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191, Lot: 7. Estimate $200.
Sold for $590. This amount does not include the buyer’s fee.

KINGS of MACEDON. Alexander III ‘the Great’. 336-323 BC. AR Drachm (16mm, 4.14 g, 2h). Karrhai mint. Struck circa 325-317 BC. Head of Herakles right, wearing lion skin / Zeus Aëtophoros seated left; in left field, star between two crescents above [Δ]IO. Price 3788. Near EF, toned, a hint of porosity. Very rare.

Ex Freeman & Sear 13 (25 August 2006), lot 699.

As noted by Price, this issue had traditionally been placed at Tarsos, but G. Le Rider and N. Olcay's analysis of the Akcakale hoard (RN 1988) demonstrated that it actually belonged to Karrhai. Price apparently compiled his section on Karrhai prior to the publication of this article, however, and based his chronology on other hoard data, placing the issue circa 315-305 BC. However, as noted by A. Houghton and C. Lorber (SC 1, p. 27), Le Rider and Olcay's analysis placed the issue firmly before 317 BC.