Drachm In the name of Alexander III, Magnesia ad Maeandrum

Struck at Magnesia ad Maeandrum during Lysimachus's consolidation of western Asia Minor following the fragmentation of Alexander's empire, this drachm was issued in Alexander's name rather than Lysimachus's own — a deliberate political calculation. For roughly the first decade of his reign, Lysimachus lacked the legitimacy to put his own portrait on coin, and continued Alexander's types across multiple mints as a claim to Macedonian succession. Magnesia was a productive mint in this transitional window, operating under Lysimachean control by around 305 BC.