Dating the Cistophori

The terms of the debate on the vexed question of the date of the introduction of the cistophoric system have narrowed in recent years.Footnote ³⁵ For the high chronology, Karl Harl and Marcellesi rely on the testimony of Livy, who records the display of cistophori in four Roman triumphs between 190 and 187. Marcellesi sees the Attalids minting the new coins at Pergamon in the run-up to the war with Antiochos III. After the victory, the system was expanded to include the other mints in the new territories.Footnote ³⁶ Many other numismatists dismiss Livy’s testimonia as anachronism, and have instead concentrated on the period between 188, when the political geography of Asia Minor was redrawn, and ca. 166–ca. 150, when the coins start to turn up in the Delian accounts. The debate turns on the dating of a portion of Westermark Group VII Philetairoi, reclassified as Nicolet-Pierre issues 19–25.Footnote ³⁷ These Philetairoi share control marks with what are understood to be early cistophori. Leaving aside for a moment the important point that the Attalids struck the cistophori and this Attic-weight regal coinage simultaneously, one needs to decide on dates for this group of the latest Philetairoi. Their presence in the Maaret-en-Nouman hoard (northwest Syria) provides a terminus ante quem of 162.Footnote ³⁸ But it is difficult to determine how much earlier they began, and how long they took to travel from Pergamon to Syria and into the ground. For the overlap of Philetairoi and cistophori, Meadows argues for the lowest chronology yet, ca. 165–ca. 160, and points to a coin of Alabanda minted in 167/6 on the cistophoric standard as supplementary evidence of their existence.Footnote ³⁹

Many scholars posit 181 as a further terminus ante quem for the launch of the cistophori on the basis of Richard Ashton’s interpretation of a letter of Eumenes II to Artemidoros, the Attalid governor of the Lycian outpost of Telmessos (D3).Footnote ⁴⁰ The letter concerns benefactions for the inhabitants of the Kome Kardakon, who had fallen on hard times.Footnote ⁴¹ The key passage reads: “Since it is necessary for them to pay arrears on the poll-tax, each of them four Rhodian drachmas and one obol, but since, in light of their suffering, this is not within their means, let this amount be remitted this year, and from next year, let them pay one Rhodian drachma and one obol (καὶ ἐπεὶ τῆς συντάξεως δεῖ διορθοῦσθαι αὐτοὺς ἑκά̣στου σώματος ἐνηλίκου Ῥοδίας δραχμὰς τέσσαρας ὀβολόν, ἀσ̣θενοῦντες δὲ τοῖς ἰδίοις βαρύνονται, τά τε παραγραφόμενα αὐτοῖς ἐκ τοῦ ἑκκαιδεκάτου ἔτους ἐκ τούτων ἀφεῖναι, ἀπὸ δὲ τοῦ ἑπτακαιδεκάτου ἔτους Ῥοδίαν δραχμὴν καὶ ὀβολόν)” (lines 10–14). Ashton calls attention to the significance of what he deems the curiously unrounded number of the tax. He takes it as given that the poll-tax was normally paid at a rate of four “Rhodian” drachms and one obol, which, if the Rhodian coins are indeed Rhodian plinthophori, is equivalent to a total of ca. 12.6 g of silver, the weight of the cistophorus. This would mean that in Telmessos, in the vicinity of the Rhodian zone of control, the Attalids had decided to collect a tax collected elsewhere in the kingdom as a cistophorus in an equivalent amount of Rhodian coined silver. Therefore, the curiously unrounded number of the tax levied at Telmessos tells us that the cistophorus already existed in the kingdom at large. It is an ingenious conjecture, but should not be mistaken for an unimpeachable fact. The decree only states that the Attalids had been unable to collect the 12.6 g of Rhodian silver coins from the Kardakoi. Significantly, they then permanently lowered the tax rate to a figure, one Rhodian drachm and one obol (3.5–6 g), which bears little relation to the weight of the cistophoric drachm (3.05 g).Footnote ⁴² Was the attempt to integrate the Lycian outpost into the new monetary system so quickly abandoned? Rather, the Telmessos text only demonstrates that in 181 the Attalids were employing a unit of account that would later be expressed in the cistophorus. The origin of the unit of 12.6 g may lie in fiscal experimentation, but 181 cannot be posited as a terminus ante quem for the cistophoric system, which was introduced some time after ca. 175.Footnote ⁴³

Attic-Weight Coinage

Whether we date the cistophoric reform to the 170s or 160s, it is becoming increasingly clear that the introduction of the cistophorus did not spell the end of production of Attic-weight coinage in the kingdom.Footnote ⁴⁴ In fact, we are only just coming to recognize the impressive scale of Attic-weight, “international” coinages minted in the final decades of Attalid rule. Of those that are patently royal, to the aforementioned Group VII Philetairoi we must add an extremely rare issue of tetradrachms bearing a portrait of Eumenes II, dated by Hélène Nicolet-Pierre to 166–159 (Fig. 3.8).Footnote ⁴⁵ Two other silver coinages known from a very small number of specimens seem to be related to officially sanctioned cultic activity: the tetradrachms of Athena Nikephoros, usually placed in the mid-160s (Fig. 3.9), and a tetradrachm from Teos, but issued in the name of a group with deep ties to the Attalid court, the Association of the Artists of Dionysus, dated by Catherine Lorber and Oliver Hoover to the 150s. Meadows has added a further coinage to the mix from the mid- to late 140s. These are tetradrachms that show Demeter on the obverse and the Kabeiroi encircled by a wreath on the reverse, in much the same fashion as the reverse of the Eumenes II portrait coins. Their legend, however, reads not ΒΑΣΙΛΕΩΣ ΕΥΜΕΝΟΥ (“of King Eumenes”), but ΘΕΩΝ ΚΑΒΕΙΡΩΝ ΣΥΡΙΩΝ (“of the Syrioi Kabeiroi”). If Meadows is correct in attributing this coinage to the Attalids, it would be of more than antiquarian interest. By the looks of the die counts, this was a very large coinage, on the same scale as the cistophori in the same period of production.Footnote ⁴⁶

Figure 3.8

Silver tetradrachm of Eumenes II, ca. 166–162 BCE.

(15.24 g, BM 1849,0717.10 © The Trustees of the British Museum)

Figure 3.9

Silver tetradrachm in the name of Athena Nikephoros, reign of Eumenes II, ca. 180–165 BCE.

(16.06 g, BM 1975,0208.1 © The Trustees of the British Museum)

Several cities within the Attalid kingdom also minted Attic-weight coinage after the introduction of the cistophorus. For example, the gold drachms of Tralles, minted on the Attic standard, share control marks with the cistophori Kleiner-Noe series 9 and 41.Footnote ⁴⁷ Signaling the city’s autonomy, it seems that Tralles minted the two gold issues at two distinct periods of its history. Of much greater importance to the regional money supply were the many Ephesian silver drachms with bee on obverse, stag on reverse (Fig. 3.10). Philip Kinns has established an early phase for this coinage that ends ca. 170, as well as a later phase for which he gives only the terminus ante quem of ca. 150.Footnote ⁴⁸ It is indeed likely that Ephesus was producing Attic drachms and cistophori in parallel. The cases of Ephesus and Tralles, cities awarded to the Attalids at Apameia as gifts (dôreai; Polyb. 21.46.10), point up the difficulty of using coinage to determine the political or fiscal status of a community after 188.Footnote ⁴⁹ The same can be said of Temnos, which, while under tight Attalid control, continued to mint its Alexanders in the 150s and 140s.Footnote ⁵⁰ Monetary production is just one arena for the negotiation of sovereignty. As Thomas Martin has shown, the ancient Greeks possessed little loyalty to an abstract connection between sovereignty and the right to mint.Footnote ⁵¹ For the cities of the Attalid kingdom, it is not possible to extrapolate monetary behavior from the political status assigned at Apameia.Footnote ⁵²

Figure 3.10

Silver drachm of Ephesus with legend “of the Ephesians,” ca. 150 BCE.

(4.02 g, BNF Fonds général 511 = Kinns 1999 obverse 70; courtesy of Bibliothèque nationale de France)

Finally, the most significant Attic-weight coinages produced in the Attalid kingdom in these years are the so-called Wreathed Coinages.Footnote ⁵³ These are silver tetradrachms bearing the civic types and ethnics of coastal cities, the obverse framed by the wreath that gives them their name (Fig. 3.11). The cities in question are Aigai, Kyme, Myrina, and Smyrna in the Aeolian core; Lebedos; Magnesia-on-the-Maeander; and Herakleia-under-Latmos. With good hoard evidence and die studies available, Callataÿ has been able to date the Wreathed Coinages ca. 154–135, although the mints operated on different schedules.Footnote ⁵⁴ Still, even on the lowest chronology, the cistophori and the Wreathed Coinages are contemporary developments. It should be noted that several other coinages of the middle two quarters of the second century share the wreath design, for example, coins of Macedonia under Philip V, of Eretria and Cyzicus, and the Athenian New Style tetradrachms. This is evidence not of a monetary union, as some have hypothesized, but of a popular fashion in coin design that may have served to enhance the coins’ acceptability.Footnote ⁵⁵

Figure 3.11

“Wreathed” silver tetradrachm of Myrina, ca. 160–135 BCE.

