Chalkon

Pherai was a Thessalian city whose political history in the fourth century BC was dominated by the tyrants Jason and Alexander — the latter assassinated in 358 BC by his own brothers-in-law. By the time this bronze was struck, the tyranny had collapsed and Pherai operated under Macedonian influence following Philip II's campaigns in Thessaly. Small civic bronzes of this type circulated locally as fractional currency serving everyday transactions that silver never reached.