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Coinage of Ptolemy I
1
CATHARINE C. LORBER
PTOLEMY, son of Lagus, employed a variety of coin types and several different
weight standards over the course of his long career as satrap and then as king.
The first great student of his coinage, J.N. Svoronos, believed that the Attic
standard remained in use until 305 BC, when the weights of both gold staters
and silver tetradrachms were reduced to provide a new coinage for Ptolemys
reign as king. Between 1960 and 1980 scholars examined the precious metal
coinage of Ptolemys satrapy and early kingship, and reached a consensus that
rejected Svoronos view. The main outlines of this consensus have scarcely been
questioned in the last quarter century. But when the present author attempted to
situate Ptolemys early bronze coinage within the existing chronological
framework, she encountered a contradiction that could be resolved only by
lowering the accepted date for Ptolemys first reduction of his weight standard.
That discovery triggered a review of the entire consensus chronology.
I. THE CONSENSUS CHRONOLOGY
In a study published in 1967, O.H. Zervos arranged Ptolemys early, Attic-
weight tetradrachms into annual issues dated from c.326 to c.310 BC.
2
Zervos
concluded that from Issue V through Issue XI, tetradrachms with standard
Alexander types were accompanied by a second series of tetradrachms featuring
a new obverse type, the head of the deified Alexander in an elephant headdress.
Issue XII (c.315) was transitional, retaining the Zeus reverse of the earlier
coinage, but introducing a redesigned Alexander head with a scaly aegis. In
addition, Ptolemys personal emblem, an eagle perched on a thunderbolt,
appeared as an adjunct symbol on the reverse. (Both of these would remain
regular features of the tetradrachm until the Alexander head was replaced by
Ptolemys portrait on his final royal currency.) Issues XIIIXVII bear a new
reverse type, a figure of Athena Alkidemos advancing right. Zervos ending date
of c.310 coincided with the date previously proposed for Ptolemys first
reduction of his weight standard.
1
The author is grateful to Wolfgang Fischer-Bossert for reading and commenting on an earlier
version of the manuscript. The conclusions offered here (and any errors) are her own.
2
O.H. Zervos, The early tetradrachms of Ptolemy I, ANSMN 13 (1967), pp. 116.
CATHARINE C. LORBER 46
Ptolemys second coinage of Alexander/Athena tetradrachms was struck at a
weight of about 15.70 g. In 1954 B. Emmons demonstrated that this weight
reduction was effected by trimming about 1.5 g of silver from tetradrachms of
Attic weight and then overstriking them, a process that allowed the Crown to
mint nine tetradrachms from the silver formerly required for eight.
3
Emmons
followed Svoronos in dating this reform c.305, but other scholars, notably A.B.
Brett and G.K. Jenkins, advocated a date of c.312 or 310.
4
Jenkins analysis was
especially influential. He divided the reduced-weight tetradrachms into seven
groups, groups af without corresponding gold and group g with control-linked
gold staters of the Ptolemy/elephant quadriga type. Jenkins pointed out the
chronological significance of the Chiliomodi hoard (IGCH 85), which contained
21 examples of groups ad.
5
This hoard was deposited at the end of the
Ptolemaic occupation of Corinth, in 306 according to O.E. Ravel (followed by
Jenkins and the editors of IGCH).
6
Jenkins thus reasoned that groups ad must
have been produced before 306, excluding Svoronos date of c.305 for the
reduction of the weight standard. The reintroduction of gold coinage provided
another chronological fixed point. Jenkins regarded 305 as the only possible
starting date for the staters issued in the name of King Ptolemy and bearing his
diademed portrait on the obverse.
7
Jenkins allowed half a decade (c.310305)
for production of the reduced-weight tetradrachms without corresponding gold,
while demurring that they may have begun as early as 312, and another half
decade (c.305300) for the gold staters and their accompanying tetradrachms.
8
O. Mrkholm later challenged the date of the Chiliomodi hoard, pointing out
that the ancient authors do not describe the end of the Ptolemaic occupation of
Corinth.
