Originally a Thracian settlement known as Menebria founded in the 2nd millennium BC, the town became a Greek colony when settled by Dorians from Megara at the beginning of the 6th century BC, and was an important trading centre from then on and a rival of Apollonia (Sozopol). Remains from the Hellenistic period include the acropolis, a temple of Apollo, and an agora. A wall which formed part of the Greek fortifications can still be seen on the north side of the peninsula. Bronze and silver coins were minted in the city since the 5th century BC and gold coins since the 3rd century BC.
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