Drachm

Phalanna was a minor Thessalian polis of little political weight, situated in Perrhaebia near the Peneios river. Its coinage is rare enough that the entire known series fits comfortably within a few catalog pages, and the BCD collection represented one of the most concentrated holdings of Phalaннan issues ever assembled before its dispersal at auction in 2011.

The mid-fourth century date places this coin squarely within the period of Macedonian encroachment into Thessaly under Philip II, who reorganized Thessalian league politics after 344 BC. Whether Phalanna continued striking independently after that reorganization remains debated.