After Alexander's death in 323 BC, his successors continued striking coins in his name for decades — partly for economic continuity, partly for political legitimacy. Lysimachos, who controlled much of Asia Minor and Thrace, used the Kolophon mint during this window to produce Alexandrine coinage while consolidating his grip on the region. He wouldn't strike in his own name until around 297 BC, making issues like this one a transitional artifact of a power structure still pretending Alexander's empire was intact.
After Alexander's death in 323 BC, his successors continued striking coins in his name for decades — partly for economic continuity, partly for political legitimacy. Lysimachos, who controlled much of Asia Minor and Thrace, used the Kolophon mint during this window to produce Alexandrine coinage while consolidating his grip on the region. He wouldn't strike in his own name until around 297 BC, making issues like this one a transitional artifact of a power structure still pretending Alexander's empire was intact.