9
The Ptolemaic garrison at Sicyon surrendered to Demetrius
Poliorcetes in 303, after which Demetrius proceeded to Corinth, which was held
at the time by Prepelaus, a general of Cassander.
10
Mrkholm suggested that the
Ptolemaic occupation of Corinth could have lasted until 305 or even 304 and
3
B. Emmons, Overstruck coinage of Ptolemy I, ANSMN 6 (1954), pp. 6984.
4
Emmons, Overstruck coinage, pp. 6970; A.B. Brett, The aphlaston, symbol of naval victory
or supremacy on Greek and Roman coins, Transactions of the International Numismatic Congress,
London, 1936 (London, 1938), pp. 2332, especially p. 26; G.K. Jenkins, An early Ptolemaic hoard
from Phacous, ANSMN 9 (1960), pp. 1737, see especially pp. 325.
5
Jenkins, Phacous, pp. 323.
6
O.E. Ravel, Corinthian hoard from Chiliomodi, Transactions of the International Numismatic
Congress. London, 1936 (London, 1938), pp. 98108; Jenkins, Phacous, pp. 323. Zervos, The
Delta hoard of Ptolemaic Alexanders, 1986, ANSMN 21 (1976), p. 58, proposed a different
interpretation of the Chiliomodi hoard, namely that it was formed after a ban on Attic-weight silver
promulgated in Egypt in 305. It is unclear why a Ptolemaic policy designed to create a closed
currency market in Egypt should have affected hoard formation in the Peloponnesus. Jenkins view
of the hoard is the more persuasive.
7
Jenkins, Phacous, p. 33.
8
Jenkins, Phacous, pp. 345.
9
O. Mrkholm, Cyrene and Ptolemy I: Some numismatic comments, Chiron 10 (1980), p. 156.
10
Diod. 20.102.13, 20.103.1.
A REVISED CHRONOLOGY OF THE COINS OF PTOLEMY I 47
proposed redating the Chiliomodi hoard to c.304.
11
He submitted that Jenkins
groups e and f (reduced-weight tetradrachms without corresponding gold, not
represented in Chiliomodi) might be dated c.305303, while the tetradrachms
with corresponding gold (group g) should be dated c.303298/7.
12
His new
terminal date for group g was based on the production of a few
Ptolemy/elephant quadriga gold staters at Cyrene, which was in revolt against
Ptolemy c.305c.300.
13
When it comes to the introduction of Ptolemys standardized royal coinage,
the consensus breaks down. Jenkins assumed that his group g was immediately
followed (c.300) by a major overhaul of the currency, which introduced royal
portrait/eagle types for both gold and silver, reduced the weight of the
tetradrachm to c.14.2 g, and replaced the gold stater with a heavier
denomination, the trichryson or triple stater.
14
Adhering to the theory of E.S.G.
Robinson that the process of weight reduction occurred in a series of successive
small steps, Mrkholm proposed an intervening period (c.298295/0) when
only Ptolemy/eagle tetradrachms of c.14.9 g were minted; after this phase the
weight of the tetradrachm was finally reduced to c.14.2 g and new
denominations were introduced in gold, silver, and bronze.
15
A. Davesne cited
control links between the tetradrachms of c.14.9 and c.14.2 g and argued that
they were too numerous and systematic to recur in succeeding periods, so that
tetradrachms on these two different weight standards must have been
contemporary.
16
Based on a theory of annual emissions exhibiting regular
weight loss through circulation, he arrived at a date of c.295/4 for the beginning
of the reformed coinage with Ptolemy/eagle types.
17
II. REVISED CHRONOLOGY OF THE ATTIC-WEIGHT COINAGE
There are several reasons to suspect that the consensus chronology for
Ptolemys Attic-weight tetradrachms may be too high.
11
Mrkholm, Cyrene and Ptolemy I, p. 156; id., Early Hellenistic Coinage from the Accession of
Alexander to the Peace of Apamea (336188 B.C.) (Cambridge, 1991), p. 65.
12
Mrkholm, Cyrene and Ptolemy I, p. 156.
13
Mrkholm, Cyrene and Ptolemy I, pp. 154 and 155f.
