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Tetradrachm - Alexander III Memphis

Issuer Kingdom of Macedonia
Year 332 BC - 323 BC
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Reference(s) Price#3964, SvoronosPt#6
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Reverse description Zeus Aetophoros seated in left profile on a backless throne, his upper body bare and lower body draped, holding a long sceptre topped with a lotus finial in his left hand and extending his right hand to present an eagle with spread wings perched upon it. The legend ΑΛΕΞΑΝΔΡΟΥ runs downward along the right field. In the lower field, Macedonian royal symbols appear as mint control marks, including what appear to be the letters ΑΔ below the throne. A small round object is visible in the lower left field. The entire design is enclosed within a beaded border.
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Reverse lettering ΑΛΕΞΑΝΔΡΟΥ
(Translation: of Alexander.)
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Additional information

Memphis was one of the earliest mints Alexander activated after his conquest of Egypt in 332 BC, likely drawing on bullion from the Persian treasury at that city. The Price 3964 attribution places this issue within the early Memphis series, distinguished from contemporaneous Macedonian and Syrian output by specific die characteristics catalogued by Svoronos.

Egypt's silver supply was limited; most metal here came west from Persia rather than local sources.

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