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Heraclea at Latmus occupied an increasingly awkward geographic position during this period — originally a coastal city, it was gradually landlocked as the Latmian Gulf silted up, a process well underway by the second century BC. The city's shrinking access to maritime trade likely contributed to its reduced civic output, which is reflected in the scarcity of small bronze issues like this one.

The BMC and SNG Copenhagen references align on a tight cluster of types, suggesting limited die production rather than sustained municipal minting.