory of Boar type silver coins of the the Corieltavi tribe is fascinating, be­ Corieltavi, ca. 55-45 Be. cause the boar was probably the tribal THE SWISS NUMISMATIC SOCIETY Founded in 1879 At the forefront of scientific and historical research for over one hundred years, the Swiss Numismatic Society has established a worldwide reputation by its work with leading scholars, collectors and dealers diffused through its well known Revueand Gazettejournals with articles in four languages, together wilh numerous monographs and special publica­ tions in SUCh series as Typos and the Catalogues of Swiss Coins. The Society itself owes its inception in 1879to the pioneering spirit of Dr. Charles Fran90is Trachsel, its founder and first president, butthe Swiss num ismatic tradition goes back to the earliest days of coin collecting in the late 15¥> century when connoisseurs like the Amerbach family of Basel, inspired by Renaissance humanists such as Erasmus of Rotterdam then residing in the city, established important cabinets. The Society continued from the old century under the guidance of Eugene Demole and Paul Stroehlin, while the new was presided over by eminent scholars such as Dietrich Schwarz Norfolk Wolf gold staters of and Colin Martin. the Eceni, ca. 60-54 Be. The Swiss Numismatic Society remains today at the service of the international numismatic community, dedicated as it is to the furtherance of the knowledge of those small but invaluable witnesses of art and history, the coins of Greece, Rome, Byzantium, the Orient, the middle ages, the modern period and Switzerland itself. By joining th is leading society, you will be able to participate directly in numismatic research and moreover be eligible to receive the annual Revue and the quarterly Gazelle, as well as members' discounts on most special publications. Appli cations for membership in the Society are welcome from all with an interest in ancient and modern numismatics. The membership fee is Sfr 130 peryear (including postage) and Sfr 2500 for life membership, or a sponsoring membership from Sfr 250 per year. Please make checks payable to the Swiss Numismatic Society. Please visit our website at: www.numisuisse.org. SWISS NUMISMATIC SOCIETY c/o Secretary: Pierre Zanchi , Alpes 10 CH-1009 Pully, Switzerland Fax: +41 21 728 65 61 Coins of the Durotriges, ca. 65- E-mail: pmzanchi @bluewin.ch 20 BC, with marine creatures.

40 The Gelator the long lost 2.000-year­ o ld palace of Q ueen He lene. T he s ize and complexity of the struc­ tu re, :IS we ll as remilins of polychrome frescoes, wa­ ter install ati ons . ritua l b:l thes, and a large elab­ orate basement. mark it as an import,lnt bu ild in g in an a rea p revious ly thought to contain onl y modest structures at best The Past Is Where during the Second Temple period. Since it is outside You Find It the Herodian walls, it is Even in Jeru sa l em. one of th e unl ikel y 10 be a structure richest and mosl interesting ,Ir(;hac­ associated with his remod­ o logical si tes in the world. a park­ eling of the cit y. ing lot is not the first pillec YOli Illi ght Quecn Hclene was look for an im portant new find. That well known for her char­ is exactly what has happened, though. ilable donation s and lav­ in an ongoing excavati on in Jerusalem ish life sty le, as well as over the paSI s ix months. her piety. whic h wou ld It all started when the Jerusalem h;lVe led her to locate her municiptdi ty decided to cx p;lfld the palace as close to the Gi vali parki ng lot. j ust a tl .side the Temple as possi ble. For Du ng Gale of the old city wnll s. AI these reasons, the struc­ Site of the "monumental structure" that could the lime, it was believed that the ture mlly well be attribut- possibly be Queen Helene's palace. Photo lower city did not extend to this area ed to her. Hopefully. fur­ courtesy of Israel Antiquities Authority. in th e Bi blical period. However. as therexcavation wi ll yield is the praclicc in Israel. a salv:lgc di g evidence that C;1Il conclusively de- was started about six months ago to cide the issue. see if any ruins wou ld be d isturbed by the proposed work. The d ig ha s revealed IwO startling discoveries accordi ng to arch:leolo­ gist Dr. Do ron Ben-Ami . who i.~ d i­ recting the dig at the site. The first is remains of the Hell eni sti c and ear­ lier Fi rs t Templ e periods. whi c h show that th e ci ty of David was mu c h larger th an previously sup­ llars

January 2008 41 this type actually carries the inscrip­ tion in ancient Hebrew script, see Meshorer, Treasury L 17.) On the obverse of these coins is an anchor within a circle. Around the circle, also in crude style and invariably incomplete. is the Greek legend "Of King Alexander.·· On some of the coins there are crude The double-dated lepton of Alexander letters, oftcn comprised of dots. at Jannaeus, struck in 78 BGE (Hendin the points of the anchor (when it is 471). Enlarged photo courtesy of the upside down) that read L KE. author. Both L KE in Greek and "koph­ The First Dated heh" in Aramaic or Hebrew rep­ resent the letter 25, hence. the "Year many that were rich cast in much. Jewish Coin 25." Since the reign of Jannaeus be­ And there carne a certain poor wid­ gan in 103 BeE. his twenty-fifty year ow. and she threw in two mites, The first dated Jewish Royal corresponds to the year 78 BCE. which make a farthing. And he coins were struck by Alexander Jan­ Many experts believe that this called unto him hi s disciples, and naeus, King and High Priest, from dated coin type was probably struck saith unto them, Verily I say unto 103 In 76 BeE. after the larger, prutah-sized anchor­ you, That this poor widow hath cast These coins arc of the half-pru­ star eoin (Hcndin-469), but before more in, than al l they which have tah or lepton denomination, and car­ the very erude and even smaller ir­ cast into the treasu ry: For all they ry designs of anchor and star. For regular leptons such as Hcndin 472. did cast in of their abundance; but centuries the inscriptions on these This seems to tell us th(lt the larger she of her want did cast in all thai coins were not understood. But in prutah coins were struck in or be­ she had. [968, Joseph Naveh deciphered the fore 78 BeE, and the smaller lep­ Because it seems that Mark was reverse Aramaic inscription around tons were struck later. Since Jannae­ making a point that the widow cast the star motif, and recognized that us ruled only until 76 BeE and the in "two mites, which make a far­ not only did Jannaeus' mint have a small crude lepton lypes are ex ­ thing" it suggests a very small form date placed on the obverse of these tremely numerous, they may have of currency. Arguments can be made coins in Greek letters, but al so on been struck over a number of years to describe any of these three coins the reverse. during the reign of Salome Alexan­ as "widow's mite" types. Most at­ Naveh was able 10 recognize that dra, Jannaeus' widow. She remained tention seems to be focused on the what was previously thought to he qucen of the Jew ish people. even very small. later crude coins, be­ an "imitation of inscription" was ac­ while there was no king. but her son cause they were the smallest coins tually an inscription in square Ara­ Hy reanus I[ he ld the title of "High struck at the time, along with some maic letters. These are the same Priest" unti I 40 BCE. much more scarce leptons of Herod style letters used 10 write modern Coincidentally, these three types the Great. Hebrew (just as Latin letters arc of anchor and star coin types- the From various archaeological ex­ used to write modern Engl ish). prutah, the dated lepton, and the cavations in Israel, including those The transliteration of this Arama~ crude leptons- are all generally at Sepphoris where J participated, it ic is "Malkah Alexandros Shnat considered to he candidates for the is well known that the crude, tiny Koph Heh," and the translation is coin discussed as the "poor widow's coins of Jannaeus continued to circu­ "King A lexander, Year 25." This m ite" discussed in Mark 12:41-44: latc wcll into and even throughout the Aramaic inscription often cont(lins "And Jesus sat over (lgainsl Ihe first century in the ancient Holy Land, errors and is almost never complete. treasury, and he held how the peo­ where, it seems, that small change was (By the way, a RARE variation of ple cast money into the treasury: and always at a premium.

