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Panticapaeum AE21 Satyr & Griffin Stater Bosporan Kingdom IV c. BC


🪙 Bosporan Kingdom, Panticapaeum

(Reign: Leucon I, Ancient Greek: Λεύκων I, ca. 389–349 BC)


📌 Complete Numismatic Description

Denomination: AE21 bronze (tetrachalkon)
Material: Bronze
Weight: 8.19 g
Diameter: ~21 mm
Die axis: uncertain (typical for ancient coinage)
Mint: Panticapaeum, Bosporan Kingdom
Date: 4th century BC (ca. 330–310 BC; early–middle phase of the type)
Grade (NGC): AU (About Uncirculated)
Condition: high state of preservation with minimal circulation wear and clear relief


🧾 Obverse

Head of a satyr (Silenus/Pan) facing right; strong facial features with deeply set eye and pronounced nose; hair and beard rendered in thick, structured strands typical of Classical style.


🦅 Reverse

Griffin standing left with raised forepaw; beneath, a horizontally oriented sturgeon.
Legend in the field: ΠΑΝ (Π before the muzzle, Α above, Ν to the right).


🏛 References

  • Anokhin 1023 (early–middle variant)
  • MacDonald 69 (transitional Group A–B style)
  • SNG BM Black Sea 869–871
  • HGC 7, 113

📊 Rarity (Academic Assessment)

While the type itself is well represented in major corpora, specimens combining:

  • full weight (~8 g)
  • complete ΠΑΝ legend
  • strong centering and high grade

are classified as:

R (scarce in high grade)

Coins in AU condition are notably less common and command increased collector demand.


🧠 Historical Context

This issue belongs to the period of prosperity of the Bosporan Kingdom under the Spartocid dynasty. The reign of Leucon I (Λεύκων I) was marked by strong economic growth driven by grain exports and fishing industries.

Iconography:

  • Satyr/Pan — reflects Dionysian cult traditions
  • Griffin — symbol of authority and protection
  • Sturgeon — emblem of regional wealth and fisheries

The legend ΠΑΝ refers to the god Pan and carries local religious significance.


🎨 Patina

The coin exhibits a natural dark brown patina with lighter highlights and minor reddish mineral deposits.

Characteristics:

  • stable and well-preserved
  • evenly distributed with natural variation
  • enhances visual depth and relief
  • no evidence of harsh cleaning

👉 This patina is consistent with long-term burial and is highly desirable among collectors.



Panticapaeum. 


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Panticapaeum
Παντικάπαιον (in Ancient Greek)
Архітектурно-археологічний комплекс «Стародавнє місто Пантікапей».JPG
The prytaneion of Panticapaeum, second century BC. Kerch's Obelisk of Glory is visible in the background.
Panticapaeum is located in Crimea
Panticapaeum
Shown within Crimea
LocationKerchAutonomous Republic of Crimea
RegionTaurica
Coordinates45°21′3″N 36°28′7″ECoordinates45°21′3″N 36°28′7″E
TypeSettlement
Area100 ha (250 acres)
History
BuilderSettlers from Miletus
Founded7th or 6th century BC
AbandonedApproximately 370 AD
PeriodsArchaic Greek
CulturesGreek
Site notes
ConditionRuined
OwnershipPublic
Public accessYes

Panticapaeum (Ancient GreekΠαντικάπαιονromanizedPantikápaion) was an ancient Greek city on the eastern shore of Crimea, which the Greeks called Taurica. The city was built on Mount Mithridat, a hill on the western side of the Cimmerian Bosporus. It was founded by Milesians in the late 7th or early 6th century BC. The ruins of the site are now located in the modern city Kerch.


Early existence

A coin from Panticapaeum, bearing a star inside a diadem and the letters "ΠΑΝ", 2nd century BC.

During the first centuries of the city's existence, imported Greek articles predominated: pottery (see Kerch Style), terracottas, and metal objects, probably from workshops in RhodesCorinthSamos, and Athens. Local production, imitated from the models, was carried on at the same time. Athens manufactured a special type of bowl for the city, known as Kerch ware. Local potters imitated the Hellenistic bowls known as the Gnathia style as well as relief wares—Megarian bowls. The city minted silver coins from the 5th century BC and gold and bronze coins from the 4th century BC. At its greatest extent it occupied 100 hectares (250 acres). The Hermitage and Kerch Museums contain material from the site, which is still being excavated.

Representations of Pan on 4th century BC gold and silver Pantikapaion coins

Fifth to first centuries BC

In the 5th–4th centuries BC, the city became the residence first of the Archaeanactids and then of the Spartocids, dynasties of Thracian kings of Bosporus, and was hence itself sometimes called Bosporus. Its economic decline in the 4th–3rd centuries BC was the result of the Sarmatian conquest of the steppes and the growing competition of Egyptian grain.

Mithridates

Small statue of Scythians with bows from Panticapeum, fourth century BC.


Half of a century later, Mithridates took his life in Panticapaeum, when, after his defeat in a
 war against Rome, his son and heir Pharnaces and citizens of Panticapaeum turned against him.The last of the SpartocidsPaerisades V, apparently left his realm to Mithridates VI Eupator, king of Pontus. This transition was arranged by one of Mithridates's generals, Diophantus, who earlier had been sent to Taurica to help local Greek cities against Palacus of Lesser Scythia. The mission did not go smoothly: Paerisades was murdered by Scythians led by Saumacus, and Diophantus escaped to return later with reinforcements to suppress the revolt (c. 110 BC).