Coinage developed exactly where Greek and Lydian culture interacted. Then, it spread extremely quickly over the Greek world, whereas other peoples adopted it more slowly: In the Persian Empire during the sixth century BC, coins were struck in Hellenized parts only. The Phoenicians did not mint money until the middle of the fifth century BC, and even the Carthaginians in Sicily did not strike coins before that time. Etruscans finally struck coins on big scale only in the third century BC, even though they had been issuing some coins in the fourth and fifth centuries BC.
This little coin was issued under the reign of King Croesus, who ruled in Lydia from about 555 to 541 BC. The coin has a vlaue of 1/24 stater.