Stater

Phaselis was a Lycian coastal city that built its prosperity almost entirely on maritime trade, functioning as a key intermediary between the Aegean world and the eastern Mediterranean. Its coinage circulated widely across trade routes rather than being confined to local exchange, which explains why Phaselitan silver turns up in hoards from Egypt to the Black Sea. Alexander the Great wintered there in 333 BC — the city opened its gates without resistance — and Phaselitan staters of precisely this period would have passed through hands on both sides of that transition from Persian-influenced autonomy to Macedonian hegemony.