Another piece of relevant background information pointing to the continuing debasement ....
http://www.harlanjberk.com/departments/articles/details.asp?inventorynumber=17&linenum=2CARTHAGINIAN '
HORSE and
PALM'
BILLON COINS
The following is an excerpt from
Harlan J.
Berk, Ltd. 88th Buy/Bid Sale:
The following
billon coins are among the finest specimens from a
North African
hoard of about 250 pieces. This variety, with the
reverse type of a
horse superimposed on a
palm tree, has not received the focused attention of numismatic scholars, though examples have been published in
collections, and representative specimens have been illustrated as appendages to various specialized studies. In some references the
horse and
palm tree
billon is dated as early as the First Punic War (264-241 B.C.), or to the Libyan War (241-238 B.C.). However recent metallurgical analyses have shown that these
horse and
palm coins, with a silver content of only 15-15%, are more debased than the coinage of the Libyan War and therefore later (
Carradice and La Niece, NC 1988, pp. 42, 46).
The
hoard contents can be broadly classified into three groups. The first features a large
Tanit head on the
obverse and often a pellet under the
horse on the
reverse (lots 218-220). Similar pellets appear on the gold and
electrum coinage studied by
Jenkins and Lewis; die linkage indicates that for the
billon, at least these pellets are issue markers. A second variety features a smaller
Tanit head on a distinctive
flan,
cast in a double-sided mold so that the edges are beveled on both sides and join at a ridge (lots 221-226). The principal special feature of this group is the sign of
Tanit which appears on both sides of a small number of specimens 9lot 222). A third variety features a variant
obverse type in place of the traditional
Tanit head - a younger woman of less "Punic" aspect, with straight hair loosely rolled on the back of her neck (lots 215-217). The
Tanit head, of course, was based on Sicilian models but
had many decades to evolve; the new
type may reflect more recent Greek inspiration. Jenkins, Essays
Mildenberg, pp. 134-135, has pointed out that the young
head type occurs on Carthaginian coins recovered from South
Italian hoards and on South
Italian coins struck for Hannibal, which he associates with the last phase of the war in
Italy when Hannibal was bottled up in
Bruttium, 209-208 B.C.
Carthage apparently placed this same
head on very debased currency intended for domestic use, while simultaneously producing
fine coinage for shipment to Hannibal in
Italy.
We are currently studying this
hoard in detail for purposes of publication. We have identified about a dozen different subvarities. We
hope that our study will establish the sequence of issue and perhaps enable us to propose more precise dates, as well as tracing the development of
mint technique and perhaps clarifying the
weight standard.
These coins were struck for domestic use in
Carthage at the end of Hannibal's war and after. The treasury was totally exhausted by the war and the population of
Carthage needed
money to transact commerce. These coins were minted for that use. They are mostly
type III, 205-202 BC.
Copyright @ 1997 by
Harlan J.
Berk, Ltd. -
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