This is a bronze obol (22mm) of Alexander in elephant headdress issued under Ptolemy I of Egypt after 294 BC from an uncertain mint on Cyprus. The control marks are EY above an X, where the bottom of the X has a crossbar making it an A and the right side has a semicircle at the middle.
References: Svoronos #363; Lorber #B110.
see #363 here: http://www.wildwinds.com/coins/greece/egypt/ptolemy_II/t.html