Stater

Ambracia, the Corinthian colony on the Ambracian Gulf, struck its own Pegasus staters independently of Corinth despite sharing the broader "Pegasi" coinage tradition. The city's autonomous issues are distinguished by a local magistrate's symbol or letter beneath the forepart of Pegasus — the detail that separates an Ambracian piece from the Corinthian issues it superficially resembles. This attribution matters: Ambracia was expelled from the Corinthian League during the Peloponnesian War, making its independent coinage politically charged in ways the nearly identical Corinthian fabric is not.