The paper is a preliminary publication of a large hoard of Bosporan staters found in Phanagoria’s Eastern necropolis in 2011. It contains 3695 coins struck in the 3rd-4th centuries AD under Ininthimaios, Rhescuporis V, Pharsanzes, Sauromates IV, Teiranes and Thothorses, as well as barbarian imitations of latter staters. The Phanagorian hoard is evidence on the historical background of the epoch and sheds new light on the economy, currency and many technical aspects of the coin production in the Late Bosporos. The recent survey of coins from the hoard by X-ray spectroscopy and the neutron tomography first revealed staters of Sauromates IV, Teiranes and Thothorses with the silver content and surface-silvered coating. The treasure was deposited in AD 307/308, due to political instability in the region caused by the increased barbarian pressure on the borders of the Roman Empire and the ancient states in the Black Sea Region.
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