Oinoanda is located in southwestern modern day Turkey. In ancient times it was located in the area of Lycia near the river Xanthus. While Oinoanda was a colony of Termessos, a Pisidian city in the modern day Antalya province, this example was struck in the name of the city as opposed to the Termessians of Oinoanda. In 1897, the British Museum acquired and later published a didrachm similar to this. It was the only known example of the type. In 2005, R.H.J. Ashton published an article in the Numismatic Chronicle along with four plates that detailed a supposed hoard that came into the market in 2002. With the help of dealers, the hoard, composed of about 100 didrachms of that series, was further studied by Ashton. The Ptolemaic scholar Cathy Lorber commented to Ashton that the lotus tip of Zeus' scepter (behind his head on the obverse) could possibly denote Egyptian influence. Ashton noted that there is really no evidence of Ptolemaic control of the area at that time but did agree that Ptolemaic influence did spread up through the Xanthus Valley which was where Oinoanda was closely situated. The imagery of the Zeus/Eagle on thunderbolt certainly suggests an influence.