Hemiobol

Historical Context: This silver hemiobol, issued by Pagasai between 375 BC and 325 BC, underscores the economic significance of this vital Thessalian port. Serving as the maritime gateway for powerful inland city-states like Pherae, Pagasai operated amidst a turbulent era of regional tyrants and growing Macedonian influence. The consistent production of such small denominations highlights the city's commercial activity and the necessity for daily coinage during this political flux.

Artistry: The engraver of this minor denomination remains anonymous, typical for the era. Stylistically, it aligns with Late Classical to Early Hellenistic traditions of Thessaly. Designs on such small flans were compact, often featuring a recognizable local motif. Common iconography includes a horse's head, emblematic of the region's famed cavalry, or a nymph. The obverse would present this primary element, rendered with skill despite its diminutive size, reflecting period standards.

Technical/Grading: Weighing 0.38 grams, this hemiobol exemplifies the challenges of striking minute coinage. High-points, such as a horse's mane or a nymph's hair, are often the first to show wear or incomplete detail due to variable strike pressure. The small, frequently irregular flans often result in off-center strikes or partial impressions; a well-centered, fully struck example is highly prized. While the silver fabric is sound, planchet preparation often rudimentary.