Kabyle was used as a capital by many of the Odrysian and Thracian kings. Today, the ruins are well preserved and are a tourist site in Bulgaria.
In 341 BCE, Kabyle was taken and fortified by Philip II. It is not believed to have minted its own local coinage (though may have minted their silver coinage) during his rule or Alexander III. After Alexander’s death, control passed to Lysimachos.
After his death in 281 BCE, the city briefly came under the rule of the Celtic king Kavaros, then became the seat of the Odrysians. It was roughly during this period that this coin was minted in the name of the city. Outside of that, the vast majority of its coinage was minted for a particular ruler.