14
G.K. Jenkins, The monetary systems in the early Hellenistic time with special regard to the
economic policy of the Ptolemaic kings, in A. Kindler (ed.), The Patterns of Monetary Development
in Phoenicia and Palestine in Antiquity, Proceedings, International Numismatic convention,
Jerusalem, 2731 December 1963 (Tel Aviv/Jerusalem, 1967), p. 62. The term trichryson is attested
by P. Zen. Cair. 59022, ll. 1617.
15
E.S.G. Robinson, The coin standards of Ptolemy I, in M. Rostovtzeff, The Social and
Economic History of the Hellenistic World (Oxford, 1941), vol. 3, pp. 16359; Mrkholm, Cyrene
and Ptolemy I, p. 158 (where the dates are c.298290); id., Early Hellenistic Coinage, p. 66 (where
the dates c.298295 are implied).
16
A. Davesne and G. Le Rider, Le Trsor de Meydancikkale (Cilicie Trache, 1980), Glnar II
(Paris, 1989), pp. 2712.
17
Davesne, Meydancikkale, pp. 2734.
CATHARINE C. LORBER 48
First, Zervos followed E.T. Newell in dating the earliest Alexander-type
coinage of Egypt c.326.
18
Newell suggested this date because he believed that
the depiction of Zeus with his legs crossed was an innovation of Alexandria,
promptly imitated at Sidon where the new type first appeared on tetradrachms
dated 325/4. But G. Le Rider recently argued that the influence was more likely
to have flowed in the opposite direction, because tetradrachms from Phoenicia,
and especially from Sidon, entered Egypt in large numbers, whereas relatively
few Egyptian tetradrachms appear to have circulated outside the country. If
Sidonian tetradrachms were the prototypes, the first Egyptian Alexanders were
struck no earlier than 325/4.
19
Second, the Demanhur hoard (IGCH 1664) contained examples of Zervos
Issues II through VI, but no later issues. It is clear that Zervos Issue VI must
have been placed in circulation very shortly before the hoards closure. Yet
Zervos dated his Issue VI to 321, though Newell estimated the closure of
Demanhur at 318 or 317 on the very sound basis that the latest dated coins of
Sidon and Ake were of 319/18 and 318/17 respectively.
20
If we accept Zervos
hypothesis of annual emissions in Egypt, the evidence of the Demanhur hoard
suggests that all of his dates should be lowered by three or four years. (The
Appendix, examining the consequences for specific Ptolemaic issues, shows
that the correct figure is three years.) This downdating extends the assumed
annual issues of Attic-weight Palladion tetradrachms to c.307.
21
Finally, Zervos omitted two issues of Attic-weight Palladion tetradrachms,
Svoronos 39 and 40. Based on the number of surviving examples, these appear
to have been small and insignificant emissions.
22
But the same is true of Zervos
two final issues, Issues XVI and XVII.
23
The apparently small size of all four
emissions probably reflects a low survival rate, due to the fact that these
emissions were disproportionately affected by the recoining effort described by
Emmons. If Svoronos 39 and 40 are assumed to be annual issues, the Attic
standard could have remained in use as late as c.305, just as proposed by
Svoronos and Emmons. Of course, the hypothesis of annual emissions, though
plausible, still remains an unproved supposition, but we shall see below that
there is independent evidence supporting a date around 305 for the introduction
of the reduced weight standard.
18
E.T. Newell, Alexander Hoards II: Demanhur, 1905 (New York, 1923), p. 64.
19
G. Le Rider, Clomne de Naucratis, BCH 121 (1997), pp. 878.
20
Newell, Demanhur, 3768 and 39725.
21
The term Palladion tetradrachms was employed by Zervos in Delta hoard, pp. 40 and passim.
It is gratefully adopted here to avoid the more specific but unwieldy terms Attic-weight
Alexander/Athena tetradrachms and reduced-weight Alexander/Athena tetradrachms.
22
Svoronos 39 lists 2 specimens, to which can be added Leu 22, 89 May 1979, lot 173; Svoronos
40 lists 1 specimen.
