Owner Comments:
This is a gold coin of Carthage from the time of the Second Punic War. Some electrum, and maybe even gold, was struck under Hannibal himself in South Italy while he occupied it. But this coin is attributed to the North African motherland itself, between 203 and 201. This range spans the year of Carthage's surrender in 201, and Hannibal's defeat in 202 to Scipio Africanus at Zama.
Ex Jacques Schulman N.V, Auction 243, June 8, 1966, Lot 1371
Even on coinarchives and ancient coin search, I do not find more than five or six of these struck in the same style. NGC has encapsulated 5 of these, including this one, with this one being technically in the "best grade" but with graffiti on the reverse. Even looking close and turning it under light it is tough to notice the graffiti, which is above the horse's rear legs.
ZEUGITANA. Carthage. Ca. 221-201 BC. AV quarter-shekel (13mm, 1.78 gm, 12h). NGC Choice AU 5/5 - 2/5, graffito. Head of Tanit left, wreathed in two grain ears, hook shaped leaf in the hair, another leaf protruding above forehead, wearing pendant earring and plain necklace; dotted border / Horse standing right, head looking forward, near side front leg advanced in front of the off side leg; dotted border. Jenkins-Lewis Group XIV, 464-467.
North Africa, Carthage AV Fifth Stater. Second Punic War, circa 203-201 BC. Wreathed head of Tanit left, wearing single-pendant earring, and necklace / Horse standing right. Jenkins & Lewis Group XIV, 466 (same dies); MAA 76.