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Alexander drachms in CNG auctions
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<p>[QUOTE="Terence Cheesman, post: 3157908, member: 86498"]The drachm coinage may not have anything to do with the returning veterans as some 11,000 of them were still in Cilicia under the command of Craterus when he died. It would seem that the rational for this coinage might be economic.This area of the Persian Empire was dominated by the siglos which remain undisturbed long after Alexander passed through the region. Alexander may have waited untill as late as 325 B.C. to finally convert this coinage into drachms of Attic weight. The number of cities involved in this activity would allow the recoining to be done quickly. We have seen a similar process occur under Hadrian when the older cistophoric coins were brought in and in that case re struck.[/QUOTE]</p><p><br /></p>
[QUOTE="Terence Cheesman, post: 3157908, member: 86498"]The drachm coinage may not have anything to do with the returning veterans as some 11,000 of them were still in Cilicia under the command of Craterus when he died. It would seem that the rational for this coinage might be economic.This area of the Persian Empire was dominated by the siglos which remain undisturbed long after Alexander passed through the region. Alexander may have waited untill as late as 325 B.C. to finally convert this coinage into drachms of Attic weight. The number of cities involved in this activity would allow the recoining to be done quickly. We have seen a similar process occur under Hadrian when the older cistophoric coins were brought in and in that case re struck.[/QUOTE]
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