(14.51 g, ANS 1944.100.44235; courtesy of the American Numismatic Society)

The Wreathed Coinages circulated similarly to other Attic-weight coinages of Asia Minor. They do not appear in the thin hoard record for mid-second-century Asia Minor, but they do turn up in Levantine hoards of the 150s and 140s.Footnote ⁵⁶ We do not need ad hoc political or military explanations to explain why silver moved from the Aegean to the Near East, where the higher value of silver relative to gold had since Achaemenid times attracted Greek coinage to the Levant.Footnote ⁵⁷ Indeed, the Wreathed Coinages participated in an old circulation pattern that intensified in this period. What needs to be explained is the size of these coinages, which share common designs and originate in cities firmly under Attalid control. Callataÿ estimates a total of 76.8 Attic-drachm equivalent obverses per year for the Wreathed Coinages – compared with just 51.9 for the pre-133 cistophori!Footnote ⁵⁸ Tipped off by the size of the issues, scholars since Rostovtzeff have suspected Attalid involvement.Footnote ⁵⁹ The notion of a “proxy coinage” may seem less conspiratorial after the discussion below. Leaving open for now the question of the precise nature of Attalid involvement with the Wreathed Coinages, it is difficult to understand how these cities minted in such quantities without injections of bullion from the outside.

The Devil in the Administrative Details: The Evidence for Centralization

To underline the point, the coins do not give us a balance of accounts, how much city and king – or indeed third parties, like merchants – each invested in the system, and how much each took out. And this problem is not unique to Attalid Asia Minor. In a programmatic essay on late Hellenistic coinage, Picard has sized up our aporia with the question, “Where does the metal come from?”Footnote ⁶⁹ No metallurgical analysis is available to trace the origin of the various stocks of silver bullion used to mint early cistophori.Footnote ⁷⁰ On the other hand, we can at least try to determine where the minting took place, and how the shape of the money supply and the rhythm of monetary production were managed. To begin with the organization of the cistophoric mints, Kleiner’s Early Cistophoric Coinage (ECC) appears to have overstated the case for centralized production. Le Rider and Otto Mørkholm have offered criticisms of ECC on this score, but given the status of Kleiner’s book as the standard of reference for the coinage, its arguments deserve further scrutiny, since for Kleiner, what he calls “inter-city linkage” would “necessitate a complete reconsideration of the nature of the cistophoric coinage.”Footnote ⁷¹

ECC does not postulate two tiers of mints, large and small, as we have above. The system of ECC contains just three central mints that produce all the coins, whichever their charaktêr: Ephesus, Tralles, but, most importantly, Pergamon itself, the administrative hub, minting for a number of smaller pseudo-mints. Central to Kleiner’s argument is a notion of intercity linkage that includes not only die links, but also shared symbols, monograms, and, crucially, the stylistic links that Kleiner observes throughout the coinage. Numismatic method privileges the evidence of die links over stylistic links, but the number of die links in the ECC corpus is surprisingly low.Footnote ⁷² In fact, there are only two instances of verifiable die-sharing between mints, both involving Pergamon.Footnote ⁷³ The first is the link between Kleiner’s P24 of Pergamon and S10 (series 6) from “Sardis-Synnada.”Footnote ⁷⁴ Noting that “Sardis-Synnada” series 6 is itself die-linked to the then as yet un-deciphered ΒΑ ΣΥ ΑΡ cistophori, Kleiner argued for the unlikelihood of a single die traveling between the royal capital, Lydia, and Phrygia. Since then, Le Rider has suggested that “Sardis-Synnada” is actually two mints, Sardis and Lysias in south Phrygia; that the monogram on the reverse of the obverse die-linked coin at issue should be read “Dionysoupolis”; and that the ΒΑ ΣΥ ΑΡ coins come from Blaundos, both Dionysoupolis and Blaundos themselves also lying in south Phrygia.Footnote ⁷⁵ All this still leaves us with the circulation of at least one die between two or perhaps three regions. Its possible mintmark notwithstanding, Blaundos, for example, does not seem to have been urbanized under the Attalids.Footnote ⁷⁶ So the need for greater centralization in rural south Phrygia makes sense. We cannot rule out a traveling mint that accompanied the retinue of Eumenes II, who might have faced the Galatians at both Sardis and Synnada.Footnote ⁷⁷ Edward Robinson demonstrated a roving mint for Aristonikos.Footnote ⁷⁸ Whatever the arrangement here, it was short-lived, irregular, and confined to an early stage, perhaps under the peculiar conditions of the Galatian War.

Much more suggestive of centralization is the second case of die sharing, known from an impressive five links between Pergamon and Apameia: Kleiner’s A17/P38, A24/P46, A28/P54, A38/P75, and A40/P79. Moreover, Kleiner’s observation that the pace of production at both mints was increasing simultaneously is intriguing. It at least implies that both mints faced a sharp increase in demand for coinage at the same time and coordinated a response. But were these actually two distinct mints? If one assigns to Pergamon the 16% of production currently credited to Apameia, a more centralized system emerges with just three mints functioning. However, many of the die linkages have been challenged.Footnote ⁷⁹ It was also quite common for dies and die-cutters to pass between mints.Footnote ⁸⁰ The detailed study of Christophe Flament on the mechanics of minting in Classical Greece highlights the pitfalls of using hand studies to demonstrate centralized production.Footnote ⁸¹ Yet Kleiner’s observations of hands is what sustains much of his model of centralization, from Apameia to the mystery mint ΚΟΡ to his claim that Tralles struck for Laodikeia.Footnote ⁸² There are clear signs of coordination by a central authority, but we also find hints of local participation and information sharing. Apameia seems to have minted its first civic bronze coinage about now, which shares the symbol of the pilos with early cistophori.Footnote ⁸³ For the late cistophori, the civic mint was certainly involved, as the magistrate ΚΟΚΟΥ appears on both the silver cistophori and the civic bronze coinage.Footnote ⁸⁴ In sum, it still seems probable that Apameia possessed a mint under the Attalids.

It must be admitted that the cistophori display remarkable uniformity of type. The imagery is consistent, as is the placement of the ethnic and the symbols (Figs. 3.3 and 3.12). The weight of the coin and the size of the flan do not change much either.Footnote ⁸⁵ Most importantly, the repetition of symbols on the coins of different mints implies a coherent administrative system. On the other hand, we find striking anomalies, such as the letters on a limited number of series from Ephesus (33–35) and Apameia (27–28), usually taken to be regnal years. Whether the letters on either of these coinages actually represent regnal dates, and why these cities alone and not Pergamon itself would have marked time in this way are both open questions.Footnote ⁸⁶ The salient point is that different administrative systems were at work in different places. This implies that local actors and institutions influenced the production of the cistophori. We get a sense of just how important local officials might have been under the Attalids from the behavior of their mints immediately after 133. While the Ephesians were quick to place their city’s civic era on the coins, the citizens of Pergamon minted cistophori bearing the names of their prytaneis.Footnote ⁸⁷ Had those magistrates shared the responsibility for minting with royal officials all along?

Figure 3.12

Cistophoric silver tetradrachm of Ephesus, ca. 150–140 BCE.

(12.58 g, ANS 1944.100.37502; courtesy of the American Numismatic Society)

The Peculiar Role of Tralles

Die sharing is just one of the twin pillars of the case for centralization. The other is the specialization of the mint of Tralles in the production of small denominations. These are the didrachms and drachms that survive in much smaller numbers than the cistophoric tetradrachms (Figs. 3.4 and 3.5). This unmistakable peculiarity of Tralles in this respect fulfilled the needs of local users on the border between two large regional monetary systems. Thus, ECC lists 16 obverse drachm dies and 18 obverse didrachm dies for Tralles.Footnote ⁸⁹ No other mint comes close.Footnote ⁹⁰ However, the traditional view is that the Attalids arbitrarily assigned small change to Tralles. “It is unlikely that the silver currency needs of Tralles differed substantially from those of the other large Attalid cities,” writes Kleiner.Footnote ⁹¹ On this interpretation, royal needs motivated Tralles’ designation, which represents the ultimate instantiation of the “royal design” behind the cistophoric system. Even those who model decentralized production assume centralized control of the shape of the supply of coin. For example, Callataÿ: “The fact that the mint of Tralles was in charge of nearly all the fractions points too in the direction of a general policy established at a higher level.”Footnote ⁹² It is also commonly assumed that the Attalids decided unilaterally to focus the production of fractional coinage in Tralles. As Thonemann writes, “The cistophori were produced at a number of decentralized mints. Their production, however, was closely directed from the centre.… [Tralles’ specialization] strongly suggests that the distribution and scale of the mints did not necessarily reflect the coinage’s circulation.”Footnote ⁹³

In fact, the special role of Tralles was neither arbitrary nor the outcome of a unilateral royal decision. Further, the case of Tralles may even shed light on circulation patterns. Consider first that the city continued to specialize in fractions – and even intensified its production of small denominations after the fall of the Attalid dynasty. In his study of the very large coinage known as the “late cistophori,” minted from ca. 133 to ca. 67, Kleiner found that Tralles retained its traditional role.Footnote ⁹⁴ The only hoard of late cistophori that contains fractions is IGCH 1460 (unknown provenance in Asia Minor). It contains 2 drachms and 7 didrachms, all of them, except for a single drachm of Ephesus, from Tralles. Kleiner did not make a companion die study of the late cistophori, but he does note that the late fractions of Tralles are overwhelmingly dominant in both public and private collections.Footnote ⁹⁵ In trying to understand the persistence of the pattern, it is important to remember that early Roman administrators were cautious and practical. We could see here simply the rote reproduction of an administrative procedure and the inertia of bureaucracy.

