Watch List notes:

THESSALY. Pherai. Alexander, tyrant, 369-359 BC. Obol (Silver, 9 mm, 0.85 g). Wheel of four spokes. Rev. Α-ΛΕ Double-ax. SNG Copenhagen 244. Traité IV, 618, pl. CCXCIV, 19. Rare. Minor scratch on the obverse, otherwise, good very fine.

From an American collection, ex Obolos 5, 26 June 2016, 200.