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The Hellenistic period was characterized by a new wave of Greek colonization (as distinguished from that occurring in the 8thâ6th centuries BC) which established Greek cities and kingdoms in Asia and Africa.
The Classical period then began, and lasted until the conquests of Alexander the Great in about 330 BC, which began the Hellenistic period, extending until the Roman absorption of the Greek world in the 1st century BC.The Greek cities continued to produce their own coins for several more centuries under Roman rule.The coins produced during this period are called Roman provincial coins or Greek Imperial Coins. Ancient Greek coins of all four periods span over a period of more than ten centuries.he Greek cities continued to produce their own coins for several more centuries under Roman rule. The coins produced during this period are called Roman provincial coins or Greek Imperial Coins. Ancient Greek coins of all four periods span over a period of more than ten centuries.