23
Zervos cited 3 specimens of his Issue XVI; Zervos Issue XVII is Svoronos 37, where 3
specimens are listed.
A REVISED CHRONOLOGY OF THE COINS OF PTOLEMY I 49
III. EARLY BRONZE COINAGE IN THE NAME OF PTOLEMY
None of the modern scholarship treating the chronology of Ptolemys precious
metal coinage took note of his early bronze issues. As a result we have
overlooked connections, already published by Svoronos, that provide critical
evidence for dating the reduced-weight Palladion tetradrachms.
The earliest bronze coins to bear Ptolemys name are about 15 mm in
diameter, with the obverse type horned head of Alexander with long hair,
wearing a mitre, and the reverse type eagle with spread wings standing left on
thunderbolt. These coins were issued in three series, two of which bear military
symbols as series markers. The Helmet Series features a Corinthian helmet
symbol in left field with a second control above, and a legend naming King
Ptolemy.
24
The beginning of the Helmet Series bronzes can thus be dated with
certainty after Ptolemys assumption of the diadem in late 305 or early 304.
25
The Aphlaston Series is marked by an aphlaston symbol, sometimes with a
second symbol or control letters below. The Plain Series has no identifying
symbol but bears letter or monogram controls that link it convincingly to the
Ptolemy/elephant quadriga gold staters, issued in the name of King Ptolemy,
and/or to their associated Palladion tetradrachms, still issued in the name of
Alexander (see Table 1). Both the Aphlaston Series and the Plain Series bronzes
bear legends naming Ptolemy, but without his royal title.
TABLE 1.
Bronze coinage after 305/4, with control links
Helmet Series
tetradrachms
Helmet Series Aphlaston Series
*
*
Occurs both without royal title (Svoronos 136) and with it (Malter II, 2324
February 1978, lot 5; ANS 1944.100.75794)
The three bronze series were not strictly contemporary. While the Plain Series
bronzes are control linked to the Ptolemy/elephant quadriga gold staters and
thus to Jenkins group g, three of six known varieties of Helmet Series bronzes
share their controls with reduced-weight Palladion tetradrachms without
corresponding gold.
Tetradrachms Jenkins group Bronzes
Helmet above t (Sv. 170)
Group d
t above helmet (Sv. 170A)
Helmet above / (Sv. 162)
Group e
/ above helmet (Sv. 163)
Helmet above !
Group e
! above helmet (Sv. 167)
The last of these silver issues is not well attested. Jenkins listed it among the
varieties of his group e, but he cited Svoronos 167, the corresponding bronze.
26
Nevertheless, the other two links establish an absolute date after Ptolemys
assumption of the kingship (late 305/early 304) for the tetradrachms involved
and, by extension, for other tetradrachms of Jenkins groups d and e. These links
confirm the low chronology proposed by Mrkholm for groups e and f.
Arguably, they also exert downward pressure on groups ad.
26
Jenkins, Phacous, p. 34.
A REVISED CHRONOLOGY OF THE COINS OF PTOLEMY I 51
IV. REDUCED-WEIGHT PALLADION TETRADRACHMS WITHOUT
CORRESPONDING GOLD: THE PLAIN AND HELMET SERIES
The Delta hoard of 1896 (IGCH 1671) consisted exclusively of reduced-
weight Palladion tetradrachms without corresponding gold (Jenkins groups af).
In his reconstruction and penetrating study of the Delta hoard, Zervos divided
these tetradrachms into five series, identified the hands of three artists (A, B,
and C), and further identified three styles for each artist (1, 2, and 3).
27
He
concluded that the five series were minted concurrently rather than sequentially,
an important finding that collapses the time frame necessary for production of
Jenkins groups af. Zervos wrote that the correlation of the five series cannot
be known very precisely.
28
Despite his warning we shall try to develop a more
nuanced picture of this coinage, drawing in part on varieties that were not
represented in Zervos material.
