Phagres, Thrace. AE. early 4th c. BC. 1.56 gr.

Obv: Laureate head of Apollo right
Rev: FA above, GR beneath lion crouching right, head
three-quarters facing. 

Liampi, The Mint of Phagres, NomChron 10, 1991, 33 Nr. 7, CNG, Auktion 76, 2007, Nr. 85; Rauch, Auktion 85, 2009, Nr. 155. 
Very rare.

With permission of Dr Lanz, Munich, June 2010.