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COPPER STATERS OF THE BOSPORAN KINGS FOUND

Phanagoria was the largest ancient Greek city on the Taman peninsula and was founded by Teian colonists around 543 BC, and developed into a Greek centre of trade between the coast of the Maeotian, and the countries on the southern side of the Caucasus.

The coin hoard was discovered during the third season of excavations, where archaeologists unearthed an amphora containing 80 copper staters (coins), whilst researching evidence of a destruction layer caused by fire from the 6th century AD.

Archaeologists believe that the burying of the hoard could be associated with several raids by the Huns or Turks, resulting in large parts of the city being torched. Residential buildings, wineries, and public buildings perished in the fire, depositing a large amount of ash, soot, fragments of burnt wooden floors of buildings, broken dishes, and the remains of burnt grain in amphorae in the destruction layer.

   

Vladimir Kuznetsov of the Russian Academy of Sciences said: According to the composition of the treasure, one can determine what money was in use in the internal market of the Bosporus in the 6th century.

A closer inspection of the coins reveals that they are mainly copper staters of the Bosporan kings of the late 3rd - early 4th century AD. The last minting of the Bosporan coins was around AD 341, however, a huge mass of staters made of cheap copper-lead alloy continued to circulate in the Bosporus for several centuries, whilst the role of expensive money was played by Byzantine gold.

To read the complete article, see:
Archaeologists discover a 6th-century coin hoard in ancient Phanagoria(https://greekcitytimes.com/2021/10/06/archaeologists-coin-ancient-phanagoria/)