Coins from Sarmatia
Sarmatia was an ancient region in what constitutes modern Ukraine except Crimea (which was known as Taurica). It was dominated by the Sarmatians, a large Iranian confederation that existed in classical antiquity, flourishing from about the 5th century BC to the 4th century AD.

In the 4th and 5th centuries, the Huns expanded and conquered both the Sarmatians and the Germanic Tribes living between the Black Sea and the borders of the Roman Empire. From bases in modern-day Hungary, the Huns ruled the entire former Sarmatian territory.


(1) Olbia c. 200-150 BC
AE unit Olbia
Obverse: Laureate head of Apollo right; countermark - helmeted head (of Athena ?) right
Reverse: Lyre; OΛBIO / B_A/ EI_(PH)
Ref: SNG BM Black Sea 637-8
(2) Olbia 300-200 BC
AE unit Olbia
Obverse: Head of the river-god Borysthenes left
Reverse: Axe-sceptre and bow-case; NOY(?) in left field
Ref: None provided
(3) Phanagoria 300-200 BC
AE unit Phanagoria
Obverse: Head of Silen wearing ivy-wreath right
Reverse: Bow and arrow; ΦA
Ref: SNG BM 994