MACEDON. Philippoi. Circa 356-345 BC. Hemidrachm (Silver, 12 mm, 1.59 g, 5 h). Head of youthful Herakles to right, wearing lion's skin headdress. Rev. ΦΙΛΙΠ Tripod; above, palm branch; to right, bow. HGC 3, 631. SNG ANS -. SNG Copenhagen 294 var ( corn-grain to right ). Extremely rare. Pierced, otherwise, good very fine.

The city of Philippoi was founded by Thasos in 360/359 BC under the name Krenides ( Springs ). It was on the Macedonian/Thracian coast to the west of Thasos; a site well calculated to control the gold and silver mines of the area. Shortly thereafter, in 356, the city was conquered by Philip II who renamed it in his own honor. He furnished it with colonists, drained some of the nearby marshes, and gave it full autonomy within the Kingdom of Macedonia. It was only under full royal control beginning with Philip V well over a century later. Perhaps the best known event in the city's history was the battle that took place there in 42 BC when Antony and Octavian destroyed the forces of Brutus and Cassius Longinus. It then became a Roman colony, ultimately Colonia Augusta Iulia Philippensis after 27 BC. St. Paul visited the city several times; the city had a thriving Christian community; in 619 there was a massive earthquake from which the city never recovered.
The city's coinage reached its zenith under Philip II, producing coins using metal from the nearby mines prior to the transfer of all minting activities to Pella and Amphipolis.