Drachm In the name of Alexander III, Kolophon

Kolophon, an Ionian Greek city on the Aegean coast of what is now Turkey, became one of the most prolific mint cities striking posthumous Alexanders following the king's death in 323 BC. These issues, produced under the shifting control of the Diadochi, continued circulating Alexander's monetary standard to stabilize commerce across a fragmenting empire. The decade bracketing 310–301 BC saw the region pass between the ambitions of Antigonus I Monophthalmus and Lysimachus, and the Kolophon mint operated under Antigonid authority for much of this window.

Price 1821 is identified by its specific monogram control marks — the details that distinguish it from the dozens of other Kolophon issues within the posthumous series.