Stater - Damonaktos

Kyrene's gold coinage of this period reflects the city's extraordinary wealth derived from silphium, the now-extinct plant traded across the Mediterranean at near-silver weight for-ounce parity. The magistrate name Damonaktos appears on a tight cluster of issues datable to the decade following Alexander's conquest of Egypt in 332 BC, when Kyrene briefly asserted de facto independence under the reformer Thibron and then a succession of local authorities before submitting to Ptolemy's general Ophellas in 322 BC — the terminus for this series.

The Jameson and Naville specimens remain the primary reference points for die linkage studies on this magistrate's output.