However, a meaningful pattern emerges when we consider a yet later stage in the long history of the cistophori. When production of the late cistophori ended ca. 68/7 in the context of Pompey’s operations in the East, a 10-year hiatus ensued.Footnote ⁹⁶ Around 58, the cistophori appeared again, this time bearing the names of cities, but also two personal names, one Greek and one Latin. These are the so-called proconsular cistophori, which carry the names of Roman proconsuls and local Greek magistrates. The coinage ends ca. 49 BCE with the issue of the propraetor L. Aemilius Lepidus Paullus. Gerd Stumpf’s corpus of proconsular cistophori does not record any fractions.Footnote ⁹⁷ Yet this is because the one fraction that can be associated with the proconsular cistophori does not bear the typical two names, but just the Greek one. The coin is a didrachm minted by a certain ΑΡΙΣΤΟΚΛ[ΗΣ] (BMC Lydia 335, no. 55).Footnote ⁹⁸ The same Aristokles of Tralles, we presume, is known to have minted proconsular cistophori (tetradrachms, bearing the city’s ethnic) for both C. Claudius Pulcher (Fig. 3.13) and C. Fannius (Stumpf nos. 55, 63, and 65). It is unclear whether Aristokles’ name appears alone on the didrachm due to considerations of space in the visual field or whether this is an expression of a different institutional arrangement. Either way, it appears that Tralles – and perhaps only Tralles – was minting fractions after a decade-long hiatus.

Figure 3.13

Proconsular cistophoric silver tetradrachm, signed by C. Pulcher and Aristokles, 55–53 BCE.

(11.95 g, ANS 1959.48.6; courtesy of the American Numismatic Society)

After all the intervening disruption, why was it Tralles, yet again, which specialized in fractions? We need not imagine that its citizens held a monopoly on the technological know-how. Rather, we need to take seriously the possibility that the monetary needs of this city had been distinctive all along. In other words, we need to examine the economic and historical geography of the Maeander Valley. Thonemann’s study of the long-term history of the Maeander region illustrates how it can either connect or separate different stretches of Anatolia. He views Apameia both as a limit point for the Attalid imperial space and as an interchange between the steppe of inner Anatolia and the coastal lowlands.Footnote ⁹⁹ The Maeander after 188 was very much a political frontier, chosen to mark the boundary between Rhodes’ domain on the mainland (peraia) and the expanded Attalid kingdom. In economic terms, perhaps this frontier was more permeable. Thonemann’s study does not offer us any idea of what an interchange would look like that connected the Rhodian zone of southwestern Asia Minor to the Attalid Maeander and beyond. Tralles fits the bill perfectly.

Positioned at the junction of several important trans-Anatolian routes, Tralles also joined Attalid Lydia to Rhodian Caria (Map 3.1). Branching off from the primary route between the coastal delta and the upper Maeander, the major route south into Caria took off from Tralles. In Pergamene terms, it connected Tralles to Alabanda, and, ultimately, Telmessos. But another branch connected Alabanda to Lagina, Stratonikeia, and, finally, Physkos (Marmaris), on the mainland opposite Rhodes.Footnote ¹⁰⁰ The road from Alabanda to Tralles connected Caria to the Attalid’s southern highway, a stretch of the road that was to become one of the main arteries of the Roman province of Asia.Footnote ¹⁰¹ Strabo’s source Artemidoros of Ephesus (fl. 104–101 BCE) traveled it. In his testimony, Artemidoros is explicit about how he conceptualizes the road. For him, the road was part of a route from Physkos to Ephesus. Thus, Strabo: “Artemidoros says that the journey from Physkos, on the coast opposite Rhodes, towards Ephesus, as far as Lagina is 850 stadia; thence to Alabanda 250 stadia; to Tralles 160. About halfway, on the road to Tralles, the Maeander is crossed, and here are the boundaries of Caria. The whole number of stadia from Physkos to the Maeander, along the road to Ephesus, is 1180 stadia” (14.2.29).Footnote ¹⁰² For Artemidoros, note, Tralles was the middle point on this route, in terms of both distance and conceptual geography. Tralles was the end of Caria.Footnote ¹⁰³

Map 3.1

The Maeander Valley and Rhodian Caria.

By location, therefore, Tralles was a monetary interchange between, on the one hand, the Rhodian zone to the south, where Rhodian and pseudo-Rhodian coinages on epichoric standards dominated for centuries, and, on the other, the young cistophoric zone. After 188, but seemingly before the advent of the cistophorus, the Rhodians reformed their own coinage, minting the plinthophoros.Footnote ¹⁰⁴ The Rhodians may have designed the plinthophoros to be even more epichoric than other Rhodian and pseudo-Rhodian coinages in circulation.Footnote ¹⁰⁵ In any case, the plinthophori, like other coinages on the various “Rhodian” standards, circulated throughout the Rhodian peraia and rarely left the zone. For their part, the cistophori almost never left the Attalid kingdom. The Maeander Valley, then, formed the border between two large, relatively impermeable regional monetary systems.Footnote ¹⁰⁶ Passage between the two would have necessitated an exchange of currencies. And if the volume of those exchanges were higher than elsewhere, the demand for small denominations would also have been elevated. Indeed, if we accept that Tralles linked the Rhodian zone to the cistophoric zone, then as an interchange between two major epichoric systems, Tralles was sui generis as an Attalid mint.Footnote ¹⁰⁷

To test the hypothesis of high-volume currency exchange in and around Tralles, we may look to the thin but suggestive hoard record. As noted, fractions of Tralles dominate the only known hoard of late cistophoric fractions, which is the unprovenanced IGCH 1460. For the cistophori of the Attalids, we are luckier. We still have just one hoard containing fractions, but it has a provenance. IGCH 1328 (Şahnalı) contains 18 pieces of cistophoric silver, 10 of them fractions. Again, among the fractional mints, Tralles predominates, with four didrachms. But the other mints are represented too: one didrachm apiece from Pergamon, Ephesus, Apameia, and “Synnada.”Footnote ¹⁰⁸ While the Şahnalı hoard provides further confirmation of Tralles’ special role, it also sheds light on circulation patterns in the system. In other words, it is important to notice that the hoard contains coins from all the major mints, both cistophoric tetradrachms and fractions. It could be what numismatics call, with all due caution, a “circulation hoard,” the proverbial snapshot of what was in circulation at a given place and point in time.Footnote ¹⁰⁹ The hoard was found near the site of ancient Euhippe, which lies just opposite Tralles, south across the plain of the Maeander, not far to the east from where the route of Artemidoros entered and exited the Valley, on the way from Tralles to Alabanda in Caria.Footnote ¹¹⁰ We simply do not have the hoard evidence to test the representativeness of the Şahnalı hoard in terms of circulation, though it is unquestionably representative in terms of content; that is, the common fractions of Tralles predominate. This is an isolated piece of evidence, but it suggests a pattern of circulation that concentrates fractions from all over the Attalid kingdom in the vicinity of Tralles, on the very edge of the cistophoric zone.

The hypothesis of heavy traffic between the Rhodian and cistophoric zones, channeled through Tralles, which produced a high volume of currency exchange, motivating the special role of Tralles in the cistophoric system, finds support in the behavior of mints south of the Maeander after the introduction of the cistophorus. In reaction to the creation of the cistophoric zone, these cities minted a portfolio of coinages on different standards, which allowed them to maintain their economic ties to the Maeander and profit from their own position of connectivity. After 167, the Rhodian political hegemony in Caria and Lycia began to collapse, but southwest Asia Minor was still very much part of the Rhodian monetary koinê.Footnote ¹¹¹ In Caria, Alabanda in the 160s minted not only Attic-weight Alexanders, but also a coinage on the cistophoric standard.Footnote ¹¹² With this coinage, Alabanda was not pledging fealty to Pergamon. It remained outside the Attalid kingdom, even if Eumenes II was inching into the power vacuum.Footnote ¹¹³ The Alabandan “cistophori” imply significant traffic back and forth along the first stretch of the Tralles-Physkos corridor, and represent one state’s attempt to integrate the two regional systems to its advantage. Similarly, Carian Stratonikeia, which lay further south along the same route, minted a curious denomination in this period, an Attic tridrachm alongside an Attic drachm in a system otherwise dominated by plinthophoric drachms and hemidrachms.Footnote ¹¹⁴ Meadows has pointed out that the weight standard of Stratonikeia’s Attic-weight tridrachm, ca. 12–12.5 g, made it interchangeable with a cistophorus. In northern Lycia, Oinoanda may have pursued a similar strategy, minting silver didrachms that equated nicely with the cistophorus at the ratio 3:2.Footnote ¹¹⁵ Another north Lycian city, late Hellenistic Kibyra followed Alabanda and minted its own cistophoric tetradrachms and drachms (BMC Phrygia, pp. 131–32, nos. 1–5). The north Lycian cases are without firm dates, floating between the mid-second and early first centuries BCE. For our purposes, it need not matter. Clearly, the spread of the cistophorus into southwestern Asia Minor was a slow, intermittent, century-long process, still being completed in the early first century BCE.Footnote ¹¹⁶ Along the way, it was useful for those cities situated on major routes in and out of the Maeander Valley to mint an appropriately flexible coinage.

