The history and the monetary business of the cities of the North-    Western Black Sea Coast
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Olbia - is an antique city on the coast of the Bugsky estuary, in the region of a modern settlement Parutino.

In the Greek colonization of the Northern Black Sea Coast the city Miletos played a significant role. The aristocracy of Milet were even received a name of "The eternal seamen ". The connections between the center of the empire and Olbia, as well as with the other Miletos colonies, existed as if they were equal and sovereign partners. More often they were connected by the economical knots and by the unity of cult.

Olbia was founded by the people of Miletos on the border of VII - VI centuries BC and by the end of VI cent. BC it took the form of a typical Greek city-state. It was a slave-holding and democratic republic. During the period before Mithradates, Olbia was a significant industrial and trade center. It's trade relations extended up to the separate regions of Povoljie and Priuralie.

In 331 BC Olbia appeared to be an object of the aggressive politics of Zopirion, who was the deputy of Alexander Makedonsky in Thrace. But olbiopolits, united with Scyths, destroyed the Macedonian army and Zopirion died in fight.

Beginning from the III cent. BC situation in Olbia became worse. The more economically strong Bosporos traders forced out the merchants of Olbia from many regions of the Black Sea Coast. The result of the military conflicts with Scyths and the other local tribes was that in II cent. BC Olvia found itself under the power of Scyths. This event was testified in the city by the caulking of coins with the name of a Scyths' king Skilur. In the end of II cent. BC the city was released from the Scythian domination, but found itself depending on the king of Pontos, Mithradates the Great.

In the second half of I cent. BC Olbia which was built up after the rout of Gets admitted the dependence on the barbarous kings - Pharzoy and Inensimey - who minted their own coins in the city. From the II cent. AD the Roman garrison was billeted in the city. A bit later Olbia was included in a structure of the Roman province - Lower Moesia. The coins with the portraits of the Roman emperors were minted in the city.

In III cent AD Olbia as well as the other antique states of the Northern Black Sea Coast entered the period of the general economical and social-political downfall. At the same time the pressure of the barbarians from the outside became stronger. In the III cent. AD the city was routed by the Goths and the invasion of the nomadic hordes of Huns finally destroyed the city- state Olbia in the end of IV cent. AD.

In the early times the money of Olbia was in the form of cast copper arrows, dolphins and fishes. In the V - IV cent. BC the bronze cast "Aes-Graves" were issued. And from the V cent. BC the coinage of silver coins started. In IV - III cent. BC the city-state issued gold, silver and copper coins. The coins of the second half of the II cent. BC with the name of Skilur testified about the subordination of the city to the Scyths. In I - III cent. AD the Roman garrison was billeted in the city and the spreading of the Roman coins was connected with that event. The reduction and then the disappearance of its own currency in the last quarter IV AD points to the downfall and the decline of the city.

Tyra - is an antique city on the western coast of the Dnestrovsky estuary, within the precincts of the town Belgorod - Dnestrovsky. It was based in VI cent. BC and at first it was a rather small settlement of agricultural nature. Only from IV cent. BC it acquired the importance of a trade center. The typical Greek policy with all institutions of local governing - people's meeting, council, arhontat, etc. It confirms the autonomous caulking of an urban coin including gold as well.

In the early Hellenistic time Tyra experienced the epoch of prosperity and then it entered the period of crisis which was completed by the inclusion of the city in a structure of the mandatory power of Mithradates the Great. In the fifties of I cent. AD Tyra was subordinated by the Romans.

Tyra had its own independent monetary business. The first period -an autonomous coinage of Tyra - started in the end of the fifties of IV cent. BC by the emissions of silver drachmas which patterns imitated kizikins. During III - II cent. BC the mint of Tyra coined copper coins for the needs of the internal market. For international trade the electric kizikins were used.

The first period was completed by the issue of the coins testifying about the subordination of Tyra to Mithradates the Great from the end of II cent. BC. From the second half of I cent. BC and for almost one hundred years Tyra did not issue its coins. The second period of an autonomous caulking lasted from the time of the emperor Domitianus (81-96 years) up to the end of the board of the emperor Alexander Sever (225-235 years) with little breaks. The coins of Tyra of this period represented copper with the portraits of the members of the Imperial house for the province of the Roman Empire.

The finds of Tyra's coins out of the city and the finds of the coins of the other antique centers in Tyra itself are significant for the study of business relations . According to the pictures on the coins we can speak about the cults of the god of river Tyras, Demeter, Apollo, Dionysos; and also, it is possible to judge about Athene, Hermes, Heracles, Aesculapius.

Nikoniy - is an antique city on the eastern coast of the Dnestrovsky estuary, within the precincts of the modern settlement Roksolana. It appeared in the second half of VI cent. BC and was in a definite economical and political dependence from Istros. The stone building in the city started in V cent. BC. The building up of Nikoniy had a regular character. On the border of III - II cent. BC the city was exposed to the destruction. During the first centuries AD the size of the city increased as contrasted to the previous period. Life in Nikoniy stopped during III - IV cent. AD.

In V - IV cent. BC the main means of paying were copper cast coins on the internal market of Nikoniy. It is possible that Nikoniy itself issued these coins as coins of the other antique centers were found incommensurably less than the coins of Istros in the city.

To the own coins of Nikoniy belonged the cast coins of three face-values dated approximately 470 - 460 BC with the name of the Skythian king Skil. The coincidence of the dating of the coins with the time of the Skil's government and also the conformity of the limitation of the given emission to the brevity of the board of this king serve as a conformation that it was the name of Skil which was indicated on the coins of Nikoniy.