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    Description

    Conquering Pharaoh

    PTOLEMAIC EGYPT. Ptolemy III Euergetes (246-222 BC). AV mnaieion (26mm, 27.84 gm, 12h). NGC Choice AU 5/5 - 4/5, Fine Style. Alexandria, posthumous issue struck under Ptolemy IV, ca. 221-205 BC. Bust of the deified Ptolemy III right, wearing radiate diadem and aegis; trident over left shoulder, the central tine ornamented with lotus finial / BAΣIΛEΩΣ ΠTOΛEMAIOY, radiate and filleted cornucopia; ΔI below. Svoronos 1117. SNG Copenhagen 196. Exceptionally clean strike from a fresh obverse die, displaying none of the die rust usually seen on this type. Fully lustrous!

    The buying power of one gold mnaieion was enormous and unprecedented in the Ancient world, roughly $4,000 in today's currency. No other kingdom or empire in the ancient world could produce such large gold coins, and this display of economic clout drew thousands of mercenary soldiers into Egypt's service. This large and powerful army was put to maximum use by the third great king of the Ptolemaic dynasty, Ptolemy III Euergetes (246-222 BC). Shortly after inheriting the throne of the Pharaohs, he launched a massive invasion of the neighboring Seleucid Kingdom of Syria. Easily crushing all resistance, he even reached Babylon, where he proclaimed himself King of Kings. For a heady moment, Ptolemy III seemed to have gathered almost all of Alexander the Great's vast empire into his own hands. But instead of trying to step into Alexander's shoes, he wisely imposed severe terms on the Seleucids, annexed Palestine and Phoenicia, and returned to a rapturous welcome in Alexandria. Ptolemy III's powerful portrait appears on gold mnaieions struck by his son, Ptolemy IV Philopator, who succeeded him in 221 BC.




    Auction Info

    Auction Dates
    August, 2017
    3rd Thursday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 542

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    We also followed the bidding online yesterday here in Salt Lake for the other 3 coins - great fun. Prices realized met or exceeded our expectations.
    Thomas M.,
    Salt Lake City, UT
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