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This is the rarest Othodenariustype and one of the rarest 1st century Roman denarii. Only two museums, Paris and ANS, hold examples. A further specimen was found in archeological context in Denmark in 1990s. Besides these, four additional specimens are known. This coin has the best portrait and is clearly the most attractive of the seven known. Jyrki Muona obtained it in 2002 at the NYINC from Glenn Woods.
Otho minted three separate issues. The first and second issues followed Galba's standard of 90% silver. Otho's third issue was debased to 80% silver. All coins of the third issue share the reverselegendPONT MAX, perhaps to make it easy to distinguish the debased coins. One might think our rare coin is a reverselegend error for Otho's third issue, PONT MAXCerestype. However, as Butcheret al. have shown, this is not the case. If CERES AVG was a simple reverselegend error, the flan would be 80% silver. This CERES AVGtype was struck in a second issue of 90% silver flans, probably during planning for the third issue, and perhaps only for testing. The type was apparently not distributed, and was withdrawn, and melted when it was decided to debase the coinage and use the PONT MAXlegend. It appears a small number were released, most likely by mistake.RS85563. Silver denarius, Muona Otho 10b; Butcher-Ponting-Muona 6; ANSCD 1958.217.1; BnF III 1; RIC I 1 (R3, 7 spec. known, all minted with the same die-pair), Nice VF, the best portrait and most attractive of the seven known specimens, light rose toning, a few light marks and spots of porosity, weight 3.272 g, maximum diameter 17.5 mm, die axis 180o, Rome mint, 9 Mar - 17 Apr 69 A.D.; obverse IMP OTHOCAESAR AVG TRP, bare head right; reverseCERES AVG, Ceres standing left, grain-ears raised in right hand, cornucopia in left hand; rarest Othodenariustype; from the Jyrki Muona Collection, ex Glenn Woods (NYINC, 2002); $5000.00 (€4250.00)
Phokaia, Ionia, c. 625 - 522 B.C.
Phocaea, or Phokaia, was an ancient Ionian Greek city on the western coast of Anatolia. Greek colonists from Phocaea founded the colony of Massalia (modern day Marseille, in France) in 600 B.C., Emporion (modern day Empúries, in Catalonia, Spain) in 575 B.C. and Elea (modern day Velia, in Campania, Italy) in 540 B.C.SH86204. Electrum hekte, Triton XVI, lot 464; Bodenstedt - (cf. Em. 1), aEF, well centered and struck, small edge cracks, weight 2.575 g, maximum diameter 10.3 mm, die axis 0o, Phokaia (Foca, Turkey) mint, c. 625/0 - 522 B.C.; obverse forepart of seal right, dolphin swimming downward behind, annulet or ring below; reverse irregular incuse square punch; ex Numismatik Naumann auction 40, lot 270; extremely rare; $3800.00 (€3230.00)
Elagabalus, 16 May 218 - 11 March 222 A.D., Philippopolis, Thrace
Nomos described this coin as, "An extraordinary piece, especially with remains of its original silver plating. Some marks from cleaning, otherwise, about extremely fine."SH85458. Silveredmedallion, okatassarion or quinarius; SNG Cop 784; Varbanov III 1721 (R8); Mionnet I, p. 419, 358 (R6); Mouchmov 5428 (all same dies), aEF, cleaning marks, areas of light corrosion, weight 38.718 g, maximum diameter 40.8 mm, die axis 15o, Philippopolis mint, 218 - 222 A.D.; obverse AYT K M AYPΛ ANTΩNEINOC CEB, laureate, draped, and cuirassed three-quarter length bust of Elagabalus left; reverse MHTPOΠOΛEΩC ΦIΛIΠΠOΠOΛEΩC NEΩ KOPOY, youthful Herakles standing left, nude but for lion's skin draped around his left forearm, resting his right hand on the handle of a club set on the ground and holding an apple in his left hand; big 40.8mm bronze!, ex Nomos AG, auction 10 (18 May 2015), lot 115 (realized approximately $4686 including buyers fee); extremely rare; $3400.00 (€2890.00)
Syracuse, Sicily, Second Democracy, 466 - 405 B.C.
