Leukas, situated off the coast of western Greece in Acarnania, was a key maritime and trading hub in the Ionian Sea. Like its neighbor Corinth, Leukas adopted the highly successful “Corinthian type” silver staters, which became an international currency of the Greek world during the Classical and early Hellenistic periods. These staters were so trusted in commerce that cities across the Adriatic and Ionian regions struck local versions, distinguished by control letters and symbols.

The Pegasus on the obverse-borrowed from Corinth’s civic type-was a symbol of divine inspiration and heroic myth, tied to Bellerophon’s legendary exploits. The reverse head of Athena, goddess of wisdom and war, signified protection and civic pride, her Corinthian helmet emphasizing martial strength. The additional symbols here, the Λ and the kerykeion (caduceus), serve as mintmarks or magistrate symbols, distinguishing Leukas’ issues from those of Corinth and other allied cities.

This particular emission dates to the brief period around 316–315 BC, when the Ionian and western Greek poleis were navigating the turbulent political landscape following the death of Alexander the Great and the struggles of his successors.