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A
ncient Macedonia prospered on the fringe of the classical civilization epitomized by the Greek city-states. The
monarchy of Macedonia was of Greek descent, and Philip II, ruler from 359 to 336 B.C. was determined to bring his
kingdom into the mainstream of a unified Hellenistic civilization under his leadership. He employed great thinkers at
his court like Aristotle to tutor his young son, Alexander. His first expansions absorbed neighboring Thessaly and
Thrace, whose rich mineral wealth paid his mercenaries.
T
he gold mines of Mount Pangaeum in Thrace yielded about 1,000 talents, or 75,000 pounds a year. Philip, a
military genius, led his own troops into battle. Amazingly he survived an arrow that blinded him in one eye. The
Macedonian phalanx, his "secret weapon," was sectioned into a 16 man by 16 man square of armored foot soldiers,
bristling with their 14 foot long spears. The first five ranks leveled their spears to attack the front, and the ranks
behind rested their lances skyward on the soldiers in front to provide a barrier against arrows. These squares of
weaponry could be deployed with infinite variety depending on the terrain and the opposing forces.
P
hilip's loss of an eye, according to Plutarch, the ancient historian, was foretold by the oracle of Apollo at
Delphi. Philip had looked through a peephole into his wife's, Olympias', bedchamber, and saw her cavorting with the
god Ammon, who had assumed the form of a serpent. Further legend claims that Alexander himself was the offspring
of this union. But the oracle warned that Philip's eye which viewed this god's visitation would be lost to him. Plutarch
speculates that Philip lost interest in Olympias after that, and although he was proud of Alexander as his son, the
bitter seeds of discontent had been sown.
P
hilip, also an adept diplomat and schemer, employed various means to advance his political ambitions. He
formed alliances by marriage, (he had at least six wives at different times). He helped provoke and aggravate the
traditional rivalries amongst the Greek city-states. His gold was useful in bribing the disaffected elements of these
southern cities. The Greeks of Athens, Corinth, Thebes, Sparta and the other city-states certainly had not forgotten
the Persian threat from Asia Minor, and many Greeks, led by Isocrates of Athens, saw Philip more as an ally than an
enemy. In a display for potential unification, Philip presided over the games in 346 B.C. at the Panhellenic sanctuary
at Delphi, sacred to Apollo. Philip himself was a victor in the chariot race of the Olympic games. Demosthenes of
Athens, one of the most famous orators of all time, railed effectively against Philip and his ambitions, so when Philip
moved aggressively into Greece, Athens and Thebes fielded an army to oppose him. Too little and too late, the Greek
resistance to the Macedonians met with complete defeat at Chaeronea in 338 B.C. Philip's treaty with Thebes was
harsh, but he treated Athens quite easily, apparently out of sentiment and his respect for this center of Greek culture.
P
hilip's life of conquest was cut short by an assassin's blade, for in 336 B.C. he was murdered at a wedding
feast. He had been preparing to invade the Persian empire, so possibly agents of the Great King organized the plot.
Plutarch describes a drunken feast during which Philip and Alexander exchange angry words, and Philip almost
speared Alexander. Plutarch believes that Olympias, an ex-wife and mother of Alexander the Great, was the
mastermind, and friends of Alexander that Philip and his current wife had mistreated, were the perpetrators. Whoever
the instigator, Alexander was the beneficiary. At the age of 20 Alexander ascended to the Macedonian throne and
began his lifelong conquest of the known world.
T
he coinages in the name of Philip II were vast. His empire covered many prosperous territories and city states
and their busy economies required large quantities of gold, silver and bronze coins. The name and coin designs of
Philip continued to be struck for 40 years after his death, partly to honor his achievements, and partly to maintain the
status quo. Perhaps the minting of Philip's gold Staters alongside the Alexander's gold Staters celebrated Philip's
victories as well as paid the ongoing expenses of his planned attack on the Persian empire. The Thraco-Macedonian
silver Tetradrachm, as in this ad, weighed 14.4 grams. Alexander the Great issued his prolific silver Tetradrachms on
the Attic standard of 17.2 grams. The gold Staters of Philip were the same 8.6 gram pure gold standard as
Alexander's. Very little is known about the denominations and purchasing power of the Macedonian brass coinages,
but the dies and planchets were well prepared.
T
he relative values of gold and silver in ancient times ranged from 9:1 to 14:1 with a persistent mention of 10:1
in many marketplaces. Given this ratio the gold Stater would equal 6 silver Tetradrachms of Philip, or 5 of Alexander.
