Trihemiobol

Phagres was a small mining settlement in the Strymon River region of Thrace, operating during a period when the silver deposits of the broader Pangaion district — the same mountain range that would later finance Philip II of Macedon's military expansion — were attracting autonomous coinage from even minor communities. The trihemiobol denomination itself, worth one and a half obols, points to a local economy where fractional silver served practical exchange rather than inter-regional trade.

Issues from Phagres are among the rarest of all Thracian civic coinages; the settlement left almost no written record.