Æ20

The Aetolian League reached its peak military influence during precisely this window, having allied with Rome against Philip V of Macedon in the First Macedonian War before switching sides — then allying with Rome again in the Second Macedonian War, which ended at Cynoscephalae in 197 BC. The League's bronze coinage of this period functioned across a federal monetary system, one of the more sophisticated monetary arrangements in the Greek world, with member poleis accepting League issues as common currency.

The Copenhagen specimen catalogued as SNG 29 provides the primary reference point for this type, reflecting how thinly documented Aetolian federal bronzes remain compared to their silver issues.