1 Drachm Peroz I imitation, Uncertain Sogdian mint, Northern Tokharistan, 2 countermarks, types 1 and 1

Peroz I died in 484 AD at the Battle of Herat, destroyed along with most of the Sasanian nobility by the Hephthalites — the very people who had twice ransomed him back to his own throne. The trauma fractured Sasanian authority across Bactria and Sogdia almost overnight, and local rulers began producing imitative drachms almost immediately, using Peroz's recognizable types as a kind of borrowed legitimacy. Northern Tokharistan in particular sat at the intersection of Hephthalite overlordship and residual Iranian cultural identity, making attribution genuinely contested.

The dual countermarks complicate the coin's biography considerably — each punch representing a separate transaction of authority, likely across different polities or administrative moments within the sixth century.