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Diobol

Issuer Pheneos (Arkadia)
Year 450 BC - 425 BC
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Value Diobol (⅓)
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Obverse description Bearded Hermes, nude save for his broad-brimmed petasos and chlamys draped over his shoulders, depicted in dynamic motion striding to left with winged feet. His extended right hand holds the kerykeion (herald's staff), while his left arm cradles a ram against his body. The figure is rendered in an archaic style with bold, confident lines characteristic of Arkadian coinage of the mid-fifth century BC.
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Reverse script Greek
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Additional information

Pheneos was a small Arkadian city-state whose coinage output was limited and episodic, making survivors in any condition genuinely scarce. The region's political position during the mid-fifth century was complicated by Arkadia's shifting alliances in the aftermath of the Delphic Amphictyony conflicts and the pressures exerted by both Sparta and the nascent Arkadian League — Pheneos never quite committed fully to either orbit. Its silver issues were almost certainly struck for local commercial use rather than interstate trade, which explains both the modest module and the thin surviving corpus. HGC 5, 980 records only a handful of examples across known collections.

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