Phoenicia was under Persian rule for a long time. This period began
in 529 B.C., when Canbyses became the Persian king and added
Phoenicia to his empire. It ended when Alexander the Great took over
the area in 332 B.C.
Phoenician kings still managed the internal affairs of Phoenician
cities during the time of Persian rule. However, they had to pay
tribute to Persian kings and follow orders from them.
Phoenicians minted their own coins during that time. These are some
examples of Phoenician coins found at the site of Eliachin in Israel.
They date to the period while Israel and Phoenicia were under
Phoenician rule. These coins are made of silver.

Tyrian coins

Obverse: Dolphin facing right
Reverse: Owl standing right

Obverse: Dolphin facing right, dotted border
Reverse: Hippocamp facing right, dotted right

[Note - Both of these coins were minted near the end of the 5th
century B.C. It is not known which king was ruling Tyre when they
were made.]

Sidonian coins

Obverse: Warship before a fortress with three towers, lion at bottom
Reverse: Bowman standing and facing right. He is shooting with a bow
and arrow. There is a goat head to the right. The head of the god Bes
is on the left.

Obverse: Warship between two waves. The Phoenician letter beth (b) is
above it.
Reverse: Bowman running toward the right with a lance.
[Note - This coin was minted while Baalsillem II was king of Sidon.
He ruled 407-402 B.C.]

Obverse: Warship between two waves.
Reverse: Man slaying a lion. The letter yod (y) is between the man
and the lion.
[Note - This coin was also minted during the reign of Baalsillem II.]

Obverse: Warship with waves below it.
Reverse: Man slaying a lion. The letter beth (b) is between the man
and the lion.
[Note - This coin was minted during the reign of Abd'astart. He ruled
371-357 B.C.]

Obverse: Warship with two waves under it.
Reverse: Man slaying a lion. The letter tet (t) is between them.

Things went well for certain intervals of Persian rule. However,
after the regin of the Persian king Darius I (521-485 B.C.). the
Phoenicians sometimes revolted. Heavy taxation by the Persian
authorities was a major cause of those rebellions.

Neal Robbins