Following Heron's death, democracy was restored in 466 B.C. Similar to at Athens, the polis was governed by a council and popular assembly with an executive consisting of elected generals or strategoi. Syracuse fought against Athens 427 - 424 B.C. and again 415 - 413 B.C.; ultimately Syracuse was victorious. With further reforms by Diocles, the democratic nature of Syracuse's political structure was further strengthened.SH86210. Silver tetradrachm, Boehringer Series XVIIa, 586 (V291/R396); SNG ANS 189 (same dies); McClean 2670 (same); Pozzi 582 (same); HGC 2 1313, gVF, finestyle, lightly toned, well centered, tight flan as always for the type, light bumps and marks, light porosity, slight die shift on reverse, pre-strike casting sprue remnant, weight 16.999 g, maximum diameter 26.1 mm, die axis 135o, Syracuse mint, c. 440 - 430 B.C.; obverse Charioteer driving quadriga right, Nike flying right above crowning horses, ketos right in exergue; reverse ΣYPAKOΣON, head of Arethusa right, hair bound with wide taenia, four dolphins swimming around; ex CNG auction 102 (18 May 2016), lot 143; ex Allan Smith M.D. Collection; ex CNG auction 81 (20 May 2009), lot 162; rare; $3000.00 (€2550.00)
Caligula, 16 March 37 - 24 January 41 A.D.
The wreath on the reverse is the corona civica, the oak wreath awarded to Roman citizens ex senatus consulto (by special decree of the Senate) for saving the life of another citizen by slaying an enemy in battle. It became a prerogative for Roman emperors to be awarded the Civic Crown, originating with Augustus, who was awarded it in 27 B.C. for saving the lives of citizens by ending the series of civil wars. SH86121. Orichalcumsestertius, RIC I 37, BMCRE I 38, Cohen I 24, BnF II 50, Hunter I 15, SRCV I -, Choice VF, Tiberpatina, centered and struck, attractive young portrait, some marks and corrosion, weight 26.709 g, maximum diameter 33.8 mm, die axis 180o, Rome mint, 37 - 38 A.D.; obverse C CAESAR AVG GERMANICVSPON MTR POT, laureate head left; reverseS P Q R / P P / OB CIVES / SERVATOS in four lines within Corona Civica oak wreath; rare; $2400.00 (€2040.00)
Otho, 15 January 69 - 17 April 69 A.D., Antioch, Seleucis and Pieria, Syria
Gaius Licinius Mucianus (named on this coin) was governor of Syria. When he failed to put down the Jewish revolt, Vespasian was sent to replace him. After the death of Galba, Mucianus and Vespasian both swore allegiance to Otho. Mucianus persuaded Vespasian to take up arms against Vitellius, who had seized the throne. They agreed Vespasian would settle affairs in the East, while Mucianus made would attack Vitellius. On his way to Rome, Mucianus defeated a Dacian invasion of Moesia. Mucianus reached Rome the day after Vitellius' death. Mucianus never wavered in his allegiance to Vespasian and was appointed consul for the third time in 72. As no mention is made of Mucianus during the reigns of Titus or Domitian, he probably died during the reign of Vespasian.RP85562. Bronze AE 28, McAlee 319 (ex. rare, same dies), cf. RPC 4316 (not specifying obverselegend direction), aVF, nice portrait, dark patina with buff earthen highlighting, spots of light corrosion, obverselegend mostly weak or off flan, weight 11.757 g, maximum diameter 27.9 mm, die axis 0o, Antioch (Antakya, Turkey) mint, 15 Jan 69 - 17 Apr 69 A.D.; obverse [IMP M OT]-HO - [CAE AVG] (counterclockwise from upper left), head laureate right, dot in field behind; reverse EΠI / MOYKIA/NOY AN/TIOXEΩ/N ET ZIP (legate Mucianus, of Antioch, year 117) in five lines within a linear circle in a laurel wreath; this variant with a counterclockwise obverselegend is extremely rare; ex Gemini auction XIII (6 Apr 2017), lot 158, ex Jyrki Muona Collection; $2250.00 (€1912.50)
Caligula, 16 March 37 - 24 January 41 A.D.
The wreath on the reverse is the corona civica, the oak wreath awarded to Roman citizens ex senatus consulto (by special decree of the Senate) for saving the life of another citizen by slaying an enemy in battle. It became a prerogative for Roman emperors to be awarded the Civic Crown, originating with Augustus, who was awarded it in 27 B.C. for saving the lives of citizens by ending the series of civil wars. RB86122. Orichalcumsestertius, RIC I 37, BMCRE I 38, Cohen I 24, BnF II 50, Hunter I 15, SRCV I -, VF, attractively centered on a broad flan, brass and tan contrasts, weight 27.910 g, maximum diameter 35.7 mm, die axis 180o, Rome mint, 37 - 38 A.D.; obverse C CAESAR AVG GERMANICVSPON MTR POT, laureate head left; reverseS P Q R / P P / OB CIVES / SERVATOS in four lines within Corona Civica oak wreath; rare; $1900.00 (€1615.00)
Julian II "the Apostate," February 360 - 26 June 363 A.D.
