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Elaia was the port city of Pergamon before Pergamon mattered — a modest harbor settlement whose coins circulated in the commercial traffic of the eastern Aegean rather than in any grand political scheme. The city gained strategic importance as Pergamon's outlet to the sea, a relationship that would eventually subsume Elaia's independent identity entirely once the Attalid dynasty consolidated regional control in the third century.

The SNG concordance across Copenhagen, KIKPE, Ashmolean, and Munich confirms this as a well-documented type, though Elaia's bronzes remain obscure outside specialist collections.