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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 The type was apparently not distributed, and was withdrawn, and melted when it was decided to debase the coinage and use the PONT MAXlegend.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); $4050.00 (€3442.50)
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; $1940.00 (€1649.00)
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; $1810.00 (€1538.50)
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; $1710.00 (€1453.50)
Paeonian Kingdom, Lykkeios, c. 358 - 335 B.C.
"There is no particular historical record preserved on king Lycceius, the heir of Agis. It is known that after the death of Agis in 359/8 BC, Paeonia had to recognize the Macedonian sovereignty, after it was defeated by the newly enthroned Macedonian king Phillip II (359–336 BC) (Diod. XVI. 4.2); at that time, Lycceius was probably already ruling in Paeonia. Still, it seems that at the time of Lycceius, Paeonia had not completely lost its independence, but it rather had a subordinate status to Macedonia (Merker 1965, 44). His monetary production testifies for the existence of a separate state identity, and it of course confirms his factual reign of the Paeonian Kingdom. Actually, it was Lycceius who was the first Paeonian king who issued coins with his own name. These are specimens that are very rare, and they are not often discovered, especially not as hoarded wealth." -- Eftimija Pavlovska in "A Coin Hoard of the Paeonian King Lycceius"SH86518. Silver tetradrachm, Pavlovska, type I, 1 (O(I)1/R2); Paeonian Hoard 63; SNG ANS 1019; AMNG III/2, p. 200, 8; Babylon IV 1253; HGC 3.1 142 (S), aEF, attractive style, toned, obverse off center, light scratches, edge cracks, weight 13.154 g, maximum diameter 24.7 mm, die axis 90o, Astibos or Damastion mint, c. 358/356 - 335 B.C.; obverse laureate head of Zeus right; reverse ΛYKK-EIOY, Herakles crouching left, nude, strangling Nemean lion with left arm, club in raised right hand, bow and quiver on ground lower right; from the David Cannon Collection, ex Beast Coins, ex HarlanBerk; rare; $1450.00 (€1232.50)
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 SALE PRICE $1440.00 ON RESERVE
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; $1350.00 (€1147.50)
Didius Julianus, 28 March - 2 June 193 A.D.
193 A.D. - The Year of Five Emperors. On 1 January, the Senate selected Pertinax, against his will, to succeed the late Commodus as Emperor. The Praetorian Guard assassinated him on 28 March and auctioned the throne to the highest bidder, Didius Julianus, who offered 300 million sesterces. Outraged by the Praetorians, legions in Illyricum select Septimius Severus as emperor; in Britannia the legions select their governor Clodius Albinus, and in Syria the legions select their governor Pescennius Niger. On 1 June Septimius Severus entered the capital, put Julianus put to death and replaced the Praetorian Guard with his own troops. Clodius Albinus allied with Severus and accepted the title of Caesar. Pescennius Niger was defeated, killed and his head displayed in Rome SH86628. Orichalcumsestertius, RIC VI 14 (R), BMCRE V 20, Hunter III 8, Cohen III 3, Cayon III 1, SRCV II 6075, nice F, attractive portrait for grade, legends not fully struck, encrustations on reverse, edge crack, weight 19.044 g, maximum diameter 29.0 mm, die axis 180o, Rome mint, 28 Mar - 2 Jun 193 A.D.; obverseIMP CAES M DID SEVER IVLIAN AVG, laureate head right; reverseCONCORD MILIT (harmony with the soldiers), Concordia Militum standing half left, head left, legionary aquila (eagle) standard in right hand, signumstandard in left hand, S - C (senatus consulto) flanking across field below center; rare; $1350.00 (€1147.50)
Armenian Kingdom, Tigranes IV and Erato, Second Reign, c. 2 B.C. - 4 A.D.
This remarkable type was only discovered in 1978. In 2014, one of the best examples to come to auction but still only aVF, realized $12,370 plus fees! In "Tigranes IV, V, and VI: New Attributions" in AJN 20 (2008), Frank Kovacs convincingly attributes this type to Tigranes IV and notes the view is of Mt. Ararat from the perspective of the city of Artaxata. The beardless portrait fits the youthful Tigranes IV and, although not visible on most examples, the legend on the reverse, ΦIΛOKAIΣAP, refers to the Armenian king's affection for his Roman ally, Augustus.SH85956. Bronze dichalkon, Kovacs AJN 20 p. 340 and pl. 81, 5; Bedoukian CCA 128 (Tigranes II); Nercessian ACV 122 (Tigranes II); MDHRAC -, F, porous, weak legends not visible - as on most known specimens, weight 4.214 g, maximum diameter 19.1 mm, die axis 0o, Artaxata mint, 2nd reign, c. 2 B.C.; obverse ...EME - TIΓPAN (or similar), jugate busts of Tigranes and Erato right, Tigranes draped and wearing a tall Armenian tiara with five point and ornamented with a star; reverse ΦIΛOKAIΣAP (friend of Caesar), twin peaks of Mount Ararat, as seen from the Armenian capital Artaxata, A (regnal year 1) below; extremely rare; $1260.00 (€1071.00)