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Lydian Croeseid Third-Stater — Lion & Bull

Type · lydia-croeseid-third-stater-lion-bull

My specimens (1)

3.39 g (tag) · gVF
ObverseReverse

Current: Lydia, Sardes. Kingdom of Lydia, temp. Kroisos (c. 561–546 BC; dealer tag c. 564–539 BC), or possibly the early Persian-period continuation. AR third-stater (trite). Confronted foreparts of lion and bull / two incuse squares (SNG Ashmolean 772).

Obverse: Confronted foreparts of a lion (on the left, head right) and a bull (on the right, head left), facing one another. Anepigraphic.

Reverse: Two incuse (sunken) square punches of unequal size, side by side.

Primary reference: SNG Ashmolean 772

Culture
Lydian
Region
Asia Minor (Lydia)
Mint
Sardes
Denomination
trite (third-stater)
Material
AR
Date
c. 561–546 BC (Kroisos; tag: c. 564–539 BC), possibly continued to c. 520 BC under Persian rule — chronology debated
Era
Kingdom of Lydia / early Achaemenid transition
Map of Sardes

The Kingdom of Lydia at its greatest extent under Kroisos (Croesus), controlling western Asia Minor as far east as the River Halys. Sardes — the capital and the mint that struck this coin — is marked by the capital star (see the map’s legend). This is the realm of the bimetallic gold-and-silver “Croeseid” coinage to which this third-stater belongs.

Image source & licence

Main map (Kingdom of Lydia): “Kingdom of Lydia at its Greatest Extent” by Ennomus (Wikimedia Commons), File:Kingdom of Lydia.png, licensed CC BY-SA 4.0 (https://commons.wikimedia.org/wiki/File:Kingdom_of_Lydia.png; license: https://creativecommons.org/licenses/by-sa/4.0/). Reproduced unmodified.

Second map (Achaemenid satrapies): “Map of Achaemenid Imperial Satraps (English Version)” by M.r ebrahim zadeh (Wikimedia Commons), File:Map of Achaemenid Imperial Satraps (English Version).png — released by the author into the public domain and additionally licensed CC BY-SA 4.0 (https://commons.wikimedia.org/wiki/File:Map_of_Achaemenid_Imperial_Satraps_(English_Version).png; license: https://creativecommons.org/licenses/by-sa/4.0/). The base map was compiled from Atlas Antiquus (Justus Perthes, 1909) and the “Achaemenid Satrapies” article in Encyclopaedia Iranica. Modified by JSB Coins: a red square has been added to mark the position of Sardes. This derivative is shared under CC BY-SA 4.0.

Detail map for Sardes

And the world that inherited this coinage — the Achaemenid (Persian) Empire as its network of imperial satrapies. Lydia (Old Persian Sparda) sits at the far western edge; the red square marks Sardes, where the Persians kept striking the lion-and-bull types for a generation after Kroisos’s fall.

Catalogue References

Historical Context

The Lion and the Bull, in the King’s Own Silver

This third-stater belongs to the Croeseid coinage — the bimetallic gold-and-silver money of Sardes carrying the confronted foreparts of a lion and a bull — and by its dealer’s attribution it belongs to the lifetime of the king who invented that system: Kroisos of Lydia, the Croesus whose name is still shorthand for wealth. Where the collection’s Croeseid siglos is assigned to the Persian-period continuation of the series, this smaller denomination is placed in the royal phase itself, c. 561–546 BC — which would make it the oldest coin in the collection struck by a named historical ruler.