Another measure of the extent to which Tralles straddled two monetary zones is the poor survival rate of its coins. Low survival rates may provide indirect evidence that cistophoric fractions were leaking out of the cistophoric zone faster than the cistophori themselves. The loss of small denominations is a case of the notorious “problem of small change” studied by economic historians Thomas Sargent and François Velde.Footnote ¹¹⁷ The drachms of Tralles are known from 18 specimens (n) and 16 dies (D), a ratio of nearly 1:1; the didrachms are 30 (n) and 20 (D), exactly 3:2.Footnote ¹¹⁸ Numismatists, with theoretical backing from statisticians, typically seek a sample of n/D = 3:1 before undertaking a die study.Footnote ¹¹⁹ Using a lower ratio is dangerous because it is not possible to estimate the original number of dies with any degree of certainty. In other words, we must admit that we do not have any idea of the scale of Tralles’ production of cistophoric fractions. However, we do know that Tralleian fractions survive very poorly. The average n/D for the entire cistophoric coinage (166–123 BCE) is 2.75 (1,142/416).Footnote ¹²⁰ So, while the sample size is small, the fractions of Tralles are significantly below the average at 1.5 for the didrachms and 1.125 for the drachms. But how do those rates compare with other small silver of second-century Asia Minor? Kinns’ study of the copious silver drachms of Ephesus (ca. 202–150 BCE), produced an n/D of 8.43 (590/7).Footnote ¹²¹ On the other hand, the Rhodian plinthophori (ca. 185–84 BCE) survive at a much more comparable rate of 1.91 (1,583/829), as do the Stratonikeian hemidrachms (130–90 BCE) (4.92 = 305/62) and the pseudo-Rhodian drachms of Mylasa (165–30 BCE) (5.79 = 619/107). Hoarding practice may account for the problem. It could be that small silver in a multidenominational system was hoarded differently – that is, less – and so survives less often. An apposite comparison is available from Bithynia of the reign of Prousias II (189–149 BCE). His silver drachms are extremely rare by comparison to his tetradrachms.Footnote ¹²² We may also consider the possibility that the high volume of currency exchange on either side of the “cistophoric frontier” just south of Tralles contributed to a distinctive circulation pattern for the fractions, and so a lower rate of survival. The plinthophoric drachm weighed about as much as the cistophoric drachm (3.05 g), but we can hardly suppose that money changers were willing to make the exchange for free.Footnote ¹²³ Did those who went south take the fractions of Tralles with them, exchanging these coins inside the plinthophoric zone, where they eventually met the melting pot?

The weight of the evidence shows that local needs and preferences determined the choice of Tralles as the chief fractional mint in the cistophoric system. Or to put it another way, regionalism inflected the shape of the money supply in the Attalid kingdom. Consider again the regional situation along the Maeander, but now against the backdrop of the wider Hellenistic world. As Picard has illustrated, the typical late Hellenistic monetary system was built around large silver and fiduciary bronze, with little coinage at the intermediary values.Footnote ¹²⁴ Few regional systems reserved an important role for small silver. The exceptions to this rule were two: the symmachic Peloponnese and the Rhodian zone that intersected with the cistophoric zone at Tralles. In the late third or early second century, Rhodes even raised a tax (or a public subscription?) called the didrachmia (SEG XLI 649).Footnote ¹²⁵ Moreover, the imitative cistophoric production of Kibyra in northern Lycia seems also markedly biased toward the fraction. No comprehensive study exists, but a survey of major collections reveals a nearly 3:1 advantage for Kibyra’s cistophoric drachms over its tetradrachms (30:9).Footnote ¹²⁶ The Tralleian cistophoric fractions are representative of the affinity of southwest Asia Minor for small silver. In the end, there were good reasons for Tralles to specialize; the choice was not arbitrary.

In sum, the case of Tralles is a far cry from proof that the Attalids held fiat power when it came to the shape of the money supply. Naturally, the people of Tralles possessed some notion of how to shape it themselves. Recall that they minted Attic-weight gold staters in two issues ca. 167–133. They may very well have minted civic bronzes in this period too.Footnote ¹²⁷ It also remains possible that civic authorities in Tralles applied a countermark of their own, the bull protome, to certain Attic-weight silver tetradrachms from outside the kingdom.Footnote ¹²⁸ Therefore, one can conceivably find local inflection up and down the complete range of value. Yet for poleis, just as important as the shape of the money supply was the rhythm of monetary production. As noted, the cistophoric system contains several administrative anomalies. From Tralles, we have intriguing signs that the rhythm of minting was not set on high. These are the unusual combinations of letters and monograms on Kleiner-Noe series 33–35, tetradrachms, didrachms, and drachms, which Ashton has read as Macedonian months.Footnote ¹²⁹ Again, the sample size is small, and the die links imply a perhaps short-lived experiment. None of this disproves the existence of a central authority in the cistophoric system. It merely alerts us to the existence of countervailing forces of decentralization. When it came to money, Tralles wanted what every Greek state wanted in order to combat the “anarchy” of the ancient monetary world: some measure of control over the rhythm of the production of coinage – and with it, the shape of the money supply; some room for supple reactions to changing conditions.Footnote ¹³⁰

Closure and Closed Currency Systems: The Ptolemaic Model

So much about Tralles was royal. It had fallen to the Attalids as a “gift” city at Apameia, and it seems to have displaced Sardis as the chief administrative center of the region. In Tralles, the Attalids constructed a palace and may have received extraordinary cultic honors.Footnote ¹³¹ However, the city’s minting reminds us of the complexity of the relationship between sovereignty and coinage in ancient Greece.Footnote ¹³² Yet, prima facie, Tralles seems unlikely to have exercised influence over the design of the scaffolding of the cistophoric system. Just outside the city’s gates was an open-air royal military encampment.Footnote ¹³³ If the introduction of the cistophorus necessitated negotiation, Tralles was not in a position of strength. Yet the character of the cistophoric coinage was not “royal,” if by royal we mean that the coinage expresses raw domination. We must reckon with the iconoclastic appearance of the coins, while the role of royal authority in the system also cannot be denied. This is because the cistophoric zone was a closed monetary system. The only state around capable of launching and maintaining an epichoric coinage on this scale and territory was Pergamon, even if nothing was possible without the cooperation of the cities.

Confronted with a closed currency system within a Hellenistic kingdom, scholarship has always turned to well-documented Ptolemaic Egypt as both the historical and interpretive model for the cistophori. From Rostovtzeff to Mørkholm, the Attalids were seen to have taken direct inspiration from the Ptolemies.Footnote ¹³⁴ For Le Rider and Callataÿ, the Attalids imitated the Ptolemies, but the model belonged to no one; closed currency systems were simply the norm in both classical and Hellenistic Greece.Footnote ¹³⁵ Lost in all this is the distinctiveness of the Attalid case. In other words, even more than the term “royal,” the notion of closure lacks nuance in most accounts and potentially leads us astray. Unchallenged, the inapt Ptolemaic comparison impedes our understanding.Footnote ¹³⁶

Leaving aside the question of its origins and motivations, how did the Ptolemaic system work in practice?Footnote ¹³⁷ We know surprisingly little, but it is clear from the hoards that foreign coinage, both Attic-weight and foreign epichoric, ceased to circulate in Egypt ca. 310–ca. 300.Footnote ¹³⁸ Over this period, the weight of the Ptolemaic silver coinage descended progressively from the Attic standard of ca. 17.25 g to its own epichoric standard of ca. 14.25. Around the same time, Ptolemy I also introduced reduced-weight gold and bronze coinages.Footnote ¹³⁹ According to Gresham’s law, the reduced-weight coinages in precious metals would have forced the full-weight (i.e., Attic-weight) coinage, much of it foreign, out of circulation; and market forces alone would have kept Ptolemaic gold and silver coins from leaving Egypt, since their local value so exceeded their international one.Footnote ¹⁴⁰ Yet it appears that the Ptolemaic state had a more active role to play in creating the homogeneity of the hoards. Relying on the indirect evidence of P.Cair.Zen. I 59021 of the year 258, one generally sees an official prohibition on the use of foreign coinage in the form of a prostagma issued ca. 300. Unfortunately, we do not possess the text of a law, just that famous letter of the mint official Demetrios to the royal dioikêtês Apollonios. It depicts a frustrated foreign merchant class waiting to change foreign (epichorion) gold coins and old Ptolemaic trichrysa into new Ptolemaic mnaieia after the reform of Ptolemy II. Their money is lying idle. The lesson is that, in Egypt, there were no options. The Ptolemaic state created a system in which the exclusive legal tender was whatever local coinage the king ruled valid. Buying and selling, all payments public and private, were to be conducted in the local coinage sanctioned by the Ptolemaic state.Footnote ¹⁴¹

Therefore, part of the standard reconstruction of economic life in Ptolemaic Egypt is the following scenario. A foreign trader arrives at port. To buy an export cargo, he will have to obtain Ptolemaic coinage. To buy Ptolemaic coinage, he must bring his foreign coinage into the country. It is possible that the import of coinage was taxed.Footnote ¹⁴² Having paid customs, the trader goes to a bank, where he changes foreign coinage into Ptolemaic coinage at officially prescribed rates of exchange – taking a 17% (?) loss on silver, perhaps even more on gold.Footnote ¹⁴³ Of course he keeps some amount of foreign coinage on hand in anticipation of his final departure from Egypt. He wants to avoid repurchasing foreign coinage from the bank, coinage that he will need when he arrives at his next port of call. Foreign coinage was not contraband in Ptolemaic Egypt, but unacceptable as legal tender. This is why it is so rarely found in hoards post-ca. 300, but, occasionally, it does turn up.

