Tetradrachm - Demagores

Demagores served as a magistrate at Ephesos during a period when the city was nominally under Persian suzerainty following the King's Peace of 386 BC, yet retained enough civic autonomy to issue substantial silver coinage under named officials. The practice of inscribing a magistrate's name on the tetradrachm is itself a political signal — a claim of local administrative identity at a moment when Achaemenid pressure on Ionian cities was not merely theoretical.

BMC Greek 37 places this among a well-documented sequence of magistrate-signed issues from the mid-fourth century mint at Ephesos.