Cilicia, Holmoi AR Stater. Persic standard. Circa 440-400 BC. Caped rider dismounting from horse to right / Stern of galley to left, OΛMI above. Unpublished in the standard references; Heritage 3067, 30186 (same dies); for similar types on a unique 1/3 stater cf. also Numismatik Naumann 39, lot 415. 10.66g, 18mm, 12h.

Extremely Fine. Unpublished in the standard references, and one of only 5 known examples.

Ex collection of P.R., United Kingdom, Roma Numismatics Ltd., Auction XVI, 26 September 2018, lot 324;

This remarkable coin, along with a unique 1/3 stater bearing similar types (horseman/stern of galley) undoubtedly represents the earliest coinage of the obscure city of Holmoi, located on the Cilician coast, whose recorded issues are otherwise limited to staters, obols and bronzes dating to after around 380 BC. Those later coins display a connection with the nearby city of Side, but the nature of this relationship is lost. The coins of Holmoi ceased when Seleukos transferred the population to the newly-founded Seleukeia (Pliny, Nat. 5.22, called Holmia).

That the reverse type bears the stern of a galley does not necessarily imply that this virtually unheard-of city ever maintained any kind of fleet, despite its location on the Cilician coastline. The likely circumstances for the production of this extraordinary issue must be sought within the context of Cilicia's subservience to the Achaemenid empire, to which the cities were required to pay tribute in coin, men and materiel. It has been convincingly argued that Cilician coinage, at least in part, fulfilled a military supply function (see Casabonne, 1996a : 116), since after all even in times of peace mercenary soldiers and guards needed paying, and fleets needed maintaining (see in particular Casabonne MIMAA, pp. 59). The reverse type may therefore not refer to any vessel built or operated by the striking authority, but may rather be an indication of the intended object it would go to finance.

The earliest Cilician coinage is of extreme rarity. This piece, along with a small handful of other specimens, appears to be all that survives of the fifth century coinage of Holmoi.