Hemihekte

Among the earliest coined money in human history, the electrum fractions of western Anatolia precede any surviving written record of their own production — we know almost nothing about who authorized them, who controlled the electrum supply, or how exchange rates were set. The natural alloy varied significantly in gold-to-silver ratio depending on the river source, and there is reasonable scholarly debate over whether early recipients could even reliably assess what they were accepting.

SNG Kayhan 733 places this piece within the Ionian sphere without committing to a specific polis.