In terms of purchasing power a Philip silver Tetradrachm could buy enough barley meal to feed a family of four for 5
months. Meat was a luxury compared to grain staples, and a young pig cost 3/4 of a Tetradrachm. One fourth of a
Tetradrachm would buy 6 salted fish. One half would buy a gallon of wine. Sandals could cost 2 Tetradrachms, and
a tunic; 2
1
/
2
. A child slave might sell for 18 Tetradrachms and a skilled man could trade for 75. A normal ransom for a
captured seasoned veteran soldier might be 50 Tetradrachms. The same solider was paid 1/2 a Tetradrachm a day
in wartime and a sailor half of that. A valuable tool like a sickle could cost 12 Tetradrachms. A hetaera or officially
sanctioned prostitute received from 1/4 to 1 Tetradrachm. The annual income of the Persian Empire was estimated
at 25,000,000 Tetradrachms.
G
old Staters in the name of Philip II of Macedonia. Obv.:
Laureate Head of Apollo engraved in fine style high relief. Rev.: two
horse chariot in high action, alluding to Philip's Olympic victory.
#1 Nice EF, Pella Mint 323-315 B.C. $1877.
#2 EF-AU large flan, Pella Mint 323-315 B.C. $2277.
#3 VF, Pella Mint, 340-315 B.C. $1577.
G
old Staters in the name of Alexander III, the Great. Obv.:
Athena in crested helmet. Rev.: Nike standing, holding wreath and
mast of galley.
#4 Abt. Unc. slightly off-center, Sidon Mint, 324/3 B.C. Last year of
Alexander's lifetime. $1977.
#5 Choice EF, Byblos Mint, 330-320 B.C. A very rare style Athena
whose hair is tucked under the back leather flap of the helmet,
which is uniquely decorated with a sphinx. The reverse monogram
APis probably that of King Adramelek, an ally of Alexander at the
siege of Tyre. $3775.
#6 Various Mints and dates, net VF $1677.
S
ilver Tetradrachms in the name of Philip II of Macedonia.
Obv.: Laureate Head of Zeus. Rev.: Youth holding palm branch riding
on pacing horse. Plutarch describes the very young Alexander the
Great winning a bet with his father. Alexander wagered that he could
tame the beautiful but wild horse Bucephalus. Alexander had noticed
that Bucephalus was spooked by his own shadow, so he turned the
horse into the sun and calmed him down enough to ride and win his
bet.
M
ost of the silver Tetradrachms from recent finds are carefully
test marked on the shoulder of the horse to show the purity of the
silver. Ancient accounts of the 4th Century B.C. describe the official
job of "coin tester" in Greek marketplace. If this public employee was
not on duty during marketplace hours his punishment was 40 lashes.
(This was sometimes fatal, usually debilitating, and always painful).
If a customer presented him with a silver coin he would make a sharp
chisel cut into the coin. This would pierce a heavy silver layer and
reach the copper core if the coin were a common type of ancient
counterfeit known as a "fourre." A coin proven solid silver by the
tester could readily be spent, since any merchant who refused a
proven coin would have all his wares confiscated.
#7 Amphipolis Mint, 342/328 B.C. VF, fine style $977.
#8 Pella Mint, 323-315 B.C. VF, nice style, 2 deep test cuts. $477.
#9 Amphipolis Mint, 323-315 B.C. VF, small test cut $417.
#10 Amphipolis Mint, 323-315 B.C. Mint State,
slightly irregular flan as made $1477.
#11 Amphipolis Mint, 323-315 B.C. EF, deep test cut
and two much smaller edge cuts $317.
#12 Amphipolis Mint, silver about 2.75 gms., 323-315 B.C.
Apollo/youth on horseback. This coin plus a Philip Tetradrachm
equalled the silver in an Alexander Tetradrachm. Nice VF $177.
#13 Attic standard silver Tetradrachm in the name of Alexander
"the Great," Macedonia Mint, 320-317 B.C. Hercules/Zeus,
lustrous Abt. Unc. $577.
#14 As previous, even higher Abt. Unc. but shallow scrapes across
high obverse brow and ear. $477.
#15 As previous, EF, tiny scrape at rim. $277.
#16 Silver Drachma in the name of Alexander,
Lampsacus Mint, 310-301 B.C. blazing Mint State. $377.
#17 As previous, Colophon Mint, Abt. Unc. $217.
#18 Brass coins in the name of Philip. Macedonia Mints,
c. 340-300 B.C. Obv.: Laureate Head of Apollo. Rev.: King (Philip?)
on prancing horse. EF $177.; VF $77.; F $37.; VG $17.
#19 Obv.: As previous, Rev.: Youth (Alexander?) on prancing horse.
EF $177.; VF $77.; F $37.; VG $17.
#20 Brass coins in the name of Alexander. Obv.: Hercules, Rev.:
Club, bow and quiver. Macedonia Mints, c. 330-290 B.C.
EF $177.; VF $77.; Fine $37.; VG $17.
#21 Brass coin of 1/2 unit? in the name of Alexander, c. 315 B.C.?
Obv.: Apollo, Rev.: Prancing horse (Bucephalus?).
EF $177.; VF $77.; F $37.; VG $17
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PHILIP II and ALEXANDER the GREAT
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