Hekte

Mytilene and Phokaia operated under a formal agreement — confirmed by ancient sources and corroborated by hoard evidence — to produce electrum coinage on a shared standard, alternating reverse types on an annual basis. This coin falls within that long-running bimetallic convention, which persisted even as Persian political control over the Aegean coastline fluctuated dramatically across the fourth century. The arrangement was commercial rather than political; both cities needed a trusted, high-value trading coin acceptable across the eastern Aegean and into Black Sea markets.

Bodenstedt 83 places this hekte toward the later phase of the series.