Hemidrachm

The Thessalian League's federal coinage of this period is among the earliest examples of a Greek regional authority issuing coins collectively rather than through individual poleis — a political arrangement that was far from stable. Thessaly's aristocratic ruling class, the Aleuadae and Scopadae families, exerted fractious control over the league's federal institutions throughout the fifth century, and federal issues were intermittent as a result.

BCD Thessaly II 8 places this hemidrachm among the earliest federal emissions, predating the more prolific series of the fourth century by decades.