Copyright © 2008 ffiH. D. RAUCH GmbH Vienna by David Hendin RAUCH Numismatist and Auctioneer since 1969 For Ancient & World Coins Historical Medals Send us your news and Next Auction: No. 82, April 2008 views All auctions now feature.~·IiVt!, ~ real-time, bidding on the II/teme! Please contact us: 01 1431 5333312 The Celator E-mail: [email protected] P.O. Box 10607 Visit our shop: www.hdrauch.com Lancaster, PA 17605-0607 Write to: A-I 010 Wien, Graben 15 (Europe) [email protected]

42 The Gelator Rarity descriptions LETTERS Always in demand, challenging, dif· ficult to find, difficult to obtain. elusive, COllti/wed from page 4 high end specimen, low mintage, pal· try mintage, permanently ensconced, Thesaurus Continued popular, premium dale, rare, remark· able, scarce, seldom encountered, tional, exciting, exemplary, exhibits, uncommon, unusual exquisite, extraordinary, Iramed, Ileur de coin, fresh, gorgeous, gushing, Ili!lli> handsome, hideous, high end speci­ Borders, circumferences, edges, men, illuminating, immaculate, impec­ outer edge, peripheries. cable, important, imposing, impressive, insignificant, intense, intricate, magnif­ icent, margins enriched, marvelous, Rare Coin of Andragoras minI state, original, outstanding, rare, Found in India; peripheries, refreshing, remarkable, Possible Counterfeit? representation, resplendent, rivet ing. robust, satisfying, shocking, spectac­ Good Morning! Kind ly see the at· ular, splendid, stunning, superlative, tached scan, as you may want to pub· superb, superior, trivial, unblemished, lish this coin in the next issue 01 The underlying, unimportant Photos enlarged. Gelator. It is said to be a FAKE coin? It was sent 10 me with the nolation that it Editor: The photo of the coin sent in Luster and surface appearance de­ was lound in Taxila? I have it before by Mr. Mabin Ahmed is of a very rare gold scriPtions me in my hands! Will scholars/experts stater (4 known?) issued in the name of Blemish, bright, bursting, cartwheel, please give their opinion? Kindly also Andragoras at Ekbatana, ca. 315 BG chalky, cloudy, colored, cut, dirty, dis­ see this Internet link at: http:// (see David R. Sear, Greek Coins and coloration, flashy, flecks, foggy, fresh www.parthia.com/parthia_coins_pre· Their Values, Vol. II , no. 6166). The coin appearance, frosty, granular, innocu· arsacid.htm. does appear /0 be a cast, and not made ous, interruption, knock, lackluster, Mobin Ahmed with the correct gold content, based on loud, many, mark, malte, mirrored, Islamabad, Pakistan the color images submitted by Mr. murky, nick, patina, peppered with ... , Ahmed. If any reader would like to view reltective, pleasing, reduced luster, mir­ the color images, please e·mail the editor. rored, multiple, premium quality, pristine, resplendent, sandblast, satiny, scratch, shrouds, silhouetting, silky, smattering 01. .. , soft, soiled, splashes of ... , sprin· Oil Lamps Important new book on kled with ... , subdued luster, swalhed, toned, verdigris, wel l preserved. of the ancient oil lamps is now available. Limited number Marks and problems on cains of copies signed by the Ab raded, abrasions, alloy spots, authors. bag marks, baggy, blemishes, carbon 1 fre e, conditionally challenged, chatter, contact marks, cosmetically tragic, die More than 1,000 lamps are striations, ding, discoloration, disrup· shown in FULL COLOR. tions, distraction free, disturbances, en­ crusted, aesthetically challenged, flecks, 180 page hardcover book. flyspecks, granular, Impaired, inade­ quate, incOfIsequentiaJ, innocuous, inter­ NOW IN STOCKI rupted, irregular, irrelevant, many, mark­ Iree, marked, marred, menial, mentioned only lor accuracy, milling mark, minimal $65.00 plus $3 shipping abrasions, minimal, miniscule, multiple, mushy, no marks 01 consequence, no significant marks, peppered, pinpoint surface indentations, plagued, porous, AMPHORA post striking impairments, reeding mark, l:j. W. Box 80S riddled, roller marks, salted, scully, spot­ ~ ~ Nyack. NY 10960 less, surfaces, tiny, trivial, uninterrupt· ,,"'.] 1>'..1 B4S·JSB-7J6-4 ed, unmarked, unmarred, unimportant. A [email protected] unobtrusive, wispy ~ http://www.vcoins.com/amphoracoins Original min! luster www.amphoracoins.com Brilliance, glow, luster, mint bloom, original radiance. January 2008 43 Thc tcchnology that makes the new readers possible, and practi­ cal, is cal led E In k. This printed­ paper analog has several unique characteristics, including very low power consumption (long time between recharging). high resolu­ tion (good fo r the aging eyes), and a crisp display. The low power consumption is a key component. modern readers arc said to be able to go up to a week (or 5,000 page turns) before a recharge. "Not Quite There" Both Sony ami Amazon sell books for their respective readers. Technology There are lite rally thousands of Wouldn't it be nice to have a sin­ copyrighted fiction and non-fiction gle device that contained all of your book titles available right now. If reference books, magazine articles, you arc looking for non-copyright­ and auction catalogs? A device that ed books, try the Guttenberg The Kindle by Amazon. displayed both lex! and images, and Projcct: http://www.gutenherg.org/ Photo courtesy of Amazon.com. included an easy to use text search? wikj/Main Page. They have 20,000 While we afC at it, the device should be frec eBooks available, includ in g format. That means books purchased about the size of a hardcover book and many historical works fr om authors through Sony can only be read on a run for a week without recharging. such as Tacitus and Ju lius Caesar. Sony reader, and Amazon books can Such devices exist and are known So far, everything sounds good, only be read on a Kindle. (Although as cBook (or e-Book) Readers, but right? Nope. T here is one s light we do believe that Sony makes the while the technology is "pretty problem. and this is why eBook reader software available for desk­ darn" close, they are not quite there readers arc " Not Quite There." top pes as well.) yet in terms of usability for coin Sony and Amazon store copy­ So, which format does a publish­ collectors. And, unfortunately, il righted books in a proprietary for­ er usc? Even worse, which reader do may be a long Lime before that us ­ mat. They also have the ability to you buy? If you arc old enough, per­ ability arrives. display text (.txt) and Adohe (.pdf) haps you remember the VHS/Be­ Believe it or nOI, cBook Readers files. The text files are, weI!. plain tamax wars. Or how about the cur­ have been around since t he late text. No graphics or images. The PDF rent Blue-Ray and HD DVD skir­ J 990s. But at that time, the technol ­ files can contain graphics, but do not mish? Will Sony versus Amazon ogy, while useable, was not mature always play well with readers. eBook readers be the next battle? enough to he really practical. In the The proprietary formats have One final note: we emailed Phil­ mid 2000s, Sony came out with their provisions for Digital Rights Man­ ip Sk ingley, associate director for first reader called the Librie, and agement (DRM), which is a software books and publishing at Spink & recentl y announced their newest layer designed to protect the copy­ Son, to sec if they had any plans to product called the PRS-505. To right holder from someone maklng release some of their considerable make things interesting, Amazon has unauthorized copies. We firmly be­ number of numismatic ti tles in an developed their own hook reader, the lieve that authors and publishers eBook format. They have looked Kindle. which will bc avai lablc for should be paid for their efforts, and into it. but due to copyright control sale by the time you read this. There DRM is particularly important for issues, have no plans for the imme­ are other readers out there. but it seems niche markets such as ancient coin diate fUlure. likely that Sony and Amazon will con­ reference books. However, at this So, there you have it. A nice piece trol the majority of the market. lime, there is no standardized DRM of technology that cou ld be of real use 10 colleclors, but. until the DRM issue is settled. not quite there yet.

