Sale: CNG 61, Lot: 511. Closing Date: Sep 25, 2002. THRACE, Black Sea Area. Pantikapaion. BID Estimate $15000 THRACE, Black Sea Area. Pantikapaion. Circa 340 BC. AV Stater (8.52 gm). Bearded head of Pan left, wearing wreath of ivy leaves / Griffin standing left on stalk of wheat, head facing, holding spear in mouth. SNG BMC Black Sea 867; Weber 2690; SNG Copenhagen 20; Gulbenkian 588; SNG Lockett 1095. Good VF, light marks in fields. ($15,000) Pantikapaion was founded by Greek colonists from Miletos in the late 7th century BC. Situated on the west side of the Cimmerian Bosporos, in what is now the Crimea, it achieved great prosperity through its exploitation of the abundant fisheries of the Straits and the export of wheat from the Crimea. This wealth is attested by its splendid gold coinage commencing in the mid-4th century and by the magnificently furnished rock tombs of its principal citizens in the 4th and 3rd centuries. Later, it was to become a regional capital of the kingdom of Mithradates VI of Pontos (120-63 BC) and later still the seat of the kings of Bosporos (1st cent. BC — 4th cent. AD). Copyright © CNG 2002 Lot sold for $11000, plus buyers fees. Used by permission of Classical Numismatic Group, www.cngcoins.com.