The coin was issued during the short lived Republican Era.
Ancona (Greek: Ἀγκών - Ankon (root)) is a city and a seaport in the Marche region, in central Italy, with a population of c. 101,997 as of 2015. Ancona is the capital of the province of Ancona and of the region. Ancona was founded by Greek settlers from Syracuse about 387 BC, who gave it its name: Ancona stems from the Greek word Αγκων, meaning "elbow"; the harbour to the east of the town was originally protected only by the promontory on the north, shaped like an elbow. After 1000, Ancona became increasingly independent, eventually turning into an important maritime republic (together with Gaeta, Trani and Ragusa, it is one of those not appearing on the Italian naval flag), often clashing against the nearby power of Venice. An oligarchic republic, Ancona was ruled by six Elders, elected by the three terzieri into which the city was divided: S. Pietro, Porto and Capodimonte. It had a coin of its own, the agontano, and a series of laws known as Statuti del mare e del Terzenale and Statuti della Dogana. Ancona was usually allied with Ragusa and the Byzantine Empire. In 1137, 1167 and 1174 it was strong enough to push back the forces of the Holy Roman Empire. Anconitan ships took part in the Crusades, and their navigators included Cyriac of Ancona. In the struggle between the Popes and the Holy Roman Emperors that troubled Italy from the 12th century onwards, Ancona sided with the Guelphs.