The birth of coinage, c. 660–400 BC From Lydian electrum to the silver of the Greek cities — the three regimes of the Sardes mint, with the collection’s eight earliest coins placed in time. Coin markers link to the specimens. 650 625 600 575 550 525 500 475 450 425 400 year BC → (time runs left to right) Graphic: JSB Coins, 2026 (CC0). Dates follow Herodotus, Kroll (Sardis Expedition), Le Rider, and standard chronologies; most are approximate. IN THIS COLLECTION Open specimen: Open the Lydian electrum trite, the oldest coin in the collection Lydian electrum trite — the oldest coin in the collection Open specimen: Croeseid third-stater (temp. Kroisos) Croeseid third-stater (temp. Kroisos) Open specimen: Teos griffin stater Teos griffin stater Open specimen: Athens owl tetradrachm Athens owl tetradrachm Open specimen: Croeseid siglos (Persian period) Croeseid siglos (Persian period) Open specimen: Archer siglos (Type II) Archer siglos (Type II) Open specimen: Kaulonia nomos Kaulonia nomos Open specimen: Kyzikos electrum hekte Kyzikos electrum hekte THE ELECTRUM ERA (Lydia & Ionia, natural gold-silver alloy) PERSIAN CROESEIDS THE DARIC & SIGLOS — THE KING’S MONEY KROISOS’ REFORM pure gold + pure silver 660 560 546 515 400 First coins: electrum struck in Lydia & Ionia (Artemision finds) Silver coinage spreading among the Greek cities Cyrus takes Sardes — Persia inherits the mint South Italy’s incuse fabric (Kaulonia, Kroton, Sybaris) Darius I introduces daric & siglos Xerxes’ invasion — the King’s silver pays the King’s armies Athens’ owls become the Aegean’s common currency
The invention of money in one picture: the three regimes of the Sardes mint, with the collection’s seven earliest coins placed in time. This third-stater is the first marker in the top row — by its attribution, the oldest coin in the collection. The coin markers are links to the specimens.
Image source & licence

Graphic: JSB Coins (CC0).

The first bimetallic currency

Lydia produced the world’s earliest coins — state-stamped electrum — around the turn of the seventh century BC. Kroisos’s reform replaced that variable natural alloy with separate pure-gold and pure-silver coinages on fixed standards, mutually convertible: the first true bimetallic currency. All of it bore one design, the lion of Lydia facing the bull, and all of it was struck at Sardes. The silver ran in a ladder of denominations — stater, half-stater (siglos), and this third-stater or trite of c. 3.55 g, with sixths and twelfths below — small enough silver that ordinary market exchange, not just state payments, could ride on it.

Kroisos or the conquerors?

The honest caveat that attends every Croeseid attends this one. The coins name nobody, and after Cyrus the Great took Sardes (traditionally 546 BC) the Persians went on striking the same types for a generation, until Darius I’s daric-and-siglos reform (c. 515 BC, following Le Rider). Separating Kroisos’s own emissions from the Persian continuation is a matter of style, fabric, weight, and hoard context, and scholars draw the line differently. The dealer’s attribution places this piece in the king’s reign (the tag’s dates, c. 564–539 BC, are one older convention for that reign); a Persian-period origin cannot be strictly excluded — exactly the same uncertainty, in mirror image, that attends the sibling siglos. The two coins may in fact be nearer contemporaries than their catalog lines suggest, and the pairing makes the debate itself visible on facing pages of the collection. The coin that ended the series, the Achaemenid royal-archer siglos, is also here — and so is the Sardes mint’s third act, striking for a third empire: the drachm of Alexander the Great, from the same workshops two centuries on.

The king on the pyre

Kroisos on the pyre, by the vase-painter Myson
The only ancient portrait of the man behind this coin: Kroisos enthroned atop his pyre, crowned with laurel and calmly pouring a libation while a servant sets the fire — an Attic red-figure amphora by Myson, c. 500–490 BC, barely two generations after the king’s fall. Louvre G 197.
Image source & licence

Photo: Bibi Saint-Pol, Wikimedia Commons, released into the public domain.

No ancient king’s end was retold more than Kroisos’s, and the Greeks could not agree on it. In Herodotus (1.86–87) the captive king is set on a pyre by Cyrus, remembers Solon’s warning to count no man happy before his death, and is saved — by Cyrus’s change of heart and a sudden rain sent by Apollo, the god Kroisos had gilded. In Bacchylides’ victory ode (Ode 3, 468 BC) he mounts the pyre himself, a king choosing death over slavery, and Apollo spirits him away to the Hyperboreans. Myson’s amphora, painted within living memory of the events, shows the serene second version. Behind all the tellings stands the historical fact the vase and this coin share: the proverbially richest man of his age — the king who gilded Delphi with talents of gold ingots and a golden lion (Herodotus 1.50–51) — lost kingdom, capital, and mint in a single season, and the lion-and-bull money kept being struck as if nothing had happened. (His Delphi gold had a second numismatic life: two centuries later the Phokians melted the sanctuary’s dedications — Kroisos’s expressly among them, says Diodorus — to coin money for the Third Sacred War, and a piece of that coinage is in this collection as the Phokian triobol.)

