I am familiar with Bosporan coins and have a fairly sizable
collection including multiple specimens of the issue under question. The edge on authentic specimens show a dull line around the periphery of the coin, the result of the use of a two-part mold to produce the
flan before striking, but none of the specimens you illustrate, none of the ten in my
collection, and non of the many I have examined over the years show the thin
flange of bronze that on the questioned specimen has been folded up toward the
obverse. I admit it is often not possible to give a definitive answer from a photograph, but I find that feature damning and reinforced by others' observations about the surfaces. We may be destined to disagree about this coin,