Æ - Erma...

Cercinitis was a small Greek colonial settlement on the western coast of Crimea — today's Saky region — founded by Chersonesus and operating largely under its political shadow throughout the fourth and third centuries BC. Independent civic coinage from Cercinitis is genuinely rare; the city lacked the economic weight of Olbia or even neighboring Chersonesus, and its autonomous bronze issues represent a narrow window of municipal self-expression before the settlement effectively faded from the historical record. The Anokhin reference places this type firmly within a local Crimean sequence documented almost entirely through Black Sea excavation finds.