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1/3 Stater - Peritas

Issuer Rhodes
Year 125 BC - 88 BC
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Value ⅓ Gold Stater (20⁄3)
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Reverse description Central device of a rose in full bloom with a single bud to the left, flanked by the letters Ρ and Ο in the field to either side, serving as the civic abbreviation for Rhodes (ΡΟΔΟΣ). The magistrate's name ΠΕΡΙΤΑ appears in Greek letters above the rose, while a serpent is depicted below to the right. The entire design is contained within a shallow incuse square, a hallmark of early and mid-Hellenistic Rhodian gold coinage.
Reverse script Greek
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Rhodes struck gold in this period almost exclusively for large-scale mercantile transactions and military payments — the island's economy ran on silver, and gold fractions like this were exceptional instruments rather than everyday currency. The late 2nd and early 1st centuries BC were turbulent for Rhodian finances: the Roman Senate's decision in 166 BC to declare Delos a free port had already gutted Rhodian harbor revenues by an estimated 85%, forcing the state into fiscal contraction that makes substantial gold issues from this period notably scarce.

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