This tiny coin has an interesting history. It was minted over 2300 years ago in Babylon, which was then headed by Peithon, son of Aganor. This was a completely different Peithon than the one who headed the satrapy of Medea and was executed by Antigonos.
This is one really small coin, and one day, perhaps as its owner was heading out to buy a bottle of wine (which is what this could buy), he dropped it.
Now, I haven’t spent a lot of time in Iraq due to obvious reasons, but from all the videos I see, they have a lot of sand. So, this coin was dropped and not found – until much later.
At that point it was brushed off and sold, then eventually sold to me. Now, keep in mind that story was made up, and most likely this coin wasn’t dropped in the sand, since 23 centuries of shifting sand would have worn down this coin. Regardless how it was lost or cached, these little hemi-obols are rare because they weren’t worth as much, so they aren’t found in most caches.
As for our Peithon, he served under Antigonos and aided him at the Battle of Gaza in 312 BCE, where he was killed.