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Stater

Issuer Ambracia
Year 404 BC - 360 BC
Type Standard circulation coin
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Reverse description Helmeted head of Athena facing left, rendered in fine three-quarter relief with finely detailed facial features and wavy hair emerging beneath the helmet. She wears a Corinthian helmet pushed back on her head, with a prominent bowl and cheek-guards, the crest rising above. To the right in the field, a chelys (tortoise-shell lyre) serves as a secondary symbol. The ethnic legend AMΠPAKIOTAN runs around the periphery of the field, identifying the issuing city of Ambracia in the Greek script.
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Mintage ND (404 BC - 360 BC)
Additional information

Ambracia, the Corinthian colony on the Ambracian Gulf, struck its pegasi within a tightly interconnected network of western Greek mints that shared obverse dies, traveling engravers, and occasionally entire coin shipments. The city's output in this period funded both local administration and its obligations within the Corinthian alliance — obligations that grew considerably strained after Corinth's defeat at the Battle of Leuctra in 371 BC rippled economically through its colonial dependencies.

Ravel's die study established that Ambracian staters of this type show unusually high die-linkage rates with issues from Leucas and Anactorium, suggesting centralized production at intervals rather than continuous local striking.

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