From Croesus to the Colossus, 560–270 BC The Persian west and the Greek east — ten of the collection’s eastern coins placed in time, from Lydia’s last king to the harbor of Hellenistic Rhodes. Coin markers link to the specimens. 550 525 500 475 450 425 400 375 350 325 300 275 year BC → Graphic: JSB Coins, 2026 (CC0). Dates follow Herodotus, Plutarch, Diodorus, and standard chronologies. IN THIS COLLECTION Open specimen: Croeseid third-stater Croeseid third-stater Open specimen: Achaemenid siglos (Type II) Achaemenid siglos (Type II) Open specimen: Amisos owl siglos Amisos owl siglos Open specimen: Mazaios Baaltars stater Mazaios Baaltars stater Open specimen: Rhodes Helios/rose didrachm Rhodes Helios/rose didrachm Open specimen: Croeseid siglos Croeseid siglos Open specimen: Aspendos warrior/triskeles stater Aspendos warrior/triskeles stater Open specimen: Byzantion bull-on-dolphin Byzantion bull-on-dolphin Open specimen: Teos griffin stater Teos griffin stater Open specimen: Egyptian imitation owl tetradrachm Egyptian imitation owl tetradrachm PERSIA’S CONQUEST PERSIAN WARS THE ATHENIAN EMPIRE PERSIA RESURGENT THE SUCCESSORS LYDIA (Croesus) ALEXANDER 547 499 479 404 334 323 Cyrus takes Sardes — Croesus falls (547/6 BC) Darius I: satrapies, tribute, and a royal coinage (from 522 BC) The Ionian Revolt begins; Sardes burns (499–494 BC) Xerxes invades; Salamis (480 BC) Eurymedon — Cimon beats Persia by land and sea at Aspendos’ river (c. 466 BC) Egypt breaks free; Sparta wins with Persian gold (404 BC) The King’s Peace hands the coast back (387/6 BC) Artaxerxes III retakes Egypt (343 BC) Issos — Alexander takes the Persian west (334–333 BC) Demetrios besieges Rhodes; the Colossus follows (305–304 BC)
From Croesus to the Colossus, 560–270 BC: the three centuries this coinage opened, from Sardes through the Persian sigloi and the satrapal mints to the Hellenistic east, with ten of the collection’s eastern coins placed in time — this coin at the head of the sequence. Coin markers link to the collection’s specimen pages.
Image source & licence

Graphic: JSB Coins, 2026 (CC0).

Why this type matters

Between them, lion and bull mark the moment money as we understand it took shape: state-guaranteed precious metal in interlocking denominations of gold and silver. A third-stater of the royal phase is a working coin from the treasury system that made Croesus a proverb — the wealth Herodotus has him display to Solon, and lose, with Lydia, in a single campaign season. Herodotus’s verdict on the Lydians (“the first of men we know to strike and use coin of gold and silver,” 1.94) is, on the current understanding of the evidence, very nearly the literal description of this object.

Sources

The dealer’s reference is SNG Ashmolean 772 (Sylloge Nummorum Graecorum, Ashmolean Museum — Croeseid third-stater of this type); attribution and system follow Georges Le Rider, La naissance de la monnaie (Paris 2001), and John H. Kroll, “The Coins of Sardis” (Sardis Expedition essay, 2010), both of which discuss the Kroisos-versus-Persian-period question and the c. 515 BC transition to the daric and siglos. Herodotus 1.94 (the Lydian invention of coinage), 1.29–33 and 1.86–91 (Kroisos, Solon, and the fall of Sardes), and 1.50–52 (the Delphi dedications) supply the historical frame — Book I is linked in the references; the alternative fate of the king is Bacchylides, Ode 3. The Myson amphora is Louvre G 197. This specimen’s auction provenance: Classical Numismatic Group, Sale 58 (19 September 2001), lot 609.

Notes

Third-stater (trite) of the bimetallic Croeseid silver system (full standard c. 3.55 g; this coin 3.39 g per the dealer tag). The denomination sits below the stater (c. 10.7 g) and siglos/half-stater (c. 5.35 g) — the collection also holds a Croeseid siglos, filed as its own type since denomination distinguishes types. The coins are anepigraphic, so assignment to Kroisos's own reign versus the posthumous Persian-period continuation rests on style, fabric, and hoard evidence; the dealer places this coin in Kroisos's lifetime, the sibling siglos in the Persian continuation, and both attributions carry the same honest uncertainty.

References & Further Reading

John's Ancient Coin Collection · Type · lydia-croeseid-third-stater-lion-bull