Weh Site of the Month

The months site is the " Ro man Coins Of The London Mint, 296- 325 AD" created by James Pickering. As you will see, it is an obvious labor of Learn All About Collecting Ancient Coins love with a wealth of images and in­ ("o rmation. A good read. That is about it for this month. www.ancientcoinmarket.com Winter is here; it is a good time to go curl up with a glass of wine and good book on our eBook Reader. We New Articles Monthly hope it is water (or w in e) proof.

44 The Gelator letter "B" on reverse and have logically been ascribed 10 Balakros. There are, however, within this series some coins without a leiter "B." Also, there are some coins with the ietlcr "B" erased from the die. The chronology of these variants is questionable. Were the first issues struck with a "B" representing Balakros'? Was Mallos, Baiakros "B" the letter erased from the die when he was killed during a campaign several years later? Are those coins without any letter at all issues of Mazaios preceding Balakros, as often is suggested, or are they An Interesting Coin issues that replace the erased "B" series? ofMallos The sequence is uncertain and thc ques­ tion might only be answered fo llowing a The Salrapal coins of Cilicia are an thorough die study. Mallos, Bala kros no "B" interesting series about which little has What is certain is that there are no been written. Allhough the coins arc nOI known facing Athena types bearing the lier suggested? Or, were they struek at in themselves uncommon, they have name of Mazaios. It has been suggested the cities themselves?There is some log­ generally been seen, or at !cast dis~ that those variants lacking a "B" are is­ ic to Ihe proposition that Tarsos struck cussed, as isolated issues rather than a sues of Mazaios preceding the Mace­ all of these coins and marked them with coherent series. A perusal of the coins donian conquest. But. is it not also pos­ the marks of the cities providing the which appear in published collections siblc that thcse variants are the latcr vari­ metal for their issue. The only fly in the and in the market rai ses the question of ants of the series struck after the "erased ointment is that according 10 chroniclers how the monetary system of the Persian B" variants during the governorship of of the time, Alexander remitted the taxes kings in Ci licia functioned. As an ex­ Balakros' successor (apparently un­ of Mallos. In that case, Mallos should not tension of that question, what monetary known to history). It is generally con­ have paid tribute to the administration of policies were ScI in place under the ap­ ceded that the lion and bull reve~e types Balakros. If the erased "8" Athena coins pointed governor of Cilicia following are chronologically earlier than theAth­ are a retlection of the death of Balakros. Alexander the Great's victory at Issos. ena types, because of the name Mazaios and the Athena coins without "B" on the In vi rtually all of the lands that he appearing boldly on some variants of the die are later yet, then where docs a lion! conquered, Alexander dictated that the former. But one rare type- a lion and bull type without "Mazaios" or "B" fit in? coinage of his realm retain a form that bull type without the name of Mazaios Obviously, there are some problems. the local populations recogni zed and and without the leiter B- is known from This brings the whole issue of local were comfortable with. The last coins not more than a few speci mens. On the versus centralized mintage back inlO struck by the Persian Satrap Mazaios obverse, beneath the throne upon which question. It seems possible that at least and the first coins struck by Alexander's Baal is seated, we find the Greek letter the four main Cilician mints continued governor (also styled as Satrap) Balak­ "M " representing the mint of Mallos. 10 strike coins throughout the satrapal ms are so similar that they often arc con~ Actually, this mint mark is not unusual as period and into the periooofMacedonian fused today by collectors and even we know that Tarsos, Soli, Mallos and Is­ hegemony, There is no doubt that Mallos sometimes by dealers, From a political, sos were distinguished by their name or issued a robust series of coins prior to and economic and psychological standpoint, mint marks (T, S, M, I) on satraral issues after th e time of Mazaios and Balakros. thi s was a brilliant policy and it helped bearing a common motif. 1l1atAlexander's 1l1ere is no historical nor economic rea­ considerably in making Alexander's great govemor might continue this convention son 10 suspect that the mint did not con­ empire a cohesive unit. Along side of the should be no great surprise. tinue to operate during this period. indigenous types, Alexander introduced a But. were lhese coins really struck at At the very least, this rare variety regal coinage that eventually, even after a central mint in Tarsos, with tribute sil­ raises some questions that pique our in­ his death, became universal. ver from the noted cities, as 1 have ear- terest and challenge our imagination. In the days before his prudent depar­ ture from Tarsos, Mazaios struck tet­ radrachms with a seated figurc of Baal on Attica, Athens. Ca. 460A55 B.C. AR the obverse, and a lion attacking bull on tetradrachm (23 rnm, 17.13 g). Helmeted head of Athena right I Owl standing the reverse. Below the lion and bull was right, head facing, srlit tail feathers; ol­ a double row of crenellated walls. The re­ ive sprig and crescent behind; all within verse bore an inscription in Aramaic iden­ iocuse squarc. Starr grp. IV. 132 (01 15/ tifying the issuing autholity as Mazaios. R 125) == Sehman grp. N. 434a (A2921 The lirst coins struck at Tarsos in the name P369) == Svoronos pI. 9, 10. VF. minor of Balakros replicated this motif and are obverse porosity, tiny test cut on reverse distinguished by the lack of Aramaic leg­ edge at bottom. Very rare. $2750 end and the addition of a Greek letter Beta. Another series of coins from early Call or Email in the satrapy of Balakros is that wi th abo ut an artistically appealing hcad of Athena consigning facing and wearing a triple crested hel­ your coins met. These coins appear also with the January 2008 45 Rudd Cont. from page 40 Smaller than a 5 penee piece and weighing barely one gram, this unique and has recently been acquired by The silver coin has 11 cruciform noral design Collection: Art and Archaeology In on onc side, with a four-petal flower in Lincolnshire. the center and !leur-de-lis (iris Ilower) in each of the four angles. The other sidc de­ Unique King Sam Coin picts a stylized gritlin with its head tumed back, curved beak wide open. and its tail raised. Below the grifTin is a letter A. On Saturday, 8 September 2007 , Dr. Philip de Jersey, author of Celt­ a totally new type of [ron Age coin, ic Coinage in Briwin, helieves that the previously unrecorded and unpub­ coin was almost ccrtainly issucd by lished, was unearthed ncar the Anglo­ Sam. an obscure king of the Cantiaci Saxon vi llage of Wi ngham, "home of tribe of Kent, who apparentl y ruled Wiga's people," six miles east of Can ­ briefly someti mc around AD 1- 15. terbury, Kent. Samo, an anc ient Briti sh name, which has heen recorded more frequently in Gaul, means "summer." The king's full name may have been longer. suc h as Samocino "born in summer" or Samor­ ix "king of summer." The coi n was found by Mick Sen­ nett, a member of the White Cliffs Metal Detecting Club. He was using a Tesoro Unpublished silver unit of King Cibola metal detector. He says: " I have Sam of Kent (2:1 enlargement). been metal detecting regularly for fouT years and have found other ancient Bril-

