Pherai, Thessaly, AR obol struck by Alexander, Tyrant. 369-359 BC. 10 mm, 0.80 g. 

Wheel of four spokes. 
ALE, Double-axe (bipennis or labrys). 

SNG Cop 244; BCD 1313; Traité IV, 618.
Rare. 

With permission of Roma Numismatics Ltd - E-Sale 70, Lot 436, May 2020.