Stater

Ambracia, the Corinthian colony on the Ambracian Gulf, struck its pegasi on the Corinthian weight standard but insisted on distinguishing its coinage with a local identifier — a practice rooted in colonial autonomy rather than mere civic pride. The city flourished under the tyrant Periander's descendants before becoming a significant naval power during the Peloponnesian War period, when these staters would have funded mercenaries and fleet operations along the northwestern Greek coast.

Ravel's classification of the early Ambracian colts remains the foundational reference, though die linkage studies since have suggested the chronological boundaries of individual issues are tighter than her original sequencing implied.