To compare the situation in second-century Asia Minor, when the Attalids introduced the cistophorus at a weight 25% below the Attic standard, they ensured that the coins would not travel far. Royal authority clearly granted them a premium above their international value as silver bullion. This explains why we essentially never find a cistophoric coin in a hoard outside the Attalid kingdom – and indeed the singular example of one such coin in the Larissa hoard is usually considered an intrusion (IGCH 237; buried ca. 165). The cistophoric zone was closed in the sense that the cistophori did not slip out too easily. As Meadows points out, these silver coins behave just like any epichoric bronze: with all their fiduciary value, they are meant to stay put.Footnote ¹⁴⁴ Yet the Ptolemaic – or Olbian – notion of closure was something else.Footnote ¹⁴⁵ There, exchange as such was closed to foreign coinage, whether gold, silver, or bronze. In other words, whatever its real value in Egypt as precious metal, or its fiduciary value elsewhere as coin, non-Ptolemaic coinage could not serve as a means of payment in the Ptolemaic state. Contrary to popular belief, there is no firm basis for the view that the Attalids similarly banned the use of non-cistophoric coinage within the territory of their kingdom or even within some “cistophoric core,” the existence of which is scarcely visible in the hoard record and is in fact contradicted by the epigraphic record.Footnote ¹⁴⁶ Ultimately, the cistophoric system outlived the Attalids and all their edicts. Yet to argue for a “hard” notion of closure, one often points to the hoard record for pre-133 cistophori, which, again, is poor in the extreme.Footnote ¹⁴⁷ Almost all of the hoards contain only cistophori. However, the earliest hoard to include cistophori is mixed, the 1962 “Asia Minor” hoard IGCH 1453, containing 71+ silver coins, 42 of them cistophori, the rest, various Attic-weight coins, including five Pergamene. Meadows dates the deposit of this hoard to ca. 150 but is agnostic about its findspot.Footnote ¹⁴⁸ To preserve the picture of a Ptolemaic-style closed system, Christof Boehringer, in publishing the hoard, placed it on the frontier between the cistophoric zone and the neighboring Attic-weight zone within the boundaries of the kingdom of Bithynia.Footnote ¹⁴⁹ Yet consider also the fact that an unmixed hoard of 37 cistophori was found at Türktaciri on the Upper Sangarius, in the hinterland of Pessinous (CH VIII 446). That hoard, known as the Polatlı hoard, does not make the Galatian frontier part of the cistophoric core. Rather, it reminds us that the borders of the monetary zone as much as the kingdom were permeable and mutable. Among its 37 coins is a range of some of the earliest and latest series, right down to autonomous cistophoric issues of Ephesus securely dated 131/0.Footnote ¹⁵⁰ In addition, all five of the largest mints are represented, in regular proportion to their size, making trade, as much as warfare, a plausible explanation for it on the Sangarius. Either trade or warfare could also explain the Ahmetbeyli hoard from the opposite, Aegean fringe (CH IX 535). Further, a large hoard of 120+ cistophoroi was found in the nineteenth century in Afyonkarahisar (IGCH 1415). Does it derive from a single military campaign or from healthy trade at the great emporion of Apameia?Footnote ¹⁵¹ We must admit our ignorance. In the end, what the evidence of hoards tells us is that the ancient user generally kept separate stores of cistophoric and non-cistophoric coinage, not that the Attalids proscribed the use of foreign coin. Hoarding practice does not necessarily reflect what was used or in circulation.Footnote ¹⁵²

The logic of such a hoarding practice is that the monetary system is ramified. Different payments require different currencies. For the Attalid kingdom, then, we can reconstruct the following scenario. A foreign trader arrives at an Attalid port or at an inland interchange like Tralles, and he first pays customs. To what extent does he then change his foreign coinage, Attic-weight or epichoric, into cistophori, assuming he does not possess a reserve of them like the merchants of the Antikythera shipwreck?Footnote ¹⁵³ The answer is that it depends on what kinds of payments he will make – and this is the crucial difference between the Ptolemaic and Attalid situations. For in the Attalid system, cistophoric coinage must have been required only for a certain a set of payments. Chief among these payments would have been official payments: taxes, fees, rents, and others, and so our hypothetical foreign trader could certainly not have avoided purchasing some cistophori. Of the official status of the money changer that he went to, we can say nothing. Yet in light of the comparative evidence, we can be fairly certain that the Attalid state fixed either the exchange rate or the exchange fee (agio), or perhaps both. In the fifth century, the Athenians set an official agio for the exchange of foreign coinage into owls in the so-called Coinage Decree (ML 45 line 5).Footnote ¹⁵⁴ The citizens of Pontic Olbia set an official rate of exchange for their coinage against Cyzicene electrum staters (Syll.³ 218 lines 24–26). In the end, this is part of the logic of any epichoric coinage: the state, whether it be a polis like Sestos or the Ptolemaic kingdom, gained revenue by forcing people into currency exchanges, and then profiting from its position of monopoly power over some aspect of those exchanges.Footnote ¹⁵⁵

For a host of other payments inside the Attalid kingdom, one might have preferred or been compelled to make payments in Attic-weight silver or gold; or in a different epichoric coinage, the Rhodian, in places with strong economic ties to Rhodes, its peraia, and the Cyclades; or for small transactions, in the local epichoric bronze that cities minted without Attalid participation and without reference to the cistophoric standard.Footnote ¹⁵⁶ It may have been that the deeper one went inland, the greater the number of payments requiring cistophori. But it need not have been so. Wherever you went, people were making payments in multiple coinages.

The Attalid Model

If we adopt a ramified vision of coinage in the Attalid kingdom, we can resolve several outstanding problems. The first is the troublesome matter of the extraordinarily high cost of exchanging non-cistophoric coinage for cistophoric. Assuming one exchanged an Attic-weight silver tetradrachm for a cistophorus, the commission was 25%, plus whatever agio was charged. The conventional agio in ancient Greece seems to have been ca. 5–7%, so the total premium of the cistophorus would have been near 30%.Footnote ¹⁵⁷ Again, the Ptolemies are seen to have set a precedent with the high rate of exchange of 17%, their agio being around 10%, for a similarly high total premium of around 30%. Yet how can we compare the alluring resources of Ptolemaic Egypt with those of Attalid Asia Minor? To buy Egyptian grain, the premium was evidently palatable, and the Ptolemies in the Nile Valley enjoyed the perfect ecological niche for enforcing monopoly. In an analogous fashion, and perhaps with Ptolemaic support, the cities of Byzantium and Chalcedon profited from their peculiar ecology on the Bosphorus, but overreached ca. 235–220 when they tried to force an exchange rate of ca. 19% on users.Footnote ¹⁵⁸ This is a limiting case: it seems that Rhodes went to war over the issue, and the closed currency system failed. Byzantium and Chalcedon lacked the resources to sustain the enterprise. For their part, the Attalids enjoyed neither a preciously unique ecological niche nor a productive base that could have justified a demanded premium of 25+%. There are no echoes in the sources of resistance to such measures, which surely would have represented a painful restructuring of economic life, nor signs of the kind of coercive enforcement necessary to sustain a truly closed currency system on this territory. It is impossible to explain how the Attalids managed to impose and maintain the kind of closed system that succeeded in Egypt but ultimately failed in the Propontis. However, this is a question mal posée. Those are inappropriate points of comparison.

We can now also make sense of the large amount of Attic-weight silver minted in Attalid Asia Minor after the cistophoric reform, with both royal (Marcellesi nos. 42–44) and civic types. First, we can dispense with the idea that these were “export coinages.” By sheer volume, they must have been an important part of the money supply of Asia Minor. Consider, for example, that Myrina produced a total of 445 Attic drachm obverse equivalents in Wreathed Coinage, while Ephesus coined a total of 486 in Attalid-era cistophori.Footnote ¹⁵⁹ Of course, as international coinage, these coins were particularly useful for exchange with outsiders. Yet we need not doubt that they passed between insiders too, if we can accept that there existed a series of nonofficial payments for which these coins were legal tender. Selene Psoma restricts these transactions to the fairs of religious festivals, where in her view, locals were required to use Attic-weight coinage to make purchases.Footnote ¹⁶⁰ These were largely big-ticket items like slaves and livestock, and the vendors were outsiders. She adduces the tetradrachm of the technitai of Dionysus (of Ionia and the Hellespont), and the Attic silver called for in the Archippe dossier from Kyme, prescribed for the purchase of a victim. Indeed, one could explain the rare gold staters of Tralles similarly. Like Kyme, the city needed to buy a bull for a festival sacrifice. Yet why should the city be required to purchase the bull (1) from an outsider and (2) under the special conditions of festival commerce? The associations of the technitai, after all, were regional; in Asia Minor, they were intimates of the Attalid court – these were not outsiders. Psoma’s point is salutary, but she has isolated only one of the contexts for which Attic-weight coinage would have been usable and useful.

It is difficult to shine a light directly on those other contexts for Attic-weight coinage in the Attalid kingdom, but we possess tantalizing clues such as the Athenian New Style tetradrachm with the countermark of bull protome (Thompson no. 184b). Margaret Thompson dated the issue of the coin, in Athens, to 175/4, but the whole series has long been downdated. On David Lewis’ influential chronology, the Athenians issued the coin some 33 years later.Footnote ¹⁶¹ Picard’s downward shift is only 20 years, but he also questions the assumption of uninterrupted minting.Footnote ¹⁶² On any of these chronologies, a coin minted at least one or two decades before 133 can plausibly be imagined to have entered circulation in the Attalid kingdom. The same is true of a related coin, the Sidetan tetradrachm that recently surfaced at auction bearing both the bull protome countermark and a cistophoric countermark – this Attic-weight coin obviously circulated in the late Attalid kingdom.

