According to Greek myth, Athena gave Bellerophon a golden bridle to capture Pegasus - the winged horse which was responsible for the creation of fountains of fresh water (ie. the Hippocrene fountain of the Muses) by striking rocks with his hoof. Corinthian staters depicting Pegasus were the principal medium of exchange along the Corinthian gulf and coasts of southern Italy and Sicily. These pegasi depicted the winged horse on the obverse, always accompanied by the archaic letter koppa (q) - the initial of the city.

All other signatures indicate Corinthian-type staters (equivalent to two or three drachmae) from various Corinthian colonial mints in southern Italy, Sicily or north-western Greece. The head of Athena appears as reverse type. Before 400 BC Pegasus was depicted with a curled wing, either walking, standing or drinking - the pointed wing became standard during the fourth century, in particular at colonial mints, in addition the head of Athena on the reverse acquired a neck-flap, symbols and abbreviated names.

Obv. Pegasus flying right with pointed wing, symbol below.
Rev. Head of Athena left, wearing Corinthian helmet and neck-flap behind.