1 Drachm - Khono Peroz imitation, Uncertain Sogdian mint, Northern Tokharistan, countermark

Khono Peroz imitations circulated widely across Sogdiana and Tokharistan following the catastrophic defeat of the Sasanian king Peroz I by the Hephthalites in 484 AD — a battle in which Peroz himself was killed along with much of his army. The Hephthalites subsequently controlled the region and local mints produced imitative coinage drawing on Sasanian prototypes, often with degraded legends and counterstruck authority marks added by successive rulers or merchant intermediaries to validate or re-authorize circulation.

The countermark on this piece is the detail that matters most. Such marks in Northern Tokharistan typically indicate a change of political control or a local merchant guild's guarantee — distinguishing it from a simple imitation struck once and forgotten.