Stater

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.