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This coin has been stamped in Egypt by the founder of the Ptolémée dynastie, former general of recently deceased Alexander the great. Each diadoque (general from the macedonian army) had taken a part of the empire created by Alexander. They stamped coin with Alexander portrait to settle their personnel power. Alexander is represented here with an elephant skin, dithyrambic reminder of his indian conquest (in reality he stopped on Indus’ bank).
The tetradrachm was an Ancient Greek silver coin equivalent to four drachmae. In Athens it replaced the earlier "heraldic" type of didrachms and it was in wide circulation from ca. 510 to ca. 38 BC.
The tetradrachm's use as a currency was soon adopted by many other city-states of the ancient Greece, Asia Minor, Magna Grecia and other Greek colonial cities throughout the Mediterranean Sea. With the armies of Alexander the Great it spread to the Greek-influenced areas of present-day Iran and India.
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