QUOTES FROM THE PAST The Witham shield, 1aDem, "0 mores, usque adeone scire tuum nihil est, with stylized boar. nisi te scire hoc sciat alter?" ish coins, mostly bronze and potin coins of the Cantiaci, but never anything as Good heavClls! 15 all your kl10wledge to go utterly for exciting or as important as this unique coin of King Sam." Ilothillg uiliess other ycoyle kilOw tllat you yossess it? The coin may have been minted at the Iron Age town of Durovcrnum , "alder­ Aulus Persius Flaccus - fort" or "fort by the alder-swamp," now (A D 34-62), Saturae, I, 26 known as Canterbury, and will be auc­ tioned by my finn early in January of2oo8.

,v,M AS A YOUNG CHILD, " MTOM " RK'LL WA~ OBVIOU~LY D[~TlMED mR M [M B[R~ HIP 1M THe NUMISMATISTS' "ALL or rAMf! =

46 The Gelator Professional Directory

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qOOD LIBRARIES ON ANCI ENT COINS Brian Kritt RUb~IK NUMI S MATI CS Deale r in Ancient & Medieval Coins Specializillg ill Ancien/ WANTED ANCIENT GREEK" ROMAN G reek, Roman & iudaic Coins BYZANTINE We actively purchase desirable numis­ EARLY RUSSIAN matic books, catalogues and periodicals MEDIEVAL BALKAN in all fields, and also conduct frequent auctions. Send $10.00 for our next cata­ 1'.0.1:\. 69'S5. Sanjosc, CA 95150.6955, USA logue or visit OUT web site to find books e-m3il: rudnik(j:i rudnik.rom for Sille listed, and upcoming auctions. """"·.rudnikrom

QEORQE FREDERICK KOLBE P.O. Box 558 Fine Numismatic Books Burtonsvill e, MD 20866 P. O. Drawn 3100 . Crestline, CA 9l!l25 Tel: (9091 338-0527 · Fax: (909) 338-6980 (301 ) 236-0256 · fax (301) 989-1796 email: C FK@numi$litcom e-mail : Brian [email protected] web site: www.numislil.com

@fr:!J~lill"tIDillmr1lli!fill~Illimfr:!J8I@ill8I@i@ DAVID R. SEAR ~ CHOICE ~ can supply autographed copies ANCIENT COINS of all his publications ~ ~ including the latesl1i(1e ROMAN COINS AND THEil< VALUES, VOL. !II Fred B. Shore Special dedication inscriptions on request The perfect gift for yoursci r or the Classical Numismatics collector in your life. Allcienl Greek, Roman alld O RDE RS MAY BE PLACED Parthiall caills of tire highest M"k Antl"x,)' " H' J"I;", 0,.... " AR 0.,"";,,, {4 .' sml quality bought {md sold on my website: www.davidrsear.com Cb. lpin< G. ul No,' mocr4} Be. lim Hcul of An,h,,,,y ~I A,,,,,,, IMP Rl'C NT in)..1ono. Llllr. lie>d ofc.cw Diem ", by mail: P.O. Box 7314, Jng Beh ;nd. C"w 4 ~8n Obo. Oft'<:

C OIl\ 'SOF ISLAMIC & INDIAN Glenn Schinke GREAT B RITAIN, COINS Numismatist From the earliest times GREECE AND R OME Look/or us ai: to the present Jan. 4-6-Texas Coin Show. Grapevine, TX HELM... TED I·D/? Ql.JAIIIY & VALUE (Dalia,IFort Worth) Jan. IO -13- Florida United Numi,mat;'ls (FUN) Convention, Orlando, fL Jan. 17-20- Tucson Coin Club Show, Con- vention Center, Tucson, AZ (p l ea~e call ror spcciric re'lue!>ts, '" r will be wa lking the noor without a table) feb. 1_3 _San Jose Coin Club Show, Santa Price lists issued regrilarly, Clara Fairgrou nd,. CA Feb. 14_1 6- Lon£ Ika~h Coin, Stamp & Col- available upon request k~,ibJcs Expo j~ GJJaviJjsOIJ.S ",A ST EPHEN ALBUM 'V' Ltd. '-D..:..li.2 P.o. BOX 73B6 p ,O, Box 3371 Cold Spring, \-IN 56.310 SANTA ROSA, CA . 95407 U.s.A. \fj,;irour weh site! Rosemead, C A 91770 ph one: 707-539-2120 \"'\"\\ ' .c l a'io.~icc()ins.oom (626) 446-6775 fax: 707-539-3348 f llX (626) 446-8536

48 The Celator Professional Directory

( Coins ) ( Coins ) ( C oins ) Ancient & World Coins Specialist in .SPARTAN Ancient Coins PONTERIO Roman, Greek and Large Thalcrs, NUHfSHATrCS & ASSOCIATES, INC. 1486-ISOO, ln Exceptional Q uality PO Box 19 also stock lVorfd Minor Coins, Furlong, PA 18925 1818 Robinson Ave. Medals, Crowns, Artifacts. San Diego. CA 92103 Books and Co in cases (2 15) 343-9606 OUf inventory is among Free Illustrated Catalog (619) 299-0400 the finest in Am~rica (800) 854-2888 Occasional Lisls Available Attractive, Low Priced Fax (619) 299-6952 J AMES E. B E A C H Ancients E-mail: [email protected] Numiscellaneous Medieval PNG #308 P.O. Box 113, Owosso, MI 48867 Antiquities ¥ ANA-lM (989) 634-5415 · FAX (989) 634-9014 ~PNG Numi,[email protected] "No One Sells Better for Less" -~-

