Drachm

Kallatis, the Dorian colony on the Black Sea coast of modern Romania, issued billon coinage during a period when the city maintained enough commercial independence to run its own mint — unusual for a settlement so exposed to both Macedonian expansion and Scythian pressure from the interior. The billon alloy itself signals monetary stress: a deliberate debasement from silver, likely tied to the costs of maintaining fortifications and paying mercenaries during the fourth century.

AMNG I-I#202 places this among the earlier autonomous issues before Lysimachos absorbed the region into his sphere following the campaigns of the 310s BC.