Drachm

The Magnetes were a Thessalian people whose federal coinage emerged in the second century BC, a period when Macedonian power had collapsed following Rome's victory at Pydna in 168 BC and the region was reorganizing politically under Roman oversight. Their silver drachms are struck to the reduced Attic standard that became common across Thessaly in this period — a pragmatic adjustment to regional trading realities rather than any political statement. The BCD collection, from which the primary reference derives, remains the single most important assemblage of Thessalian coinage ever formed.