CALGARY COIN GALLERY Classical Cash ANClENT & MEDTEVAL COINS

Always Buying!!! I;;;~~'~f'7.' h:;e anciem m ins market. ",.. : -_ .• ,.,,, them so exciting and such good value? Visit our web-site at any Chris Rudd catalogue - 12 a )-car, II GREEK - ROMAN - BYZ A1~ TINE illustrated, 6"ith articles- and you' ll soon. BRITISH - EUROPEAN -ISLA1\llC It's the on ly list that lists only O!hic. Chris CHINESE - PARTHIAN - SASSANIAN www.oldromancoins.com PO Box 222, Aylsham, Norfolk GB - NRII 6lY. JUDAEAN - [NOlAN & MUCH MORE ,,' (+44) 1263 735 007 (AS \\,. :1.1. A~ Tilt: ~I() I) .:KN WOII.I. I)) (413) 5 19-5 148 f"' (44) 1263 731 777 YOUR COIN SH OP 210 Maple Street ON THE INTERNET Springfi eld, MA 011 05 www.vcoins.comlcalgarycoin E-mail : www.calgarycoin.com e-mail: [email protected] [email protected]

THE LARGEST SELECTION OF + 0IVITt1,8 + Coins CEI!irnID GolD COINS OF DIE WORLD GALLERIES SerullQr Q/lrC/lrrent,price list QINGO/CGI NUMISMATICS & PlIIUTELY peGS Ihird-party cerlified & graDed ancient 6• • • & world gold coins Or v;"it our wcbsite: Buying and Selling vcoim;.com/"ilu~· www.steinbergs.com Ancient, Medieval and All Jan. 11_13_New York I nt~rnalional Numi,· World Coins malic Convention. The Waldorf-A,toria HOld Jan . 26- Cemral Tcxas Coin Show. Wingalc COllectio .. Wamed Confercnce Cenler. Round Roc!;.. TX (Au,lin) Feb. 2-3-Fon WOrlh Coin Show. Radisson "We caler to all collectors, lIotel Nonh. 1· 35 W at Mea('halll Bh'd. Feb. S-I O-Texas Numislllalic A"oc. Winlcr beginller through advancet/" Show. Pasadena. TX Feb_ 22-24-lntcrnational Coin Club of EI Pa,o www.civitasgalleries.com Show. EI Maida Shri ne. 6331 Alabama STEINBERG'S, INC. Serving Texas JIlII-time sillce 1995 Numi

Coins ) ( Coins ) C____ C=-o::.:in=s'-----_~ ) C~----== -~

Fixed price offerings and PRICE LIST OF ANCIENT COINS lVe OffN jn'quem Ancient Bargain l'rice Li.lIt on-line auctions of ",Mcl! coma;"" "ia .ldeC/if", ojlhejollo"·ing: exceptional ancient coins ,\ncien\ Greek Coin' (.ilver & bmnze) Greek Itnp.:riaJ Co i n~ Roman EgYrlian C"ins (I) Visit Judaean & Bibli cal Co i ~s .. COlns of\he Roman ProcuJ"atoIS ' ~ , !

Jonathan K. Kern Co. Bachelor of A rts, Numismatics Ancient, Medieva l, Early American Numismatics

Specialists in NUMISMATIK Ancient, Medieval LANZ and World Coins MONCHEN Dr. Hubert Lanz P.O. BOx 2210 Luitpoldblock, Ma ximiliansplatz 10 D-80333 Mii nchen, Germany North Bend, WA 441 S. Ashland L~ Tel. (49) (R9) 29 90 70 .~.., - . ". Fax, (49) (89) 22 07 62 ~ ,; 98045 Lexington, KY 40502 ~'\, www-lanz.com ~" ' '' ''' Tel. (425) 831-8789 (859) 269-1614 You cnn view Our complete catalogs [email protected] Email: JKernCoins@ aol.com online for FREE.

yorkcoins.com Need a constant Warden - supply of new names N umismatics, LLC R om an for your mailings? A n c i e nt Briti s h Specialists on Coinages of E n g li s h , Sco tt i s h & I r i s h Hamm e r e d Advertise in the Greece, Rome, tile Near East, Central Asia & India mail P . ~!.I \' # 387 72 11 Austin Street Professional Fore'1 Hill, N~w York I Lli5·5.'54 pho", (718) 5440120 fox (7 1f\) 544 0120 ~ Directory! ",,,tlll ~"'0"}"@)"orkcoins , com Derek P.B. Warden ~ The Celator Clan"ica[ Numisma tist P.O. Box 10607 P. O. Box 12 1 Lancaster, PA 17605 Wyncotc. PA 19095 US A TellFax: (7 17) 656·8557 e-mai l: [email protected] Yo r k Coins Email: [email protected] Tel.lFax: 2 15-884-672 1 ./llifOtry lVi/son I'mjhsional Nllmismatlst

50 The Gelator Professional Directory

( Coins ) ( Coins ) ( Coins )

Visiting: San Francisco? AMPHORA The Silicon Valley? Pegasi Jewish ' Biblical Stanford University? NUM ISMATI CS Greek · Roman TREASURE Ann Arbor, MI Holicong, PA Coins· Weights Visit ... ISLAND Classicalllllmismatis/s serving beginllers 1111"11 adwmced cu!leclurs Antiquities' Jewelry We carry a large inventory of Ancients as well as the largest Free Illustrated Catalogs Free iIIuslrated liST Philatelic stock in the Bay Area. available upon request Classical Greek, Roman, TREASURE ISLAND Byzantine. and Medieval " We wrote the book 3703 EI Camino Real Coins. Books & Antiquities on Biblical coins!" Palo Alto , CA 94306 P.O. Box 131040 AMPHORAe~) (650) 855-9905 Ann Arbor, MI48113 ~ Po. 80. 80S ~ \ email: [email protected] '9_ ~ Nya

ANCI ENT ~ RARE IMPORTS ~ _=.~ SPS2!~'~he Coinage of ludaea WWW.ANCIENTIMPORTS.COM eEL TIC ROJv\AN, EASTERN, * Ancient BIBLICAL, GREEK, BYlANTINE * Medieval SPECIALIZ ING IN CElTIC (OINS * Modern Siamak Ahghari Of I NumiSIlla1ist William M . Rosenblum, llC • Coins of Greek. R01llrw. P.O. Box 785 Littleton. CO 80160-0785 Seirucirl, B), 2.al!tillf. etc. Phone: (720) 981-0785 or (303) 910-8245 SjJeciali·,jng in Eastcm Coinage Fax: (720) 981-5345 P.O. Box 9667. San Jose. CA 95157 GRAND MARAIS, MN 55604 E-mail: [email protected] tel: 408.SI)().48IS fax: 408.867.0950 [email protected] www.rosenblumcoins.com email: info@parscoin. •. com

Kenneth W, Dorney JIrtemide JIste s, r, [ Now online al 1t'1t'1t'. w:oifls.coIII Three to four auctions per year. Ii11U$$icul ~umi$muti$t Write us for FREE catalogue! Greek, Roman and Medieval Coins Papal Coins and Medals ll3lian and World Coins Numismatic books

