Ionia, Uncertain Mint. Phanes, c. 625-600 BC
Ionia, Uncertain Mint. Phanes, c. 625-600 BC
EL 1/12 stater, 1.15g (9mm, n/a).
Forepart of stag r., head reverted / Incuse square with raised irregular lines
Pedigree: Ex Harlan J. Berk Bid or Buy 164, 2009, 4 and Triton XXIII, 2020, 353 sales. From the M.J.W. collection.
References: Weidauer 36-37. Fischer-Bossert, White gold 32.
Grade: Some edge splits. A rare type and denomination. In good condition for type. Good VF
gk2084
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The 1/12 stater, also known as the hemihekte, was an important small denomination in the electrum coinage system of Ionia during the 7th-5th centuries BCE. This denomination weighed approximately 1.15 grams and measured around 7-8mm in diameter, making it one of the smaller fractional coins in the ancient world's earliest monetary system. The denominational system was hierarchical, with the stater at the top, followed by fractions including the 1/2 stater, 1/3 stater, 1/6 stater (hekte), 1/12 stater (hemihekte), and continuing down to incredibly tiny pieces as small as 1/96 stater. These small denominations played a crucial role in the nascent monetary economy of Archaic Greece, enabling everyday transactions and making coined money accessible to a broader segment of society beyond just major merchants and elites conducting large-scale trade.
