Heraclea the town, originally a Samian colony, was founded as Perinthos In about 300 AD, it was given the name of Heraclea (Ἡράκλεια). It was built amphitheatre-like on the hillside of a cape extending into the Sea of Marmara, close to where the modern town stands. Its port and its position at the junction of several sea-routes, made it a town of commercial importance. It became famous because of its resistance to Philip II of Macedon in 340 BC. Many of its coins have survived, and identify the festivals held there.