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Ptolemy III | Gold Octodrachm | XF 4x3

Ancient Ptolemaic Gold Octodrachm

This impressive Ptolemaic Gold Octodrachm, weighing 27.71 grams, hails from the era of Ptolemy III and was minted posthumously under Ptolemy IV, spanning the years 246-222 BC. Certified by NGC Ancients in Extremely Fine (XF) condition, this coin features a Strike rating of 4/5 and a Surface rating of 3/5, underscoring its numismatic and historical significance.

Historical Context

The Ptolemaic dynasty, established by Ptolemy I Soter—one of Alexander the Great's generals—dominated Egypt for almost three centuries. Ptolemy III, also known as Euergetes ("Benefactor"), was the dynasty's third ruler. His tenure was marked by prosperity and military successes, significantly broadening the Ptolemaic Empire's reach. Coins minted during his reign, such as this Octodrachm, reflect the era's wealth and cultural refinement.

Obverse: Portrait of Ptolemy III

The obverse of the Gold Octodrachm showcases the portrait of Ptolemy III. He is depicted with divine attributes, a common practice in Hellenistic coinage to emphasize the ruler's god-like status and authority. The detailed rendering of Ptolemy III's features demonstrates the high level of craftsmanship achieved by ancient engravers, capturing his likeness with remarkable fidelity.

Reverse: Diademed Cornucopia

The reverse of the coin features a diademed cornucopia, symbolizing abundance and prosperity. The cornucopia, or "horn of plenty," adorned with a diadem, represents the wealth and fertility of the Ptolemaic Kingdom. This imagery was intended to project an image of prosperity and divine favor, reinforcing the legitimacy and stability of the ruling dynasty.

Certification and Condition

This Gold Octodrachm is certified by NGC Ancients in Extremely Fine (XF) condition. The Strike rating of 4/5 indicates that the coin's details remain well-defined, despite its age. The Surface rating of 3/5 reflects moderate wear, which is typical for coins of such antiquity, adding to its historical authenticity and character.

Numismatic Significance

The Ptolemaic Gold Octodrachm is a valuable artifact from the Ptolemaic dynasty, offering significant appeal to collectors and historians. Its considerable size and gold content make it a standout piece in any numismatic collection. Coins like this provide a direct link to the ancient world, offering insights into the economic and political dynamics of the era.

This coin is available for purchase at Austin Rare Coins & Bullion today!

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Ptolemy III | Gold Octodrachm | XF 4x3
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