The problem is a familiar one of how to interpret the countermark. Rather than see it as remonetizing a coin that is no longer money once it travels inside the cistophoric zone, we can see it as expanding the range of transactions for which the coin is acceptable. Whoever conveyed this tetradrachm considered it money. The countermark only extended its acceptability, and perhaps cleared up some ambiguity about its value. For example, was the slightly lightweight New Style tetradrachm really worth four Attic drachms? The countermark did not remonetize the coin, but may have allowed it to enter the transactional sphere of local taxes. It is a stark reminder that civic fiscality had its own relationship with coinage to maintain.Footnote ¹⁶³

Dispensing with the Ptolemaic model also allows us to clarify the role of bronze coinage in the Attalid monetary system after the cistophoric reform. In Egypt, closure meant the application of standard ratios of value between Ptolemaic gold, silver, and bronze. Thus, when the Ptolemies altered the weights and denominational structure of their bronze, the papryi reflect the consistent application of the new ratio. Around 260, Philadelphos was even able to impose a heavy bronze coin at value equal to his silver drachma.Footnote ¹⁶⁴ Granted, the Attalid state will have had a hand in fixing the rates at which moneychangers in the kingdom sold their cistophori, rates that were reckoned in gold, bronze, or other silver. The state had to safeguard its profit with a fixed exchange rate – precisely what the Athenians do in the Coinage Decree, or what we see the Roman emperor Hadrian attending to in an Imperial-period decree from Pergamon (OGIS 484). Yet the Attalids minted no gold and, at the beginning of the second century, appear to have stopped minting bronze in the name of Philetairos.Footnote ¹⁶⁵ New bronze issues appear in the era of the cistophori, a civic bronze in the name of the citizens of Pergamon (Marcellesi nos. 63–67) and coins in the name of deities such as Athena Nikephoros and Asklepios Soter (Marcellesi nos. 53–62). Crucially, their denominational structure and, therefore presumably, the values affixed to bronze coinages changed little from the third to the second century. Larger denominations (obols and diobols) are added in the second century.Footnote ¹⁶⁶ Yet we see no reform of the bronze to match the cistophoric reform in silver, such as is visible in the case of the Rhodian plinthophori.Footnote ¹⁶⁷ Effectively, the Attalids had at most an indirect influence over the value of bronze coins trading in an entire sea of transactions.Footnote ¹⁶⁸

The value of bronze coins was not determined solely by the asking price for cistophori, but far more directly by the issuing authorities. And those authorities were the cities of the Attalid kingdom, which granted a fiduciary value to their own bronze coins. This has often escaped notice because it has long been conventional to use 133 as a terminus post quem for many late Hellenistic bronzes of Asia Minor, to assume, unjustifiably, an Attalid prohibition of civic bronze.Footnote ¹⁶⁹ Long-running excavations in the imperial metropole have turned up a restricted range of other cities’ bronze.Footnote ¹⁷⁰ The picture that emerges is of each city attending to its own needs for bronze, choosing the value and acceptability of coin for this tier of the monetary system. We are very far indeed from Ptolemaic Egypt.

The Cistophori: A Coordinated Coinage

Part of the justification for examining in detail the incongruence of the Ptolemaic and Attalid systems is that we can now distinguish the banal from the exceptional. A ramified monetary system, which coupled closure, in the form of a silver coinage removed from the international standard of its day, with an openness absent from Egypt (and Rhodes?) was in fact commonplace. The impermeable Ptolemaic system and the open system of the Seleukids were, in fact, the outliers of the Hellenistic world. The norm for most Greek states was a mixed regime: epichoric coinage was required for one set of transactions, while the rest, to paraphrase the decree of Olbia, was a matter of persuasion.Footnote ¹⁷¹ This is just what we have envisioned for the Attalid kingdom. It is instructive here to recall that in the late 180s, the Attalids had twice asked the Kardakes for a certain tax to be paid in Rhodian coin. It should then be no stretch of the imagination to propose that after ca. 167, the Pergamene state was prescribing a specific coinage – the cistophori – for a certain set of official payments. This exposes what is truly strange about the cistophoric system: its size. Instead of imitating the Ptolemies, the Attalids acted rather like a polis with an exceptionally large chora.Footnote ¹⁷²

However, as we have shown, the Attalids did not act alone. They decentralized minting, and they seemed to have ceded to local actors some measure of control over the shape of the money supply and the rhythm of its production. Indeed, the cistophoric experiment succeeded only with the help of the cities. Just consider once more how currency exchange would have worked, our lack of epigraphical or literary sources notwithstanding. Either the exchange rate or the agio (or both) would have been fixed and standard across the kingdom. This is what all our comparative evidence tells us – this is the logic of an epichoric coinage. We have no way of knowing which kinds of banks performed the exchange, but we can be sure that many were in the agoras of cities, not confined to royal customs stations on a kind of cistophoric frontier encircling the kingdom.Footnote ¹⁷³ We know from the subscription of Colophon in 310 and the audit of Teos in the third century that, in western Asia Minor, people were used to holding portfolios of different currencies.Footnote ¹⁷⁴ By the mid-second century, could things have changed so much? In these conditions, it was difficult to prevent people from making private deals that allowed them to avoid paying the state its due premium. The challenge had motivated earlier Greek cities to appoint official enforcers and impose heavy penalties for noncompliance.Footnote ¹⁷⁵ The problem was endemic to the ancient Mediterranean, and it still plagued the city of Pergamon in the time of Hadrian. There, the agoranomoi failed to suppress an active black market in the city’s bronze coins.Footnote ¹⁷⁶ The problem of compliance was formidable enough in the marketplace or territory of a single polis, but the Attalids needed surveillance, policing, and communication across the wide expanse of their newly expanded kingdom. They needed, in a word, cooperation.Footnote ¹⁷⁷

In their prolegomenon to the study of what they call “cooperative coinages,” Emily Mackil and Peter van Alfen have drawn attention to a broad category of inter- and intrastate minting arrangements that remain poorly understood. Emphasizing the costs and complexities of the enterprise, Mackil and van Alfen seek explanations for why distinct polities submitted to mint together. Reacting against a tradition that read these coins as a straightforward expression of political union or domination, they propose a variety of economic explanations: “If, however, in each case it is possible to provide an economic explanation for the (functional) cooperation of multiple cities in minting coinage, then we need to ask whether any hegemonic factor is really significant.”Footnote ¹⁷⁸ The point is particularly trenchant for our understanding of a multiscalar polity like the koinon. In the case of the early Boiotian Koinon, for example, cooperative minting preceded political federation. In most other cases, it appears at about the same time as other formal institutions at the regional level. In other words, cooperative minting is not an expression of a new political hegemony, but rather a way to institutionalize preexistent economic interdependence. In fact, instead of a hegemon, an ecological imperative can compel cities to cooperate.Footnote ¹⁷⁹

By contrast, the cistophoric coinage entailed a coordinated form of cooperation. Mackil and van Alfen seem to cast kingdom (basileia) as another multiscalar polity, but it is left out of their discussion.Footnote ¹⁸⁰ Yet here, there can be no doubt: political hegemony precedes the cooperative arrangement of minting and using these coins. Here, the significance of the hegemonic factor can be explained. It was the singular role of the Attalid state to coordinate between the different polities. Revenues may very well have been shared, but the fiscal benefits of the system were still distinctly advantageous for Pergamon. Across the kingdom, it became cheaper for the king to collect taxes and make gifts. Also, Attalid Asia Minor was an artificial conglomeration of regional economies, unlike the fragile but coherent economies of Achaia or Boiotia or, to compare an ethnos-based kingdom, Antigonid Macedonia with its economically complementary regional divisions (merides), purposively shattered by the Romans. For their part, the Attalids imposed a political hegemony on a group of regional economies oriented variously and only loosely interconnected. On Pamphylia, the Propontis, the Troad, and the Maeander Valley, they had to impose economic as well as political integration.Footnote ¹⁸¹ The cistophori differ from many other cooperative coinages in that the accent is on the production of new economic behaviors, patterns, and links, rather than on the regularization and maintenance of old ones.

The cistophori, then, represent a special class of cooperative coinage, which is usefully termed “coordinated coinage.” We retain the economic raison d’être, but we also take account of the role of the political hegemon, the coordinator. Because a coordinated coinage presupposes the cooperation of civic institutions, it is again important to keep in mind the developmental trajectory of those institutions in the second century. In creating the cistophoric system, the Attalids drew on a reservoir of civic institutional know-how long in the making. They were also able to rely on a network of civic elites, who, increasingly rich and powerful, were asserting ever more control over local institutions.Footnote ¹⁸² These were men such as Menas of Sestos, who was both an Attalid official and a civic moneyer, someone who cared for the affairs of the king but also for the pride of his city (I.Sestos 1, lines 12, 46). As we have seen, the system rewarded cooperation. Cooperation, however, is not the same as coordination. This is one of the conclusions of Levi in her fiscal sociology of revenue collection.Footnote ¹⁸³ She argues that successful fiscal regimes promote “quasi-voluntary compliance,” through either institutional or ideological means. Compliance is higher where fiscal institutions are more cooperative. Yet people also cooperate with the tax-collecting state because they believe it is in their interest. The state gives them something in return. Ultimately, the cistophoric system engendered a level of economic integration in Asia Minor that buffered risk for all, and the revenues, along with the responsibilities, were likely shared. The Attalids offered their subjects the service of coordination, itself a public good and a reward worthy of their cooperation.

