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⅜ Stater

Issuer Carthage
Year 220 BC - 210 BC
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Composition Electrum
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Reverse description A horse standing in profile to the right with its left foreleg raised in a prancing posture, rendered in a naturalistic Hellenistic style typical of Carthaginian coinage of the late third century BC. The animal's musculature is crisply articulated, with a flowing mane and tail, the body well-proportioned within the confines of the irregular flan. The ground line is implied rather than explicitly engraved, and the field is otherwise plain. The horse motif, a central symbol of Carthaginian power and the North African cavalry tradition, occupies the majority of the reverse die.
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Mintage ND (220 BC - 210 BC)
Additional information

Carthaginian electrum issues of this period fall squarely within the Second Punic War, when Hannibal's Italian campaign demanded extraordinary military financing. Carthage had long used electrum coinage — an alloy it could not fully control for consistency — primarily to pay mercenary troops, whose wages had already sparked the catastrophic Mercenary War of 241–238 BC. The fractional denominations were particularly suited to small-scale soldier pay and local Sicilian and North African transactions.

The electrum alloy in Carthaginian issues varies noticeably in gold-to-silver ratio across dies, likely reflecting ad hoc sourcing rather than a fixed mint standard.

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