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Teuthrania was a small dynastic territory in the Caicus River valley of Mysia, controlled in the early fourth century by Gongylus of Eretria and his descendants — Greek exiles who had been granted the region by the Persian king for collaborating with Xerxes during the invasion of Greece. This coin likely falls within that dynastic period, placing its minting authority in the hands of a family that owed its entire political existence to an act of medism.