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Dolphin Θ υ

Issuer Olbia
Year 410 BC - 400 BC
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Composition Bronze
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Reverse description Reverse of the dolphin-shaped cast bronze piece, depicting the underside of the cetacean form. A circular eye device is prominent near the head, accompanied by the Greek letters Theta (Θ) and upsilon (υ) incuse in the field to the left of the eye, serving as a control mark or ethnic abbreviation. The tail flukes are clearly rendered, and the surface retains a green patination consistent with prolonged burial. The inscription is characteristic of Olbian civic issues of the late fifth century BC.
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Edge Plain
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Additional information

Olbia's dolphin bronzes are among the earliest cast bronze coins produced anywhere in the Greek world, predating the city's later struck coinage by decades. The Borysthenes River colony — a Milesian foundation on the northern Black Sea — relied heavily on fish trade, and the dolphin form was almost certainly tied to that economic reality rather than purely to cultic association with Apollo.

The theta and upsilon cast into this piece identify it within a series of magistrate or control marks whose precise administrative function remains unresolved in the scholarship.

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