Æ17

Kaphyai was a minor Arcadian polis situated near the northeastern edge of the Arcadian plateau, politically marginal enough that its autonomous bronze coinage is poorly documented and rarely surfaces. The BCD Peloponnesos collection remains the primary reference for this type precisely because so few examples passed through major auction channels before that collection was catalogued.

Arcadian civic bronzes of this period frequently circulated alongside Achaean League issues, and distinguishing locally-used civic pieces from regional currency is still an open question for several small mints in this district.