Hekte

Phokaia was one of the few cities granted the right to strike electrum coinage under agreements with the Persian satrapy, a privilege it shared — uneasily — with Mytilene on Lesbos. The two cities eventually formalized this arrangement around 394 BC through a known monetary accord, alternating coin types on a fixed schedule to prevent market saturation. Bodenstedt 65 falls within the later phase of this series, before Phokaia's autonomy was curtailed following the King's Peace of 387/6 BC, which handed the Ionian coastal cities back to Persia and effectively ended independent civic minting.