* Catalogues Issued Monthly ~ • Please write for free sample Artemide Aste S.r.I. Via A. Giang; 4 - 47891 Dogana Wapm ilL 1I1)iIIips On the Web Since 1995: REPUBLIC OF SAN MARINO Post Office Box 4096 www.coolcoins.com tel: + 378 908845 fax: +378 972 142 Diamond Bar. CA 91765-0096 p.o. Box 493362 c·mail: [email protected] Phone/Fax: (909) 629-0757 Redding, CA 96049-3362 www.artemideaste.com (530) 222-8207 Vis;! our web,ite for our internet sale! Serving the Collector Since 1959

January 2008 51 Professional Directory

(___ ~C~o=in=s~&~B~oo~k=s ____ ) ( Coins ) ( Coins ) ~-----=-'--'=-~ ~---==-~

Ancient Coins, Jean ELSEN Antiquities, Literature & ses Fils s.a. & Related Collectibles! Bought, Sold and Auctioned! One of the OMesf !'iritis in the U.S. dealing in A", ient Coins .' {"'''m website: http://www.\"osper4coins.co.uk Tel. 32.2.73 4. 63.56 Fa x 32.2.735. 77.78 www.maltergalleries.com

'Jv{&Jv{ IRa Ip hj2~£~:41 reo 'JI(umismatics, Lta. PO. Box 705, Murray Hill, NJ 07974-0705 USA Telephone (908) 803-7787 marQQi n ~ @: r;;Qm Qast . net Visit u s on the web at VCoins http://www,vcoins,com/ ralphdemarco Fixed Price Lists Public Sales' Appraisals Buying and Selling KIRK DAVIS Contact Lucien Birkler Classical Numismatics Seost Coins. LLC (Membe<: A NA. ANS. ACCG) PO 60< 510897 - New Beri n. I'll 53151·0897 _ USA P. O. Box 65908 Greek' Roman ' Cel ti c ZacI1 Beasley - [email protected] Washing ton. D.C. 20035 Numis matic Literatu re Sales: www.vcoins.com/bea siCOO ns Re&earch, WWii.beaS\coi n$.COM TeL 202-833-3770 ' Fax 202-429-5275 Ill ustrated Catalogues iss ued quarterly Top doll ar paid for sin gle coins or entire collections On Tbe Road - Please call or wrile and express your inicresl ~ The Post Office Box 324 " The Celalor's Claremont, CA 91711 USA now & Club (909) 625-5426 ~Ce lator has a great deal to offer: ~ SCUdaie • Annual Subscriptions Jan. 9-14- New York Interna­ • Co rdex Bi nders (back in tional Numismatic Convention, sRhinx . slock @ $20 - pos tpaid to The Waldorf Astoria Hotel, New U.S. addresses on ly) York City, Look for The Celator's NumismatICs • Back Issues (from th e table near the registration table in the oriental Greek • tslamic • Parthia n Rotunda area. June, 1999 iss ue and after) Feb. 29-March l-Raltimore www.vcoins.comlsphinx P.O, Box 10607 Coin & Currency Convention. TEL. 905-947-0954 Lancaster, PA 17605 Halls A, B. and C of the Baltimore Convention Center. ymishri ki @sympatico.ca Tel/Fax: (717) 656-8557 CANADA Email: [email protected]

52 The Gelator Professional Directory

( Coins & Shows ) ( Clubs & Societies ) ( Numismatic Services)

WEISS WIN COllECTABLE SALES Women In ANCIENT-MEDIEVAL-EARLY FOREIGN Numis­ QUALITY COINS FOR EVERY BUDGET VISIT OUR TABLE AT THESE SHOWS: matics WIN is a non­ 1'111 . to-13- Fl orida United Numismatists, profit organi zation dedic ated to !NI ~ E~ , ATlRi~ 0VA~iON &Ii! Or;mge O y. Com'ent;"" 0,-. Orbndo. FL 8flA.'{fRf: ~ Jan . 11- 13- NY International Numis. COIlV ., the pro m otion of numi sma tics fCfl AIlClEllT GR"UJ(, ROI\.!t..'H WJldorf-ASlori;< Hotel, New Yo rk. NY among women through encour­ Jan. IS-20-Wilmington Coin Cl ub. Nur Shrine Temple, New Castle. DE age ment , education and network­ ing. For further information , please con tact Board M ember­ PO ST OFFI CE BOX 661 at-Large, Lorraine S. We iss, at Display Adver­ HOPATCONG. NJ 07843 We [email protected] or (973) 398-0700 973-398-0700. tising Rates Targeted directly fP ffJ wiP ffJO Now Available for to collectors Subscription Payments of ancient and Now offering PayPal as an option you can use to conveniently pay for medieval coins yo ur subscript ion, Celator binders, or bac k issues. Just send pay­ and antiquities. ment t o: [email protected]. and you can pay using the cred it card of your choice or have the monies automatically deduct ed f rom 1/6 Page - $80 your checking account . Just go to our secure site at www.vcoins.com/ celator where you can use PoypaJ or your Visa/Mastercard. 1/3 Page - $140 The Celator ~ 1/2 Page - $200 Full Page - $400 P.O. Box 10607, Lancaster, PA 17605 ""IiJ!P'I 1,.,1 PhonelFax (717) 656-8557 __ (single insertion prepa id rales) Annual contract & multiple insertion Notes for Authors & Contributors discounts available

All con tributions to The Cc/ator leases and ri ghts are sub mitted at Call or write for more are welcome and encouraged. As the time of p ublication. information or a copy of a pop ular journal, it is our goal to Manuscripts should be sub mit­ our current rate card! serve as a venue to educa te and en­ ted in Microsoft Word format, and tertain our readers, and to provide can be sent as an e-mail attach­ a forum for the interchange of ment. Please contact the editor for id eas. The ed itor does reserve the additional information about pho­ righ t to edit and /or modify any tographs and o ther illustra tions. submission to in sure compliance Please do not send photographs as with our editorial policies. We can­ e-mail attachments before con tact­ • not guarantee the publication of ing the editor first. The Celator any submission. Preference will be Manuscripts a nd illustra tions P.O. Box 10607 given to original, p reviously un­ can also be sen t to the Editor c/ a Lanc aste r, P A 17605-0607 p ublished material, but previously The Celrdor, P.O. Box 10607, L m ­ published articles, etcetera are ca s ter, PA 17605-0607 or TeVFax (717) 656-8557 welcome p rovided the p roper re- Kerence@frontiernet. net. Email: Kerry@ celator.com

