Corinthian staters of this period circulated so widely across the Mediterranean that ancient writers referred to them collectively as "colts" — a nod to the Pegasus type — and they functioned as a de facto trade currency from Sicily to the Levant. Corinth's commercial dominance in the early fourth century made its silver the preferred tender for mercenary payments, and Sicilian tyrants in particular bulk-purchased Corinthian issues to pay Greek soldiers rather than strike sufficient coinage of their own.
Ravel's die study remains the foundational reference for sequencing this series. Pegasi #331 and Ravel #867 fall within a tightly clustered obverse die group, suggesting concentrated production over a short interval rather than gradual output across the full date range.
Corinthian staters of this period circulated so widely across the Mediterranean that ancient writers referred to them collectively as "colts" — a nod to the Pegasus type — and they functioned as a de facto trade currency from Sicily to the Levant. Corinth's commercial dominance in the early fourth century made its silver the preferred tender for mercenary payments, and Sicilian tyrants in particular bulk-purchased Corinthian issues to pay Greek soldiers rather than strike sufficient coinage of their own.
Ravel's die study remains the foundational reference for sequencing this series. Pegasi #331 and Ravel #867 fall within a tightly clustered obverse die group, suggesting concentrated production over a short interval rather than gradual output across the full date range.