Egyptian Gold Octodrachms are antiquated coins that were in circulation in Egypt from 305 BC to 30 BC during the reign of the Ptolemaic dynasty. The coins were made of gold and weighed around 27.8 grams. They were also known as “octadrachms” due to their value, which was equivalent to eight drachmas.Egyptian Gold Octodrachms are one of the most impressive of all ancient gold coins that contains just under a full ounce of gold.
Egyptian Gold Octodrachms were highly valued during their time and were used for trade and commerce throughout the Mediterranean region. They were also used as gifts to foreign dignitaries and allies, as well as for payment of mercenaries and soldiers.
Today, Egyptian Gold Octodrachms are now highly prized by investors and collectors because of their rarity and historical value.The coins are incredibly valuable; some have reached millions of dollars at auction. They offer a glimpse into the ancient world and the economic systems that existed during the Ptolemaic dynasty in Egypt.
The detail and strike in this example is well above average, hence the Fine Style designation from NGC.
The obverse depicts Ptolemy III wearing a crown and a trident behind him. The reverse shows a cornucopia, reflecting the vast wealth of Egypt.
A phenomenal coin and highly recommended.
Arinsoe II, Gold Octodrachm, Struck 270/68 B.C.
This coins is one of the most famous and desirable of all ancient gold coins and contains just under an ounce of pure gold.
The bust of Arsinoe on the obverse of the coin was common since she was part of the royal family. In fact the pharaohs and their wives were even considered godly.
On the reverse you will find a cornucopia which reflects the vast wealth of Egypt at the time.
NGC Ancients has designated this truly beautiful coin to be Fine Style and of the highest quality.