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Stater - 108th Olympiad

Issuer Sanctuary of Zeus, Olympia
Year 348 BC
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Reference(s) BCD Olympia#148, Seltman Temple#324
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Reverse description An eagle, sacred to Zeus, depicted standing left in full profile with wings folded and head erect, enclosed within a circular olive wreath tied at the base with a decorative element. The wreath, rendered with naturalistically detailed leaves and tendrils, frames the entire field. The composition is bold and well-centered on the irregular flan, with no legend present, consistent with Elean coinage of the Olympiad series.
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Mint Olympia (Elis)
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Additional information

The Sanctuary at Olympia issued staters to coincide with the Olympic Games, held every four years, making the 108th Olympiad of 348 BC the direct occasion for this coin's production. These were not civic issues — Olympia had no resident population to speak of — but rather festival currency, struck to facilitate the enormous commercial activity surrounding the games and to serve as prestige objects for dedicants at the sanctuary.

Philip II of Macedon had won the chariot race at the 106th Olympiad in 356 BC, the same year Alexander was born, and Macedonian influence over the sanctuary was already growing perceptibly by 348 BC.

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