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It has been demonstrated by F. Herrmann that the earliest issues of Larisean coinage, which are earlier than those of any other Thessalian city, are struck on the Persian standard. The Athenian tyrants of the Chersonese struck coins which conformed to the Persian as well as to the Attic system, but the adoption of the Persian standard by an independent Greek state is, so far as can be at present ascertained, an unique phenomenon. Nevertheless, though his conclusion is remarkable, the arguments of Herrmann appear to be incontestable and are accepted by numismatists. The purpose of this article is to shew that this discovery corroborates rather than conflicts with the evidence of ancient literary authorities. It is hard to reconcile only with modern interpretations of this literary evidence and with reconstructions of the period, which must accordingly be somewhat modified.
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