Table 2 lists the known emissions of reduced-weight Palladion tetradrachms
without corresponding gold. The relative size of the various emissions is
approximately indicated by figures in brackets, the first giving the number of
specimens listed by Svoronos and the second the number in Zervos Delta hoard
reconstruction. To the extent possible, Jenkins group is cited, followed by
Zervos artist and style designations. Artists and/or styles not assigned by
Zervos, but evidenced by specimens published elsewhere, are noted
parenthetically. The sequence of issues within each series reflects the successive
styles of Zervos three artists, with one exception, explained below. The table is
transected by a bar representing the closure of the Chiliomodi hoard. The
distribution of issues above and below this bar is to some slight degree
conjectural. It depends on the assumption that issues of moderate size, with a
dozen or more examples recorded by Svoronos, should have been represented in
Chiliomodi if struck before its closure. Smaller issues have been placed
according to control linkage and/or artist and style.
27
Zervos, Delta hoard, pp. 467.
28
Zervos, Delta hoard, p. 47.
CATHARINE C. LORBER 52
TABLE 2.
Alexander/Athena tetradrachms of reduced weight
Plain series Helmet series
( +
?
Svor. 110 [18]
Delta hoard [3
*
]
Jenkins: a
Zervos: A1, A2
*
in Chiliomodi
+
Svor. 109 [1]
Jenkins: b
? Aphlaston
Svor. 154 [8]
Delta hoard [1
*
]
Jenkins: a
Zervos A1
*
+/Bee
Svor. 153 [14]
Jenkins: e?
(Artist/style B2)
(!
Svor. 144 [1]
+/Bee<
Svor. 158 [2]
(Artist/style C1)
Helmet/t
Svor. 170 [41]
Delta hoard [10]
Jenkins: d
Zervos: A2
in Chiliomodi
overstruck
Svor. 107 [26]
Delta hoard [9
*
]
Jenkins: c
Zervos: A2/B, B2,
B3
in Chiliomodi
z(
Svor. 143 [7]
Delta hoard [2]
Jenkins: a
Zervos: B3
+/Dolphin<
Svor.
Delta hoard [1]
Jenkins: b
*Helmet/t
Svor. 174 [17]
Delta hoard [4]
Jenkins: d
Zervos: A2
overstruck
Helmet/
Svor. 166 [7]
Delta hoard [2]
Jenkins: c
Zervos: A2/A,
B2/A
(z
Svor. 141 [3]
Delta hoard [8]
(Artist/style B2,
with z
***
)
Svor. 142 [24]
Delta hoard [9
*
]
Jenkins: a
Zervos: B2, B3
in Chiliomodi
+<
Svor. 139 [64]
Delta hoard [13]
Jenkins: b
Zervos: C1, C2, C3
(also Artist/style B2)
in Chiliomodi
Chiliomodi hoard closes 304 or early 303 B.C.
A REVISED CHRONOLOGY OF THE COINS OF PTOLEMY I 53
Plain series Helmet series
( +
Helmet/!
Svor. 165 [12]
Delta hoard [4]
Jenkins: e
Zervos: A2
overstruck
Helmet/!
Svor.
Jenkins: e
!
Svor. 108 [14]
Delta hoard [8
*
]
Jenkins: e
Zervos: A2
overstruck
Helmet//
Svor. 162 [62]
Delta hoard [27]
Jenkins: e
Zervos: A2, A3
overstruck
z!
Svor. 137 [3]
Delta hoard [1]
Jenkins: e
Zervos: A3
Helmet/t
Svor. 164 [37]
Delta hoard [13]
Jenkins: e
Zervos: A2, A3
overstruck
zHelmet
Svor. 180 [1]
(Artist/style A3)
zHelmet/
Svor. 179 [6]
Delta hoard [1]
Jenkins: f
Zervos: A3
Helmet/z
Svor. 169 [26]
Delta hoard [11]
Jenkins: f
Zervos: A3
overstruck
UHelmet/z
Svor. 177 [10]
Delta hoad [3
*
]
Jenkins: f
Zervos: A3
overstruck
Pellet
Helmet/z
Svor. 176 [5]
(Artist/style A3)
<Helmet/z
Svor. 178 [1]
Delta hoard [1
*
]
Zervos A3
*