|GREEK SILVER TETRADRACHM OF ALEXANDER III 'THE GREAT'
Kings of Macedon, Alexander III 'the Great. 336-323 BC
Posthumous issue, struck ca. 320/19-315 BC in Arados (Phoenicia) under Ptolemy I Soter as satrap
Diameter: 26 mm.; Weight: 16.91 g.
Obverse: Head of Herakles right wearing lionskin
Reverse: Zeus Aetophoros seated left holding eagle.
Very fine condition, high relief.
Ex American private collection.
Reference: M.J. Price. The Coinage in the Name of Alexander the Great and Philip Arrhidaeus. London. 1991. No. 3426.
|By Alexander’s death, his coinage had supplanted Athenian coinage as the primary currency in the areas Alexander had conquered, and remained so until the Roman period. As such, the number of mints producing Alexandrine coinage proliferated, resulting in a massive quantity of posthumous issues of Alexander compared to that of his lifetime. The seemingly endless conflicts among the diadochs also contributed to the posthumous Alexandrine coinage, as they were reluctant to either place their own names on the coinage or issue their own types until a number of them took the royal title around 305 BC.|