Although Eastern Solidi of Julian II seem fairly common, the Western issues are quite scarce and this type from Arles is very rare. Zeus' eagle in the right field has been interpreted to indicate pagan influence at the Arelatum mint. SH86350. Gold solidus, RIC VIIIArles 303 (R2), Depeyrot EMA 145/1, Cohen VIII 75, SRCV V 19097, Hunter V -, aVF, clipped flan, graffitiobverse right field, bumps and scratches, die break reverse lower left, weight 3.202 g, maximum diameter 18.4 mm, die axis 180o, Constantia-Arelatum (Arles, France) mint, 360 - 363 A.D.; obverse FL CL IVLIANVS P P AVG, pearl-diademed, draped, and cuirassedbust right, seen from the front; reverseVIRTVS EXERC GALL (the courage of the Roman army in Gaul), soldier (Julian?) advancing right, helmeted and wearing military garb, head left, right hand on the head of a bound captive on one knee, trophy of arms in left hand across left shoulder; eagle right in right field, looking left, wreath in beak; KONSTAN (TAN ligate) in exergue; ex iNumis auction 20 May 2010 (€1740 including fees); very rare; $1700.00 (€1445.00)
Macedonian Kingdom, Antigonus I Monophthalmus or Antigonus II Gonatus, 306 - 270 B.C.
Unpublished in the standard references and not yet fully attributed, this is only the second specimen of this extremely rare and important drachm known to Forum. Both specimens were struck with the same reverse die. Gorny & Mosch wrote of their specimen: "Troxell recorded a very rare issue of Alexandrine tetradrachms in the name of Gonatas (The Peloponnesian Alexanders, ANSMN 17, 1971, 75-6, note 68), which through hoard evidence was conclusively proven to be struck at Pella circa 272 (see R. W. Mathisen, Antigonus Gonatas and the Silver Coinages of Macedon circa 280-270 BC, ANSMN 26, 1981, pp. 79-123, esp. p. 104). However, this unique drachm has no controls that would explicitly tie it to the Pella mint tetradrachms, and even more perplexing is the style of the engraving, which is clearly dissimilar to the tetradrachms as well. One might suppose that it is in fact not a coin of Gonatas at all, but rather a hitherto unknown drachm of his grandfather, Antigonos I Monophthalmos. However, this also does not sit well, again for reasons of style, which is inconsistent with the period of Monophthalmos' reign. For the time being, therefore, this coin must remain a numismatic enigma until further evidence can shed additional light on it."
There are two auction records for the Gorny & Mosch specimen: Roma Numismatics auction 7 (22 Mar 2014), lot 454, sold for £ 4,800 plus fees; and Gorny & Mosch auction 203 (5 Mar 2012), lot 150, sold for ? 3,200 plus fees. Our coin sold at Gitbud & Naumann auction 16, (4 May 2014), lot 152, apparently slipping through unnoticed by all but our astute consignor for ? 575 plus fees.SH71048. Silver drachm, unpublished in standard refs; cf. Roma Numismatics auction 7, lot 454 (same rev die) = Gorny & Mosch auction 203, lot 150, VF, reverse struck a bit flat, weight 3.845 g, maximum diameter 19.4 mm, die axis 0o, uncertain Greece or Macedonia mint, 306 - 270 B.C.; obversehead of Herakles right, clad in Nemean Lion scalp headdress tied at neck; reverse BAΣIΛEΩΣ ANTIΓONOY, Zeus Aetophoros enthroned left, throne with high back, eagle in extended right hand, long scepter vertical behind in left hand, right leg drawn back; ex Gitbud & Naumann auction 16, lot 152; extremely rare, only two know specimens; $1600.00 (€1360.00)
Arados, Phoenicia, Unknown King "N", c. 348 - 338 B.C.
Early coins of Arados have the Aramaic letters mem aleph (read from right to left) above the galley, abbreviating Melech Arad (meaning King of Arados), sometimes followed by the king's initial, and sometimes by the Phoenician regnal year date.SH85437. Silver stater, BMC Phoenicia p. 10, 58; Betlyon 26, note 104, pl. 7, 4; Rouvier III p. 131, 5; HGC 10 33 (R1); Sunrise 114; SNG Cop -, VF, well centered on a tight flan, struck with high relief dies, test cut on obverse, weight 10.346 g, maximum diameter 19.4 mm, die axis 270o, Arados mint, c. 348 - 338 B.C.; obverse laureate head of bearded Ba'al Arwad right, with profile eye; reverse galley right, figure of Pataikos right on prow, row of shields on bulwark, Phoenician letters mem aleph nun (Melech Arad N - King of Arados N) from right to left above, three waves below; rare; $1500.00 (€1275.00)