January 2008 53 Club & Society Directory

Ancient Coin Club Twin Cities Orange Count!) 01 Chicago Ancient Coin Club Meets the 41h Thursday of the month OCACC at 7:30pm at Immanuel Lutheran r'\ncicnt Coin Club Chu rch, 104 Snelling Ave., one block south of Grand Ave. in St. Paul, MN. The OCACC m«t ~ on lhe4\h Sunday Oflhe monlh For more information, please contact from 1: 30 -4 : ~OPM allb< FounUl in v.lley Public Library. lhe library i. localed al 17635 Los Alamos the Club Secretary, John l. Haer, at SIr"",;n Fountain V. lley. PI •• "" C""l.>Cl lJreU lelford [email protected]'s ., (949) 463·3397 or .' bretl@ooc,!coi"".oomfo< website at http://tinyurl.com!w5wkn. det3 ilo "" futuro rnc-elin8' ",ww."""!coin•. comlOCACC.hlm

D.A.W.N. !JInc/enl Xum/smahc Please I dis~ Denver Area World c50ciely oj72Jashinylofl) 7JC cussion Greek, Roman and NumismatislS Usually meets the 3f1 .n Del:>icatet> tion, please contact the club at Society of the 13\jza>1tj>1e C"llect"rs SF A [email protected]. Delaware Valley Meets Saturday Noon at major events: Meets the 2nd Saturday of each January NYINC, Spring CSNS, Sum­ mer ANA, with guest speaker and month at I :OOpm at Camden PAN - The Pacific mutual display of treasures. Annual County Library, 15 MacArthur dues are $10. Contact the Empress at Ancient Numismatists Blvd., Westmont, NJ 08108. For [email protected]. Dues to ADBC, Meets the 2nd Sunday information. please cal l Dick P.O. Box 585, Okemos, MI 48805- of the month al1 :OOpm Shultz at (856) 667-0346. 0585; (517) 349-0799 l'& P~ at the Bellevue Public Library in Bellevue. ~ WA. For further infor- Wayne G. Sayles. mation write to PAN at Executive Director P.O. Box 1384, Langley, WA 417-679-2142 98260. www.pnna.org/pan hUp:lfw\,,r\.v.accg. us

Join a Club & Enjoy Your Hobby Even More!

54 The Gelator TNDEX OF DISPLAY ADVERTISERS Celator Classifieds /llt>um, Stephen . . 48 Amphora 43 , 51 Ancien! Coin Markel (ACM-L) 44 Rates: $5.00 for the first 20 words, 20q; each additional word. Ancienl lmportS . . '., _,_, ... " ...... ,. .. 51 ilntiqua loc. ,.,., ,., ...... 10 Artemide ASia s,r.!. 51 STILL LOOKING for a special book FOR SALE: 1,000+ Ancient, Medi­ Arte Primilivo ...... " ...... 47 on ancient or foreign coins? Please visit eval and Wo rl d Coins and medals at M IMe SA ...... 24 Ilay S'al. CoO-> Show " ...... " ...... " .. .. " ...... " ...... , 36 our websi te: www.vandcrdusscn.com. www.ci vitasgalleries.com. We also Ileacn, James E...... " ...... 49 Van def Dussen - Numismatic Books, buy co llections. P lease offer: 608- Ileast Coin. 52 836- 1777. 1. 10/081 Berl< ltd. . Harlan J 47 Witmakersstraat 14-A, 62 [1 18 Berman, Allen G. , .. ... 14 Calgary Coin Gallery 49 Maastricht, Netherlands. [07/08J ArtisOpusGallcry.com. Ancient Coins and Cederli nd, Tom .... " ...... , Inside Fronl Cover CGB-(:GF ...... " ...... , " ...... 20 Antiqui ties. Antiquarian Engravings and Civilas Galleries .. " ...... " ...... 49 Classical Cash 49 Books. New Offering- A nice selection of Classical Nu mismatic Group. Inc, .. .. , Inside Back Cover affordable Cel t-Iberian coins. 104/08] CoinArt.net 47 Colosseum Coin EXCha"9" 29 , 47 Da. i. , Charte. 37 Davi$, Kirl< 28, 52 Daoissons ltd 48 DeMarco, Dr, Ralph 52 Di. NOC<"Ian Webb ...... " ...... " ...... 22 Dorney, Kennelh W ...... " ...... , 39, 51 VlSITTHE CELATOR Dursl. Sanford J, ...... , J5 Elsen & ses F~ s s.a .• Jean...... 52 ANCIENT COIN RESOURCE CENTER at Fragments Of Tome ...... " ...... " ...... 47 Freeman ~ Sear ...... 23 Gorny ~ Mosc/1 3 1 HO Enlerprises ...... , 47 www.celator.com Herakles Numismalics, l.-.c. 47 Hentall" Numismatic Auctions. l.-.c , 11 Historic Real Treasures 31 Incl inatioroma ...... " ...... " ...... , 34 for information that is useful to the collector! Independent Coin Grading (ICG) ...... " ...... 9 Je ncek. JoIm ...... 8 Kern Co .• Jonathan K. 50 Kolbe, George Frederick 32,48 Krill, Brian ...... 41! lHS Numismalics ltd 23 Loos, Scon 1\ Lisa ...... 50 Malter GaUer",. l.-.c 52 MA·Shops.com 19 MMoo ~ Eden Lt<.! ...... " ...... 37 Murphy. Barry P. 47 M & M Numismalics, ltd...... 52 M & R Coins 50 M[In''''' und Medaillen Companies 7 New York Imernalional Nu "",,smatic Coov. 15 Nilu. Coi nslBin h lmbach ...... 49 Numismatica Affi Classlca AG 12 Numismati K l am MOnchen ...... " ...... " .. 50 Pars Coins 41 . 51 Pearl man. Richard , ...... " .... 38 Pegasi Numismatics 5.51 - Dealers Peus. Dr, Buss.o Nachfolger .. 16 Ph il ~ ps. Wayne C...... "" ...... ,, " 51 - Numismatists - Curators Poole rjo & Associates ...... 3, 21,26.49 Profe$sional Numismatists Guild ...... " ...... 30 - Collectors • Librarians Ra uch GmbH , H.D. 42 Rownblum. LLC. Winiam M ...... " ...... 6. 51 - Antiquarians - Teachers Rudd, Ch ris 4.49 Rudnil< Numismatics ...... " ...... " ...... 48 - Classicists • Art Historians Ryr>earsoo. Paul ...... 50 Sayles & La.endsr ...... " ...... 45 - Archaeologists - Gift Givers Sayles, Wayne G .. Antiquarian ...... 50 Schinke. Glenn ...... 48 Sear, David A. 48 Shore. Fred B ...... 48 Sixllid.com 37 Subscn'be to the award winning publication Smyt"", A.M...... 48 SF"'rtan Numismatics ...... 49 specializing in ancient and medieval coins Sphinx Numismalics 52 &._"'~ ....r'i.. __ ~ ...... _ .... ______- _ ____.._IIIiii'iIiIii' _ _ _ Spi nk 1\ Soo Lid, 25 Stack's Sack C<:wer Steinberg's. Inc .. ... " ...... " ...... 49 Please include me as a subscriber to The Celator: Tome Machine Co, 47 Tka1ecAG ...... " ...... 17 Treasure Island ...... " ...... " ...... 51 Name Subscription Rates: VCoins.com 13 Vosper, Mike 52 Address ______(1 -year/2-year) waddell , E(lwsrd J. Lt6...... " ...... " ...... 16, 48 $30 I $54 United States Warden Nu "",,smatics. llC 50 City ______w eiss Collectable Sa les ...... " ...... 53 $68 Canada WdclWinds.com ...... 53 $361 Woods. Gleon W...... " ...... 27 $60/ $1 08 International Ye 0Ide Cu,jositie Shoppe ...... 33 Slate Zip York Coins ...... 50 (Visa/MasterCard Accepted; ZUzim Judaea ...... " ...... 34 1'II.j D Enclosed is a check or money ord er Checks /01 Canada and Interna­ tional subscriptions must be in ~ 0 Please bill my MastercardN isa US $ drawn on a US bank) Overse

