CM: All Corinthian coinage from the fifth through the third centuries BC bears on the obverse the profile portrait of Athena and on the reverse an image of Pegasus, the winged horse of mythology. According to myth it was on Acrocorinth, the citadel of Corinth, that Bellerophon, with the assistance of Athena's gift of a golden bridle, subdued the winged horse. The coupling of Athena and Pegasus makes good sense because of the goddess' connection with the myth. Athena is shown wearing a Corinthian helmet over a leather cap. Pegasus is shown with his wings sweeping upwards, looking as though they belong to the horse, and are not just stuck onto his body.
The inscription of letter 'Th' (circle with dot in its center) before Athena's helmet on the obverse and under Pegasus' belly on the reverse reveals the present stater's origin in Therion of Akarnania, which was a Corinthian province. The letters 'LY' under Athena's neck are the initials either of the supervisor of minting or the engraver. This type of stater dates from the second half of the fourth century BC.
The Numismatic Museum of Athens expressed a reservation for the authenticity of this coin because firstly the combination of Athina's head looking to the right and Pegasus' body facing to the left is extremely rare, and secondly the initials 'LY' under Athena's neck have not been recorded before.
[Megakles Rogakos 08/2007]
ROGAKOS, MEGAKLES Silent Dialogues: Multimedia Portraits Throughout Time 2008 The American College of Greece - ACG Art, Athens