Third staters

Summary Analysis

Coin catalogue section: Kelenderis
Coin corpus datasets: Kelenderis, third staters

Summary

Third staters can be divided into two groups. The first consists of Types 4.1–4 (Group 4A) and the second of Types 4.5–9 (Group 4B), with the second group characterized by a slightly lower weight standard than the first group and at the same time a higher dispersion of coin weights. The difference in the average observed weights of these two groups is 0.07 g, and the difference in medians has the same value. However, due to the small number of observations, this segmentation of third staters cannot be considered completely certain and the only possible one, and a larger sample of data is needed to confirm or refine it.

Analysis

Box plots1 of individual coin types and basic descriptive statistics are presented in Figure 1 and Table 1 (Std. Dev. denotes the standard deviation and IQR the interquartile range), respectively.

Figure 1: Box plots of individual coin types

Figure 1: Box plots of individual coin types

Type Count Mean Median Std. Dev. IQR
4.1 1 3.59 3.59
4.2 5 3.55 3.56 0.04 0.07
4.3 1 3.56 3.56
4.4 2 3.53 3.53 0.05 0.07
4.5 7 3.48 3.50 0.09 0.14
4.6 3 3.47 3.46 0.08 0.12
4.7 10 3.49 3.49 0.09 0.10
4.8 1 3.49 3.49
4.9 1 3.49 3.49

Table 1: Basic descriptive statistics of coin types

As Figure 1 and Table 1 show, the weight standard of Types 4.1–4 aappears to be higher than that of the other types. Third staters can therefore be divided into the following two groups:

Group 4A: Types 4.1–4;
Group 4B: Types 4.5–9.

However, due to the small size of the data sample, this segmentation is still preliminary and requires several comments. First, Types 4.1 and 4.3 are each represented by a single specimen. Type 4.1 undoubtedly belongs to the early phase of Kelenderis coinage (the forepart of a goat looking ahead on the reverse links it, like the obol Type 5.1, to the staters of Group 1), and therefore we can expect a higher weight standard for it than for the late issues. The placement of the ethnic in the obverse exergue of Type 4.3 links it to Type 4.2 through Type 2.2, and therefore it seems reasonable to also include this type in Group 4A. Second, Type 4.4 seems to be slightly lighter than Types 4.1–3. However, this type is linked by the letter heta to Type 2.5 staters of Group 2, and this group is also characterized by a higher weight standard. In addition, this type is represented by only two specimens, which may bias its average weight. Third, the weights of Type 4.7 coins are characterized by high variability, with the weight of two specimens exceeding the highest weight in Group 4A. These are coins nos. 26 and 29 weighing 3.64 g and 3.62 g, respectively, while the heaviest Group 4A coin weighs 3.61 g (coin no. 6). Thus, while the average and median weights of Type 4.7 are lower than those of Types 4.1–3, less attention was probably paid to the weight of the flans. Fourth, Types 4.8 and 4.9 are each represented by a single specimen, but their style places it in later production, and therefore it makes sense to include them in Group 4B.

Table 2 shows the descriptive statistics of all third staters and of Groups 4A and 4B.

Statistics All coins Group 4A Group 4B
Number of coins: 31 9 22
Mean: 3.50 3.55 3.48
Standard deviation: 0.08 0.04 0.08
Interquartile range: 0.09 0.06 0.10
Skewness: -0.41 -0.20 -0.01
Kurtosis: 2.65 1.91 2.54
Minimum: 3.34 3.49 3.34
25th percentile: 3.47 3.51 3.43
Median: 3.51 3.56 3.49
75th percentile: 3.56 3.57 3.53
Maximum: 3.64 3.61 3.64

Table 2: Descriptive statistics of coin groups

The following charts visualize the weight distributions of these groups. Figure 2 shows box plots and Figure 3 present relative frequency histograms (the bars represent the relative frequencies of observations ranging from 3.30 to 3.65 g in increments of 0.05 g). The continuous curves represent approximations of the data by the three-parameter Weibull distribution2 based on maximum likelihood estimates. Cumulative distributions are shown in Figure 4.

Figure 2: Box plots of Groups 4A and 4B

Figure 2: Box plots of Groups 4A and 4B

Figure 3: Relative frequency histograms of Groups 4A and 4B

Figure 3: Relative frequency histograms of Groups 4A and 4B

Figure 4: Cumulative distributions of Groups 4A and 4B

Figure 4: Cumulative distributions of Groups 4A and 4B

The Kolmogorov-Smirnov test rejects the hypothesis of the equality of the weight distributions of groups 4A and 4B (p-value of 0.037). The one-sided two-sample t-test with Satterthwaite’s approximation rejects the null hypothesis that the mean weights of both groups are equal in favour of the alternative that the mean weight of Group 4A is higher than that of Group 4B (p-value of 0.030).3 The percentile bootstrap method was also used to supplement these results. Table 3 shows the observed sample medians and bootstrap 95% confidence intervals.4 Table 4 shows the difference in sample medians, its bootstrap 95% confidence interval and p-value.5 These values confirm the higher weight standard in group 4A, but the results are not entirely convincing.

Overall, we can conclude that the weight distributions of groups 4A and 4B are significantly different at the 5% significance level, but due to the small number of observations, this segmentation of third staters cannot be considered completely certain and the only possible one.

median 95% confidence interval
Group 4A 3.56 3.51 3.59
Group 4B 3.49 3.46 3.52

Table 3: Medians and their confidence intervals

medians difference 95% confidence interval p-value
Group 4A vs Group 4B 0.07 0.01 0.11 0.019

Table 4: Differences in medians

 

1The bottom and top of each box are the 25th and 75th percentiles of the dataset, respectively (the lower and upper quartiles). Thus, the height of the box corresponds to the interquartile range (IQR). The red line inside the box indicates the median. Whiskers (the dashed lines extending above and below the box) indicate variability outside the upper and lower quartiles. From above the upper quartile, a distance of 1.5 times the IQR is measured out and a whisker is drawn up to the largest observed data point from the dataset that falls within this distance. Similarly, a distance of 1.5 times the IQR is measured out below the lower quartile and a whisker is drawn down to the lowest observed data point from the dataset that falls within this distance. Observations beyond the whisker length are marked as outliers and are represented by small red circles.

2The probability density function of the three-parameter Weibull distribution is f(x;a,b) = b/a×((xc)/a)b-1×exp(-((xc)/a)b) for x≥0, and f(x;a,b) = 0 for x<0, where a>0 is the shape parameter, b>0 is the scale parameter and c is the location parameter of the distribution. The estimated values of the parameters for Groups 4A and 4B, respectively:
a: 0.133, 0.242;
b: 3.686, 3.095;
c: 3.432, 3.269.

3The weight variances in these two groups appear to differ, although the two-sample F-test does not give a completely conclusive result at the 5% significance level (p-value of 0.051). Therefore, Satterthwaite’s approximation for the effective degrees of freedom was applied.

4Wilcox 2022, pp. 122–3. The number of bootstrap samples was 106 (one million) for each group.

5Wilcox 2022, pp. 196–7. The number of bootstrap samples was 106 (one million) for each comparison.

 

8 July 2023 – 18 February 2024