~------~ January 2008 55 2008 NYINC Educational Ancient Coin Word Search Programs Announced By Jim Hauck Lancaster, PA-The educational programs for the 36,h Annual New York International Numismatic Convention (NYINC) have been an­ nounced by Kerry Wetlerstrom, Educational Chairman for the NY­ o S S RON R ET A T S INC. The NYINC sponsors a day of numismatic lectures and discus­ sions in conjunction with this major international convention on Sal­ MBECELATOR UL urday, January 12'h, 2008 at The Waldorf Astoria Holel in New York H AVCNV PTMI N T City (301 Park Avenue). All educational programs take place on the 18t h floor of the Waldorf, the same fl oor as the bourse , and are either A A 0 E A T ERTAAA in the Library, Sulton or Beekman Suiles. For further information on MHCA R 0 A R T E T D the NYINC Educational Forum, please contact Kerry Wetlerslrom at 717-656-8557 or [email protected]. M S E S I S E H S E R

1 OAM - Ancient Gain Collectors Guild-nACCG 2007- A Tu rning E L T RUT E NNE E A Point"-a discussion led by Wayne G. Sayles. Sutton Suite. RES E S N U 0 T G E C ORR E SMMARERH 10AM-3PM-Program for Young Numismatists- Moderated by Larry Gentile. The Library. U U S U ID NO PUDM

11 AM- Association of Dedicated Byzantine Col/ectors- Don ANRR OEFWMTWS Squires will be speaking on "The Emperor's Bust on the Solidus and N OM 0 S FULEROD its Successors 491 -1091 AD." Beekman Suite. Donald Squires is a col lector and student of Byzantine coinage from Massachusetts. His NYINC lectu re will have as its subject the evolution of the solo portrait bust of the Byzantine emperor on the standard gold coin of the Empire (the sol idus and later the histame­ Athens Aureus Celator non and the tetarteron) from Anastasius I to the pre-refo rm coinage Denarius Die Draehm of Alexius I. Using coins from his collection, he wi ll show how the Dupondius Forger Fo uree iconography inherited from the Roman Empire was gradually trans­ formed to something instantl y recogn izable as Byzantine while yet Hammer Mint Moneta remaining in essence a faithful continuation of the Roman tradition. Nomos Obverse Owl Reverse Senate Sestertius Noon- Medal Collectors of America-Dr. Ira Rezak will speak on "A Century of Medals. and Still Counting: Anniversaries of the Jews Stater Tetradrachm Turtle in America." Sulton Suite. Dr. Ira Rezak is a noted collector and author from New Yo rk. His 2PM- Saciete americaine pour I'Etude de la Numisma­ talk will focus on the three American medals (1905, 1955, 2004) that tique franyaise-John Kraljevich will be speaking on "H unt­ commemorated the 25Oth, 300th and 350th anniversaries of Jewish ing fo r Eagles: Pierre L'Enfant and the Society of the Cin­ settlement in America. cinnati." Sulton Suite. John Kraljevich is a noted collector, cataloguer and re­ 1 PM - Classical and Medieval Numismatic Society-Dr. Ursula searcher. After working for Bowers and Merena Galleries, Kampmann will be speaking on "Why Sigismund, called "R ich in Ameri can Numismatic Rarities, and most recently Stack's. Coins," died as poor as a church mouse!" Beekman Suite. he has started his own firm-John Kraljevich Americana and Dr. Ursula Kampmann is a noted numismatic scholar and author Numismati cs- based in New York City. from Germany. Her talk will focus on Sigismund, the archduke of Tyrol, who when on his deathbed. asked the surrounding mourners 3P M- Saciety for Ancient Numismatics- Edward Cohen for a final favor: he wanted to cool his fi ngers by dipping them in will speak on "Decimal Numbers on Coins From Their Be­ vessels filled with coins. But he, Sigismund, also called "rich in coins," ginning in the Ninth Century." Beekman Suite. owned not a single coin anymore. This lecture will explain how this Edward Cohen is a long-time collector from New Jersey happened. It will deal with the way the archdukes of Tyrol took ad­ specializing in dated coins, ancient to medieval. His talk vantage at the silver mines at Schwaz. with the invention of the first will describe through coins the development of our decimal crown and with medieval mentality and the influence it had on the numbers and how they spread around the world. He'll also princely budget. tell about the people who resisted their use, such as Rech­ enmeisters using Roman numerals. The topic will span three continents and use coins and maps.

4PM- Russian Numismatic Society-A roundtable dis­ Say you read it in cussion. Sutton Suite.

7:30PM-Bermanian Guild of Numismatics (8eGON)- An The Celator association of hobbyists, scholars and dealers getting to­ gether in the spirit of Bermania. Sulton Suite. 56 The Celatar TRITON XI In Conjunction With the 36th Annual New York Internalional

January 8-9, 2008 Waldorf-Astoria HQlel

Featuring:

Over 1800 Lots (Presale Estimate of over $5 Million)

Greek, Roman (PlVvincial, Republican, and Imperial), Byzantine, Early Medieval, World, Russian, British, and Large Lots

Highlighted by specialized collections of ancient North African, Augustus, Byzantine Seals, Klippes, Russian Roubles, and early Norman Pennies

Presen ted by

Classical Numismatic Group, Inc. Post Office Box 479 · Lancaster, Pennsylvania 17608-0479 14 Old Bond Street · London WI S 4PP Tel: (717) 390-9194 • Fax: (7 17) 390-9978 Tel: +44 (20) 7495- 1888 · Fax: +44 (20) 7499-591 6 Email: [email protected] Coills /rolll tile sale may be viewed oll/ill(' at www.clIgcojlls.com Catalogue $40 I £25 / €35 With specia l emphasis on the Gold and Silver issues of Magna Graecia and Sici ly and an extraordinary offering of Athenian Wappcnmiinzen and Archai c Owls. Additional consign ments of Ancient Greek and Roman coins include a fine offering of Roman Impcratorial Silver as well as Roman Imperial Bronzes and a specialized collection of the coins of Julian II the Apostate. Extensive, full-col or catalogs wil l be available in December.

123 West 57th Street· New York, NY 1001 9 ·800-566-2580' fAX: (212) 245-5018 P.O. Box 1804 • Wolfe boro, NH 03894 · 866-811 -1804' email: [email protected] Auctions · Appraisals · Retail· Since 1935

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