Stater

Thera — modern Santorini — was a Spartan colony, and its coinage reflects that Dorian heritage in both fabric and type. The island sits on the rim of one of the ancient Mediterranean's most catastrophic volcanic calderas, though by the Archaic period it had long been inhabited and commercially active enough to warrant a civic silver issue. Staters from Thera are genuinely scarce; the polis was never a major commercial power, and production was limited. The references here — HGC, Nanteuil, and Weber — all treat this type as a rare survivor rather than a routine archaic issue.