Explaining the Countermarks

In the cistophori, we have explained just one aspect of the monetary change ushered in with the Treaty of Apameia. Yet we have also developed a framework for analyzing two other numismatic puzzles of this period, the so-called cistophoric countermarks, which preceded the cistophori, and the Wreathed Coinages, which were an integral part of the money supply after the cistophoric reform. Again, we need to consider the broader context of Hellenistic coinage, since no one minted into a void. In Asia Minor of the 180s and 170s, the silver coinage of one state countermarked by another would not have been an uncommon sight. While the Seleukid anchor and Helios countermarks seem to begin slightly later than the cistophoric ones, nearby in the Propontis, the practice was time-honored.Footnote ¹⁸⁴ From precisely this period, the Propontis hoard (IGCH 888) contains a tetradrachm of Phaselis bearing a cistophoric countermark of Pergamon.Footnote ¹⁸⁵ Earlier, Byzantium and Chalcedon had countermarked large quantities of Ptolemaic coinage for much of the third century.Footnote ¹⁸⁶ Moreover, the Propontis hoard shows that civic countermarks of Cyzicus, the letters ΚΥ ΖΙ within a wreath, were contemporaneous with the cistophoric countermarks, stamped on the very same Attic-weight silver tetradrachms from Pamphylia. For Thonemann, the ΚΥ ΖΙ countermarks are numismatic evidence that Cyzicus was not part of the expanded Attalid kingdom.Footnote ¹⁸⁷ We should be more cautious. Like the countermark of bull protome, or the Tyche countermarks of Smyrna (?) and the grape cluster of Temnos (?), the Cyzicene one proves only that a city took action to control its local money supply.Footnote ¹⁸⁸ The cistophori and the Wreathed Coinages both imply that the Attalids regularly afforded cities that latitude.

Therefore, in countermarking, the Attalids adopted a practice seemingly widespread in the nearby Propontis, which a number of other states took up at roughly the same time. Yet why they chose to countermark is not always clear. The standard explanation of the function of the countermark, as embodied by Seyrig’s telling of the “Phoenician episode” on the Bosphorus and in an influential essay of Le Rider, has clouded the discussion.Footnote ¹⁸⁹ For a period of about 15 years (ca. 235–ca. 220), Byzantium and Chalcedon jointly minted silver on a reduced, so-called Phoenician standard, very close to the Ptolemaic standard of 14 or 13.5 g to the tetradrachm. Simultaneously, the two cities seem to have countermarked all Attic-weight silver, mostly foreign, but also their own Lysimachi.Footnote ¹⁹⁰ Also, since at least the early 260s, Byzantium’s countermarks had been placed on Ptolemaic tetradrachms minted at Alexandria. Further, we now know that Byzantium and Chalcedon minted Lysmachi unceasingly into the second century. A number of different monetary experiments, then, seem to have taken place on the Bosphorus between the 260s and the 220s. So while for Seyrig, the “Phoenician” silver created a closed currency system in order to raise revenue during the acute crisis reported by Polybius (4.37.8–10, 4.45.1–53.1), Thomas Russell’s treatment of the new evidence concludes that under financial pressure from the Galatians, Byzantium and Chalcedon had already closed the system with Ptolemaic support several decades prior.Footnote ¹⁹¹

The unique ecological niche of the Bosphorus and the aggregate coercive power of Byzantium, Chalcedon, and the Ptolemies may have, for spurts of time, made it possible to close off the region’s currency system completely. We should not, however, use the case both as a general template for understanding countermarking and, specifically, to explain the cistophoric countermarks. The idea is that it only makes sense to countermark a (foreign) silver coin in order to either remonetize it or retariff it. The theory of remonetization has nothing to commend it. It was plausible when the cistophoric countermarks were seen to accompany the cistophori themselves, or if the cistophoric zone is seen to be hermetically sealed. Yet it is doubtful whether any ancient Greek state, other than Ptolemaic Egypt, could in fact demonetize good silver coinage, especially international nomisma hellenikon. The theory of retariffing is more suggestive, if by retariffing a coin, we mean increasing its local value relative to its value elsewhere. With the countermark, the state told the user that the coin was now acceptable for certain local payments. Was its new value reckoned in epichoric coinage, or was it assimilated to an epichoric coin? It is impossible to know, and the situation would have varied. If we want an axiom, it is that countermarking a precious metal coin increased its likelihood of remaining in the local money supply.

From this perspective, the logic of Attalid countermarking becomes clear. We can divorce our discussion of the cistophoric countermarks from speculation about the source of the host coins and the means by which they entered circulation. One tends not to challenge Bauslaugh’s suggestion that the Pamphylian host coins represent a part of the Seleukid indemnity paid to the Attalids according to the Treaty of Apameia.Footnote ¹⁹² With most having given up on the idea of using the indemnity to interpret the monetary behavior of the Seleukids themselves in this period, it makes little sense to place so much weight on it in the Attalid context.Footnote ¹⁹³ Even more problematic is Bauslaugh’s reconstruction of the administrative procedure behind the countermarks, for it is based on an untenable notion of “earmarking.”Footnote ¹⁹⁴ In his view, the cities of the Attalid kingdom possessed no revenues of their own, but only received “earmarked” revenues from the royal treasury. In similar fashion, Eumenes II would have received the indemnity directly from Antioch, and then disbursed various portions to twelve cities. Those cities would then have countermarked the coins with the common symbol of the bow in case and their individual ethnics, releasing the coins into circulation.

Lost in all this is what motivated the costly administrative procedure in the first place. These coins are good Attic-weight silver – if traceable to the indemnity, the “best” (to argyrion attikon ariston) (Polyb. 21.43.19). Why go to the trouble? Because the imperative was to keep the silver from leaking out of the local money supply, which the metal was wont to do in a world where its global price was steadily increasing, attracting silver coin to where its buying power was greatest.Footnote ¹⁹⁵ The countermark reversed the imbalance, making the coin more valuable at home than abroad. Further, in the cistophoric countermarks, we see twelve cities, many of them newly Attalid, previously belonging to diverse monetary systems, suddenly cooperating to meet this challenge on an impressive scale. For presumably, the cistophoric countermark of one city was an expression of the acceptability of the coin in any of the other countermarking cities. The mental map of those who used these coins started to look ever more like the physical one drawn up at Apameia. Functionally, the countermarking system was an initial step in the process of political and economic integration that came to fruition after 167 in the form of the cistophori and Wreathed Coinages.

The Mineralogical Background

Before we turn to that changed landscape of the Greek East after Pydna, we must pause to consider the question of the ostensible scarcity of the silver in the Attalid kingdom, in the geology of western Anatolia. It has often been erroneously assumed that, no less than Egypt, the region lacked deep veins of silver. First, it is important to mind the difference between the general dearth of silver in the eastern Mediterranean of the late Hellenistic period and any local irregularities in its availability.Footnote ¹⁹⁶ The distinction is crucial for interpreting any monetary behavior that economizes on silver – either the countermarking, as we have conceived of it, or minting on a reduced standard. Granted, Rome withdrew large amounts of precious metal from the money supply of the eastern Mediterranean in the form of spoils and indemnities, and as Pliny the Elder noticed, the Romans preferred to be paid in silver (HN 33.15.51).Footnote ¹⁹⁷ Roman exaction was a major factor, but just one among several behind the gradually increasing scarcity of silver in this period.Footnote ¹⁹⁸ The consequences of this slow, steady drain of silver were twofold. First, because the demand for silver coinage was basically constant, a silver coin was now worth more relative to its weight in bullion. In other words, the buying power of silver coin was on the rise. This means that the value added to silver bullion by measuring and minting it, by stamping it with the state’s imprimatur, was also greater than before. There was plenty of silver bullion around; states just had a greater incentive to monetize it, to mint it on a reduced standard, and to add more fiduciary value. This is most evident in the silver coinage of Antiochos IV, which descended toward a standard 2% below the true Attic.Footnote ¹⁹⁹

The second, related consequence was that epichoric standards began to proliferate. Just like the countermarks, epichoric weight ensured that the coin remained nearby, and thus was protection against local irregularities in the supply of silver. But these standards also capitalized on the general uptick in the value of silver. It had become easier for states to add fiduciary value to the coins’ real value as a piece of bullion. In fact, the cistophori belong to an entire class of large epichoric coinages, including symmachic (reduced Aiginetan) and Rhodian coinages on various standards, which came to dominate certain regions in this period.Footnote ²⁰⁰

