Hemiobol

Pitane, one of the twelve cities of the Aeolian League on the northwestern Anatolian coast, produced coinage in fractions small enough to suggest a genuinely monetized local economy — everyday transactions, not just inter-city trade. The hemiobol represents the bottom of that fractional ladder. At under half a gram of silver, these pieces circulated alongside Persian-influenced regional currencies and competed with the fractional issues of neighboring Myrina and Cyme.

The city fell under Macedonian control during Alexander's Anatolian campaign of 334 BC, after which civic coinage authority was progressively absorbed into broader Hellenistic administrative systems.