In an ironic twist to the standard explanation of acute shortage, the cistophori point to considerable Attalid reserves in silver. The introduction of a new epichoric coinage – on such a scale and at such a high degree of fineness – presupposes a vast accumulation of metal.Footnote ²⁰¹ For a reform of this nature was designed to appear not in fits and starts, but as a deluge, which transforms a supra-regional monetary system. Indeed, the die counts tell us that the cistophori were in fact minted in much greater numbers in the initial two decades than after ca. 150.Footnote ²⁰² While the tax receipts of the years 188–ca. 167 may have contained much of the needed silver, according to current archaeometallurgy, it is almost certain that sources of silver were in fact available to the Attalids within their own kingdom.Footnote ²⁰³ Interestingly, Strabo (14.5.28) tells us of a mining settlement between Atarneus and Pergamon (modern Ovacık?), which by his time had been worked to exhaustion, and also of the evocatively named Argyria on the Aisepos, the so-called birthplace of silver (13.1.45).Footnote ²⁰⁴ While the Troad was famed for its metals in Antiquity, it is difficult to match remains to the reports of Homer or Strabo, or to the testimony of early travelers and modern ethnographers about lead and silver mining near classical Neandria.Footnote ²⁰⁵ On the other hand, the western plain of the Kaikos contains a gold and silver mine at Ovacık still active today.Footnote ²⁰⁶ In the Attalids’ own backyard of Mysia, evidence of ancient mining and slag have been found at the well-known deposit of lead-silver at Balya Maaden (Balıkesir province), famous for cannonball manufacturing during Ottoman times, and one of the largest silver mines in the Middle East, exploited during a period of rapid industrialization between 1880 and 1939. Indeed, it is now active again because the entire Biga Peninsula, to which Balya belongs geologically, has been deemed one of the most active metallogenic regions in the world.Footnote ²⁰⁷ Further, the ancient route from Pergamon to Cyzicus passes by Balya, and it was on this road that Galen tells us a silver-mining settlement called Ergastêria was located (De Simp. Med. XII 229 line 16 to 230 line 5). On the site of Balya, an archaeometallurgical survey catalogued a tremendous number of ancient cuttings, but also clear evidence of Hellenistic occupation.Footnote ²⁰⁸ If in Rostovtzeff’s time it was simply assumed that the Attalids exploited Balya Maaden, today the archaeological case is much stronger. In 2017, Balıkesir University archaeometallurgist Ahmet Baştürk presented a history of lead-zinc exploitation in the region that takes 500 BCE as its starting point.Footnote ²⁰⁹ We have no reason to postulate a lack of silver in the Attalid kingdom.

Explaining the Wreathed Coinages

The Antigonid collapse in the Third Macedonian War permanently altered the political complexion of the Mediterranean. For contemporaries, Polybius tells us, the conflict was a final and decisive battle for absolute hegemony: “viewing the final decision and the subjection of the whole world by one power (ὁρώντων κρινόµενα τὰ ὅλα καὶ τὴν τῆς οἰκουµένης ἐξουσίαν ὑπὸ µίαν ἀρχὴν πίπτουσαν)” (30.6.6). In his speech Oratio pro Rhodiensibus, Cato the Elder shows us Greek onlookers reluctant to support Rome for fear of living in a monopolar world: “It was with an eye to their own freedom that they held that opinion, in order not to be under our sole dominion and enslaved to us (ne sub solo imperio nostro in servitute nostra essent, libertatis suae causa in ea sententia fuisse arbitror)” (fr. 95b). The destruction of Corinth was yet to come, as well as the creation of the provinces of Macedonia and Achaea, but it was already clear to both Rhodes and Pergamon that the rules of the game had changed.Footnote ²¹⁰ This was the new geopolitical environment in which the cistophori as well as the Wreathed Coinages appeared. The production of both coinages entailed the cooperation of royal and civic institutions. Yet Attalid involvement with the Wreathed Coinages is not self-evident. No less an authority than Le Rider has seen them as purely civic in nature.Footnote ²¹¹ Taking the Attalid role seriously requires us to briefly consider the phenomenon of proxy coinage in the Hellenistic world. A proxy coinage is a coinage minted in the name of one polity at least in part out of bullion and institutional resources provided by another, larger polity – a cooperative, if not always coordinated minting arrangement.

The practice of coining by proxy was commonplace for Hellenistic kings and early Roman provincial administrators in Greece and Asia Minor. Specific cases may be open to question, but the phenomenon as such is well known. Some of these coinages openly declare the involvement of outsiders. For example, Erythrai, ca. 306–304, minted bronze coins bearing the portrait of Demetrios Poliorketes on the obverse, and the mark ΕΡΥ along with the name of a local magistrate on the reverse. The citizens of Smyrna under Lysimachus minted bronzes that seem to depict the king’s daughter Eurydike, accompanied by their new ethnic ΕΥΡΥΔΙΚΕΙΩΝ (“of the Eurydikeians”). Similarly, the Ephesians, as the Arsinoeis, put the face of Arsinoe II on their bronze, accompanied by distinctly civic control marks.Footnote ²¹² Such marks allow us to understand some drachms of Corinth under Ptolemaic rule as a proxy coinage.Footnote ²¹³ Certain proxy coinages are easy to spot, such as the silver didrachms minted in Corcyra, bearing the face of Antiochos III on the obverse and the legend ΑΙΤΩΛΩΝ on the reverse.Footnote ²¹⁴ For others, as Hans-Christoph Noeske has shown in attempting to track Ptolemaic gifts in the numismatic record of mainland Greece, we have to look beneath the surface.Footnote ²¹⁵ This is usually a matter of evaluating the appropriate scale of a coinage, using the synthetic scale established for Hellenistic coinages by Callataÿ to measure appropriateness.Footnote ²¹⁶ Interestingly, from ca. 170, suspiciously large coinages in the names of small- or medium-sized polities proliferate: the tetrobols of Histiaea, pseudo-Rhodian drachms from central and northern Greece, the Macedonian Meris coinage – even the Athenian New Style tetradrachms – have come in for interrogation. For the Histiaean and pseudo-Rhodian issues, some postulate Perseus as the source, but in most cases, Rome is the prime candidate, for the triumph of the denarius was yet a long way off in the second century.Footnote ²¹⁷ Meadows has provided a helpful point of comparison for the Wreathed Coinages in the large silver issues of Pamphylian cities associated with Seleucid campaigns of the late third and early second century.Footnote ²¹⁸

The size of the Wreathed Coinages, in total roughly equal to that of contemporary cistophori, has long seemed suspicious, but our analysis of the monetary habits of the Attalids now allows us to make sense of it. It is important to remember that each city minted on a different schedule, over the course of a generation and beyond.Footnote ²¹⁹ The rhythm of production could reflect an Attalid payment schedule or a local need for coin, but it was most likely some combination of the two. We know that the Attalids ceded more than bullion here, as the iconography of the coins, often the cult image of a patron deity of the city, is expressly civic. The Wreathed Coinages lack the visual nod to the higher order polity that is common to many cooperative coinages of multiscalar states. If this minting arrangement relied on civic institutions and afforded civic actors some measure of control over the shape of their local money supply, it was not unlike the cistophoric system. In fact, these were two complementary and, to a degree, coordinated parts of the money supply of the Attalid kingdom. Yet the full scope of that complementarity is apparent only when we accept that the locally produced Attic-weight coinage was also exchanged between locals.Footnote ²²⁰ The monetary needs of the outwardly oriented coastal cities differed from those of communities of inner Anatolia. Yet as the Ahmetbeyli hoard from the territory of Colophon reminds us, cistophori also circulated on the coastal fringe. Ultimately, the nature of the transaction determined the choice of currency, not the geographic zone.Footnote ²²¹

At root, neither the practice of minting a proxy coinage nor even a coordinated coinage sets the Attalids apart. In precisely this period, we see other minting experiments that meet our definition of coordinated coinage. One example is the so-called municipal bronzes of Levantine and Cilician cities under Antiochos IV, featuring royal portraits, civic ethnics, and an array of weight standards.Footnote ²²² Another example are Macedonian coinages, minted in bronze and silver, in the name of the different merides. On the basis of Livy, it was long thought that these administrative regions were Roman inventions, but the numismatic record shows that Philip V and Perseus delegated the power of the mint to these regions.Footnote ²²³ Such coinages are an expression of civic and regional identities that received a new hearing after the humbling of the Antigonids and Seleukids in the early second century. Properly harnessed, the administrative infrastructure by which these identities were being expressed was, ironically, a tool of resistance wielded against the new hegemon, Rome. The coinage, then, from the countermarks to the Wreathed Coinages and cistophori, is simply a measure of how much farther the Attalids were willing to go to make use of these forces.

Our interpretations of each of these monetary practices, including our new understanding of the cistophori, do not rely for their validity on the firm dates that numismatics can seldom provide. Rather, they draw on a wide body of comparative material in order to explain the nature of Attalid imperialism, which in this domain, no less than taxation or benefaction, promoted civic identities and instrumentalized civic institutions. Still, if we place the start of the cistophori in ca. 167, with the Wreathed Coinages taking off over the following decade, the historical implications are significant. In terms of the political dynamics of the Mediterranean, we have emphasized the transformative impact of the Antigonid defeat in the Third Macedonian War. For the Attalids, the crisis did not end at Pydna, since the revolt of the Galatians had broken out in 168 and would continue until 165.Footnote ²²⁴ The notorious Attalid penchant for bolstering their power with the threat, real or perceived, of the Galatian menace, best known from officially commissioned works of art, should not obscure the gravity of the conflict. The anecdote of Polyaenus, which relates how a weakened Eumenes II sat in an open-air throne above a pass to deceive his Galatian pursuers, reminds us of the seriousness of the conflict from the Attalid perspective: this war required the personal attention of the king, who stationed himself on the front lines at Apameia.Footnote ²²⁵ Indeed, in this context, the short-lived cistophoric production of south Phrygia becomes much more comprehensible. In fact, the entire post-Apameian kingdom appeared to be coming apart at the seams, and the Attalids looked for a way to reconstitute and reinforce an imperial space. Their solution was this puzzling new monetary system, which confounds our categories, those rooted in an antiquarian and artificial distinction between royal and civic. Ptolemaic Egypt was not the model. Rather, this was an unprecedented and daring experiment in the devolution of the power of the mint – successful because it relied on both the pride and know-how of cities and also the silver stock of Anatolia.